Archive · 5 Jun 2025
SEBI Approves IPOs for HDB Financial and Vikram Solar
Two companies, HDB Financial and Vikram Solar, received permission to sell shares to the public for the first time.
HDB Financial, a finance company owned by HDFC Bank, will use the money to grow its business and meet financial rules.
Vikram Solar, a solar panel maker, plans to build new factories and make more solar panels.
This lets these companies raise money from investors, so they can get bigger and better.
SEBI approved the IPO of HDB Financial Services, a subsidiary of HDFC Bank, for ₹12,500 crore.
HDB Financial's IPO includes a fresh issue of ₹2,500 crore and an offer for sale of ₹10,000 crore by HDFC Bank.
Vikram Solar received approval for an IPO comprising a fresh issue of up to ₹1,500 crore and an OFS.
Vikram Solar plans to expand its manufacturing capacity using the IPO proceeds.
HDB Financial must be listed by September 2025, in compliance with RBI regulations.
- Who
- SEBI approved IPOs for HDB Financial Services and Vikram Solar.
- What
- SEBI approved initial public offerings (IPOs) for HDB Financial Services and Vikram Solar.
- When
- SEBI approved the IPOs in May 2025; HDB Financial must list by September 2025.
- Where
- HDB Financial operates branches nationwide. Vikram Solar has facilities in Kolkata and Chennai.
- Why
- HDB Financial plans to use IPO proceeds for Tier-1 capital, business growth, and compliance with capital regulations. Vikram Solar seeks funds for manufacturing facility expansion.
- Companies Approved
- HDB Financial Services, Vikram Solar
- HDB Financial IPO Size
- ₹12,500 crore
- Vikram Solar IPO
- ₹1,500 crore fresh issue, OFS of 17.45 million shares
- Vikram Solar Manufacturing Capacity (2024)
- 4.5 GW
- Vikram Solar Revenue (FY24)
- ₹2,510.99 crore
Sources
HDB Financial Services, Vikram Solar, A-One Steels India and Dorf-Ketal Chemicals: SEBI clears four IPOs
Six companies receive regulatory nod to issue IPO; HDB Financial to raise Rs 12,500 crore via fresh issue
HDFC Bank unit HDB Financial's ₹12,500 crore IPO: All You Need To Know
