NBFC

Laxmi India Finance is preparing to enter the capital markets with an initial public offering (IPO) worth Rs. 254 crore, scheduled to open on July 29. The non-banking financial company (NBFC) aims to utilize the proceeds to strengthen its capital base, enhance lending capabilities, and support future expansion. The issue includes a combination of fresh equity shares and an offer for sale by existing stakeholders.

In a move aimed at expanding its financial outreach and enhancing access to credit for commercial vehicle buyers, Ashok Leyland has entered into a strategic partnership with Chhattisgarh Rajya Gramin Bank. This collaboration is designed to facilitate easier and more affordable financing options for prospective buyers across semi-urban and rural areas of Chhattisgarh. By aligning with a regional banking institution that has deep roots in local communities, Ashok Leyland seeks to improve vehicle affordability while simultaneously accelerating sales growth in emerging markets.

InPrime Finserv, a prominent non-banking financial company (NBFC), has successfully raised Rs 50 crore in a funding round spearheaded by Pravega Ventures. The capital infusion is earmarked to drive expansion into new regions, targeting around 50 operational locations over the next year across key states including Karnataka, Uttar Pradesh, Rajasthan, and Haryana. Alongside geographic growth, InPrime aims to enhance its product portfolio, particularly focusing on secured lending, while exploring strategic co-lending partnerships to broaden and diversify its capital framework.

Debt securitisation volumes in India rose modestly to Rs. 49,000 crore during April-June 2025, up from Rs. 45,000 crore in the same quarter last year, reflecting an evolving financial landscape. Non-banking financial companies (NBFCs) emerged as dominant originators, contributing 92% of market activity, offsetting a decline in bank-originated securitisations. Key segments like vehicle loans remained stable, while mortgage-backed securities saw a dip, and gold loan securitisations gained momentum following regulatory easing.

HDB Financial Services, the non-banking financial arm of HDFC Bank, has announced the launch of its highly anticipated Rs. 12,500-crore initial public offering (IPO). The company has set a price band of Rs. 700-740 per share, valuing it at nearly Rs. 61,400 crore at the upper end. The IPO, comprising a fresh issue of Rs. 2,500 crore and an offer for sale of Rs. 10,000 crore by HDFC Bank, will open for subscription on June 25 and close on June 27. Proceeds will be used to bolster HDB’s Tier-I capital, supporting future lending and growth initiatives.

HDB Financial Services, a prominent non-banking financial subsidiary of HDFC Bank, is set to launch its much-anticipated initial public offering (IPO) on June 25, targeting a total raise of Rs. 12,500 crore. The offering comprises a fresh issue of Rs. 2,500 crore and an offer-for-sale (OFS) of Rs. 10,000 crore by parent HDFC Bank. The proceeds will be primarily used to bolster HDB’s Tier-I capital base, enabling the company to pursue aggressive growth in lending operations. This listing is also aligned with regulatory mandates issued by the Reserve Bank of India for upper-layer NBFCs.

In a bold move to scale up its MSME lending operations, non-banking financial company UGRO Capital Ltd has announced the acquisition of Profectus Capital Pvt Ltd for Rs. 1,400 crore in an all-cash transaction. The acquisition, funded through UGRO’s recent equity raise, will transform Profectus into a wholly owned subsidiary. With Profectus’s Rs.

ICL Fincorp Ltd, a prominent non-banking financial company (NBFC) based in South India, has announced plans to open 50 new branches across West Bengal as part of its strategic expansion into the eastern region. The company, known for its focus on gold loans, inaugurated its first branch in Kolkata's Chinar Park. This expansion initiative will also see ICL Fincorp extend its footprint to Jharkhand and Bihar later this financial year.

HDB Financial Services, the non-banking financial arm of HDFC Bank, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to proceed with its highly anticipated initial public offering (IPO). This public issue, with a total size of Rs. 12,500 crore, includes a Rs. 10,000 crore offer for sale by parent company HDFC Bank and a Rs. 2,500 crore fresh issue.

Auxilo Finserve, a prominent non-banking financial company (NBFC) specializing in education financing, has introduced an interest-free tuition and school fee funding solution named IndiaEd. Aimed at easing the financial strain on both students and educational institutions, this initiative targets India’s burgeoning private education sector, estimated at USD 52 billion (approximately Rs. 4.3 lakh crore) and expanding at a compound annual growth rate (CAGR) of 12%. With a loan range between Rs. 20,000 and Rs.