HDFC Bank, the Country’s largest private bank lender and leader in Market Capitalization, is ready to launch its non-banking arm HDB FINANCIAL SERVICES IPO.As per the sources, HDFC BANK will start IPO Process in few days.
IS IT MANDATE TO BE LISTED?
As per the RBI guidelines, entity classified as a upper layer NBCC, has to be listed within a span of 3years.HDB Financial services is classified as a upper layer NBCC in Sep 2022, has to be listed by Sep 2025.
HDFC Bank is considering to list as soon as possible, as the market conditions are stable and liquidity should persist.
SHARE HOLDING PATTERN OF HDB FINANCIALS:
As per the latest shareholding data, Promoter group HDFC Bank holds around 94.8% stake in HDB Financial services.
As per the Unlisted Shares data, HDB Financials has given 30% returns in last 3months as investors are awaited for IPO.
HDB Financial services are expected to be valued around 80,000-1lakh crores. HDFC Bank is expected to sell around 10% stake, which could be around 8,000 to 10,000crores.
CONCLUSION:
HDB Financials IPO has to be processed mandatorily. Unlike, TATA Sons IPO, company is not evaluating any other options to avoid the listing process.