HDFC Bank shares in focus after HDB Financial Services gets SEBI nod for IPO

HDFC Bank shares will be in focus after its subsidiary, HDB Financial Services, received SEBI’s approval for its Rs 12,500 crore IPO. The issue includes a Rs 2,500 crore fresh issue and a Rs 10,000 crore OFS. As an upper-layer NBFC, HDB must list by September 2025. The funds will bolster its Tier-I capital base.