HDB Financial Services IPO: HDB Financial, Vikram Solar among 6 companies that got SEBI’s IPO nod; check details

HDB Financial’s Rs 12,500 crore IPO will be the biggest-ever NBFC issue. The HDFC Bank subsidiary holds 94.36% stake.

The offer includes Rs 10,000 crore OFS by HDFC Bank and Rs 2,500 crore fresh issue to boost Tier-I capital.

Proceeds from the fresh issue will be used to augment Tier-I capital and support long-term growth requirements.

Kolkata-based Vikram Solar, a key player in the renewable energy sector, has received SEBI’s approval to launch its IPO. With India’s clean energy focus, this issue is expected to see strong traction from ESG investors.

A-One Steels India, known for manufacturing long and flat steel products, has also received SEBI clearance. The listing will add another key infrastructure player to the markets amid rising demand in construction and housing

Ahmedabad-based Shanti Gold International is looking to capitalise on India’s booming gems and jewellery exports. SEBI’s nod means it could soon debut with its IPO aimed at retail and HNI participation.

Dorf-Ketal Chemicals, a global supplier of speciality chemicals, is another name that secured SEBI’s nod. The company serves oil and gas majors and could ride the wave of chemical sector demand post-COVID.

Maritime logistics firm Shreeji Shipping Global has received approval to launch its IPO. With India’s growing focus on port infrastructure, this could be a promising logistics play.

Under RBI’s scale-based regulation, upper-layer NBFCs must mandatorily list within three years. For HDB Financial, this means a deadline of September 2025, putting the IPO clock officially in motion.

With 16 listings already in 2025, Indian markets have raised Rs 27,687.32 crore via IPOs. The second half of the year is expected to be even busier with big names like HDB now in the pipeline.