HDB Fin Services: No Material Deviation in ₹2,500 Cr IPO Use

HDB Financial Services Ltd has submitted the Monitoring Agency Report by CARE Ratings Limited regarding the utilization of proceeds from its public issue of equity shares for the quarter ended September 30, 2026. The report, mandated by SEBI Regulations, confirms that there was no material deviation in the utilization of the issue proceeds. The IPO aggregated to ₹12,500 crore, comprising a fresh issue of ₹2,500 crore and an Offer for Sale of ₹10,000 crore. The Monitoring Agency declared that all utilization was as per the disclosures in the Offer Document, based on information provided by the issuer and other reliable sources.