Upcoming HDFC Group IPOs in Details
The HDFC Group stands as a symbol of trust and reliability in India’s financial world. Beginning its story in the housing finance sector, HDFC was born out of a need to provide more options for home loans in India. But as time passed, HDFC didn’t limit itself to just that. It branched out into different financial areas, like banking, insurance, and even asset management, to name a few. Now, it’s a one-stop shop for a range of financial needs for countless people across the country.
Over the years, HDFC has been quick to adapt to change. By seeing how the world of finance shifts and grows, and understanding what its customers want, HDFC has successfully used technology to make their services better and more reachable. They aim to provide for everyone, whether it’s a person living in a metro city or a small village, or a huge company or an individual.
In March 1995, HDFC Bank launched its first IPO of `500 million (50,000,000 equity shares at `10 each at par). Despite much skepticism, the market lapped up the issue and we recorded 55 times oversubscription.
List Of HDFC Group IPOs Coming Up Soon
- HDB FINANCE
- HDFC ERGO
- HDFC CREDILA
1. HDB FINANCE
The Housing and Development Board (HDB) replaced the SIT as the national housing authority in 1960 and is now the sole provider of public housing in Singapore. In 1918, the colonial government set up a housing commission to review the living conditions in the central area of Singapore.
HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an Aspirational India, serving both Individual & Business Clients. Incorporated in 2007, we are a well-established business with strong capitalization.
Housing Development Board (HDB) financial services is a subsidiary of HDFC bank. It offers business loans at affordable interest rates. Apart from business loans, it also offers personal loans, gold loans, auto, and commercial vehicle loans.
2. HDFC ERGO
The Company offers complete range of general insurance products ranging from motor, health, travel, home and personal accident in the retail space and products like property, marine and liability insurance in the corporate space.
Founded in the year 2002, HDFC ERGO General Insurance Company operates in 106 Indian cities with over 120 branches and 3000+ employees across the country.
HDFC ERGO General Insurance Company Ltd. (HDFC ERGO) is a 51:49 joint venture between Housing Development Finance Corporation Limited, India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.
HDFC became the majority shareholder of HDFC Ergo after acquiring 36,42,290 equity shares, giving it a 50.5% stake in the company.
3. HDFC CREDILA
HDFC Credila has funded over 178,000 Indian students for higher education in more than 4,600 institutes across 63 countries. The company offers pre-approved education loans, and students can get their loans even before they apply to universities.
With a track record of success, in 2006, Anil along with his brother Ajay, founded India’s First Dedicated Education Loan Company, HDFC Credila (formerly known as Credila Financial Services Pvt Ltd.), India’s 1st dedicated Education Loan Company.
HDFC Credila gears up for mega IPO, aims to raise Rs 5,000cr. HDFC Credila, India’s top education loan provider, is planning an IPO in 2025 aiming to raise over Rs 5,000 crore. Supported by EQT and ChrysCapital, they have shortlisted investment banks for this endeavor
HDFC Credila has shortlisted five investment banks as advisors for the IPO: Jefferies, Citi, Axis Capital, IIFL Capital, and BofA Securities.