By earn 
Introduction
HDB Financial Services is on the brink of finalizing its bankers for a substantial ₹10,000 crore initial public offering (IPO). This move signifies an important step for the non-banking financial company (NBFC) as it gears up to meet regulatory norms and strengthen its financial standing.
Potential Bankers Shortlisted
The NBFC is considering several prominent names for handling this significant IPO. Among the potential candidates are Bank of America, Morgan Stanley, and Nomura. Each of these institutions brings a wealth of experience and expertise to the table, potentially ensuring the success of this financial venture.
Financial Performance and Regulatory Compliance
In the fiscal year 2024 (FY24), HDB Financial Services reported a profit after tax (PAT) of ₹2,461 crore. To comply with the Reserve Bank of India’s (RBI) upper-layer NBFC (UL-NBFC) norms, the company must list its shares before September 2025. The company has already received in-principle approval from HDFC’s board, marking a crucial milestone toward the listing.
Conclusion
As HDB Financial Services moves closer to finalizing its bankers for the ₹10,000 crore IPO, significant progress is being made in meeting the RBI’s regulatory requirements and fortifying its market position. With the in-principle approval from HDFC’s board already in place, the IPO is on track to meet its critical deadlines, promising a strong financial future for the company.
