Preparations are underway to launch another big IPO in the IPO market. The board of HDFC Bank's unit HDB Financial Services has approved the IPO. Earlier, NTPC's green energy unit has also filed an application for IPO and NTPC Green Energy is going to raise Rs 10,000 crore from the market. At the same time, there is no information about the size of HDFC Financial Services' IPO, but it is estimated that it could be between Rs 5,000 crore and Rs 10,000 crore. That is, two big issues may come out in the next few months.

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The board of HDFC Bank's non-banking subsidiary HDB Financial has approved the IPO plan. According to a Bloomberg report, the company will issue fresh equity of Rs 2,500 crore through the issue. Along with this, the current promoters of the company will also offer some of their stake for sale in the issue. Money Control had reported quoting sources that the IPO could come to the market between December and March in this financial year. HDFC has a 94.64 percent stake in HDB Financial Services. According to another report, HDFC Bank wants to keep the valuation of HDB Financial Services between Rs 78,000 crore and Rs 87000 crore. Through the upcoming IPO, the bank can offer 10 to 15 percent stake. That is, Rs 7800 to 8700 crore can be raised through the IPO. NTPC Green Energy gave application Earlier, the Green Energy unit of government company NTPC has filed its application for IPO. NTPC Green Energy, a company in the queue to be listed, will try to raise Rs 10,000 crore from the market. According to the information received from the draft paper, NTPC's unit will only issue new shares and the existing shareholders will not sell their shares. According to the documents given by NTPC, the amount raised from the IPO will be used to repay the debt of Rs 7500 crore. By the end of June, the total debt of NTPC Green Energy was Rs 15,277 crore. That is, after the IPO, the debt will be reduced to almost half.