HDB Financial Services Ltd

Initial public offer of up to [] equity shares of face value of Rs.10 each (equity shares) of hdb financial services limited (company) for cash at a price of Rs.[] per equity share of face value of Rs.10 each (including a share premium of Rs.[] per equity share) (offer price) aggregating up to Rs.12500.0 crores (the offer) comprising a fresh issue of up to [] equity shares of face value of Rs.10 each aggregating up to Rs.2500.0 crores by the company (fresh issue) and an offer for sale of up to [] equity shares of face value of Rs.10 each aggregating up to Rs.10000.0 crores by HDFC Bank Limited (promoter selling shareholder, and such equity shares, the offered shares) (offer for sale, and together with the fresh issue, the offer). The offer includes a reservation of up to [] equity shares of face value of Rs.10 each (constituting up to []% of the post-offer paid-up equity share capital of the company) aggregating up to Rs.[] crores for subscription by eligible employees (as defined hereinafter) (the employee reservation portion) and a reservation of up to [] equity shares of face value of Rs.10 each (constituting up to []% of the post-issue paid-up equity share capital) aggregating up to Rs.[] crores for subscription by eligible HDFC Bank shareholders (HDFC Bank shareholder reservation portion). The offer less the employee reservation portion and HDFC Bank shareholder reservation portion is hereinafter referred to as the net offer. The offer and the net offer will constitute []% and []% of the post-offer paid-up equity share capital, respectively. The company, in consultation with the brlms, may consider a pre-ipo placement, prior to filing of the red herring prospectus (pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the scrr. the pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and the prospectus. The face value of equity shares is Rs.10 each. the offer price is [] times the face value of the equity shares. the price band (including discount, if any) and the minimum bid lot will be decided by the company in consultation with the book running lead managers.