HDB Financial Services Limited IPO

HDB Financial Services Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹700 - ₹740

Total Issue

₹12,500.00 Cr

Bid Dates

25 Jun - 27 Jun

Subscription

16.69x

Est. GMP

₹72 (9.73%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

HDB Financial Services Limited is one of India’s top retail-focused NBFCs by Total Gross Loan Book, as per the CRISIL Report. Classified as an Upper Layer NBFC by the RBI, it operates through three main verticals: Enterprise Lending, Asset Finance, and Consumer Finance. In addition to lending, the company provides business process outsourcing services like back-office, collection, and sales support to its Promoter. It also offers fee-based services, mainly distributing insurance products to its lending customers.

Lot Info

Lot Information for HDB Financial Services IPO
Category Lots Shares Amount
Retail (Min) 1 20 ₹14,800
Retail (Max) 13 260 ₹1,92,400
S-HNI (Min) 14 280 ₹2,07,200
S-HNI (Max) 67 1,340 ₹9,91,600
B-HNI (Min) 68 1,360 ₹10,06,400

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
Rs. 20 Cr
Shareholder
Rs. 1,250 Cr

Issue Size

Total ₹12,500.00 Cr
Fresh Issue
₹2,500.00 Cr (3.38 Cr Shares)
Offer For Sale
₹10,000.00 Cr (13.51 Cr Shares)

Objects of Issue

  1. To strengthen our Tier-I capital to support future needs, including lending across our business areas Enterprise Lending, Asset Finance, and Consumer Finance

Grey Market Premium

GMP ₹72
Est. Price ₹812
Est. Gain 9.73%

HDB Financial Services IPO Peer Comparison

(Rs. in crores)

HDB Financial Services IPO Peer Comparison Table
Particulars HDB Fin Bajaj Fin Sundaram Fin L&T Fin M&M Fin Cholamandalam Shriram Fin
Revenue from Ops (in Crs.) 16,300.28 69,683.51 8,485.63 15,924.24 18,463.10 25,845.98 41,834.42
PAT (In Crs.) 2,175.92 16,661.50 1,542.65 2,617.81 2,345.04 4,258.53 9,761.00
EPS - Basic 27.40 26.89 170.53 10.61 18.32 50.72 50.82
NAV per share 198.80 155.60 1,187.80 102.50 154.90 281.50 300.30
RONW 14.72% 19.35% 15.48% 10.79% 10.91% 19.71% 18.17%
Net Interest Margin 7.56% 8.25% 5.26% 9.45% 6.69% 6.76% 9.08%
GNPA 2.26% 1.18% 1.44% 3.29% 3.69% 2.81% 4.55%
NNPA 0.99% 0.56% 0.75% 0.97% 1.84% 1.56% 2.64%
PE Ratio 27.01 34.30 28.10 17.90 14.50 31.40 13.00
PB Ratio 3.72 5.90 4.00 1.80 1.70 5.60 2.20
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 18, 2024 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for HDB Financial Services IPO
Particulars Mar-25 Mar-24 Mar-23
Total income 16,300.28 14,171.12 12,402.88
Profit after Tax 2,175.92 2,460.84 1,959.35
Total Borrowing 87,397.77 74,330.67 54,865.31
Total Assets 1,08,663.29 92,556.51 70,050.39
NAV per share (in ₹) 198.80 173.30 144.50
EPS - Basic (in ₹) 27.40 31.08 24.78
Net Worth 14,936.50 12,802.76 10,436.09

KPIs

Average Yield

14.04%

Average Cost of Borrowings

7.90%

Net Interest Margin

7.56%

GNPA - NNPA

2.26% - 0.99%

Loans Growth YOY

18.47%

PE Ratio

27.01

PB Ratio

3.72

Mkt Cap (in Crs.)

61,387.94

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

94.32%

Public

5.68%

HDFC Bank Limited 94.04%
Others 0.28%

Management

Ramesh Ganesan MD & CEO
Jaykumar Shah CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Subscription Status

Updated as on Updated as on 27-Jun-2025 19:00:00

Mainboard Subscription Status for HDB Financial Services IPO
Category Sub (x) Offered Bids
QIB 55.47x 3,20,85,713 1,77,96,82,480
NII 9.99x 2,40,64,286 24,02,86,800
bHNI 11.77x 1,60,42,858 18,87,73,540
sHNI 6.42x 80,21,428 5,15,13,260
Retail 1.41x 5,61,50,000 7,91,59,240
Employee 5.72x 2,85,714 16,33,520
Others 4.26x 1,78,57,142 7,60,04,340
Total 16.69x 13,04,42,855 2,17,67,66,380

Frequently Asked Questions

What is HDB Financial Services IPO?
HDB Financial Services IPO is a Mainboard IPO having an issue size of ₹12,500.00 Crs. HDB Financial Services IPO is priced at ₹700 - ₹740 per share. The issue opens on 25 Jun 25 and closes on 27 Jun 25.
When will HDB Financial Services IPO open?
HDB Financial Services IPO opens on 25 Jun 25 and closes on 27 Jun 25.
What is the GMP of HDB Financial Services IPO?
The estimated Grey Market Premium of HDB Financial Services IPO is ₹72 per share (9.73%).
What is the lot size of HDB Financial Services IPO?
The minimum lot size of HDB Financial Services IPO is 20 shares & the minimum application amount is Rs. 14800.
When is the allotment of HDB Financial Services IPO?
The allotment date of HDB Financial Services IPO is 30 Jun 25.
What is the listing date of HDB Financial Services IPO?
The listing date of HDB Financial Services IPO is 02 Jul 25.
What is the subscription of HDB Financial Services IPO?
HDB Financial Services IPO is subscribed 16.69 times.
What is the price band of HDB Financial Services IPO?
HDB Financial Services IPO is priced at ₹700 - ₹740 per share.
How to check allotment status of HDB Financial Services IPO?
Click the allotment link on HDB Financial Services IPO page of IPO360.
How to apply HDB Financial Services IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply HDB Financial Services IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply HDB Financial Services IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select HDB Financial Services IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date