HDB Financial IPO is scheduled to open on June 24, 2025 (Tuesday), and will close on June 26, 2025 (Thursday). The basis of allotment will be finalized on June 27, 2025 (Friday), while refunds and credit to Demat accounts are expected on June 30, 2025 (Monday). The IPO is likely to be listed on BSE and NSE on July 1, 2025 (Tuesday).
HDB Financial IPO is a Book Built Issue with a total issue size of approximately ₹12,500 crores, consisting of a fresh issue worth ₹2,500 crores and an offer for sale of ₹10,000 crores. The price band is fixed between ₹750 to ₹800 per share.
The IPO has reserved 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for non-institutional investors (HNIs).
From a financial perspective, HDB Financial Services has delivered strong results. The company reported a revenue of ₹14,171.12 crores in FY 2024, up from ₹12,402.88 crores in FY 2023. Its profit after tax (PAT) rose to ₹2,460.84 crores in FY 2024 from ₹1,959.35 crores in FY 2023.
Given the company’s steady growth and strong fundamentals, HDB Financial IPO is considered a promising opportunity for long-term investors.
Overview of Contents
About HDB Financial IPO
HDB Financial Services Limited was established in 2007 and is one of India’s fastest-growing retail-focused Non-Banking Financial Companies (NBFC) under the Upper-Layer category. The company provides a wide range of financial products under three main business areas: Enterprise Lending, Asset Finance, and Consumer Finance. Their focus is on serving salaried individuals, self-employed professionals, business owners, and entrepreneurs—especially those who are underbanked or have limited credit history, mostly from low to middle-income families.
The company’s mission is to offer easy and accessible financial solutions to customers who may not be served well by traditional banks. As of September 30, 2024, HDB Financial has built a strong customer base of 17.5 million, supported by a widespread network of 1,772 branches in 1,162 towns across 31 states and union territories in India. Over 80% of these branches are located outside the top 20 cities, showing their deep rural and semi-urban presence.
HDB Financial uses a “phygital” model – a mix of physical branches and digital channels. Along with their in-house tele-calling team, they also have partnerships with over 80 brands and OEMs, and a vast external distribution network of more than 1.4 lakh retailers and dealers. The company also offers Business Process Outsourcing (BPO) services like collections, back-office support, and sales support for their parent company, along with fee-based services such as distributing insurance products.
HDB Financial IPO Overview
| Particulars | Details |
|---|---|
| Proposed Listing Platforms | BSE & NSE |
| Type of Offer | Book Built Issue |
| Total Issue Size | Approx ₹12,500 Crores |
| Fresh Equity Issue | Approx ₹2,500 Crores |
| Offer for Sale (OFS) | Approx ₹10,000 Crores (Equity Shares TBD) |
| Face Value per Share | ₹10 |
| Price Band per Share | ₹750 to ₹800 (Tentative) |
| Retail Investor Quota | Not more than 35% |
| Qualified Institutional Buyers (QIB) | Not more than 50% |
| Non-Institutional Investors (NII) | Not more than 15% |
| Pre-Issue Equity Shares | 79,39,63,540 shares |
HDB Financial IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
HDB Financial IPO GMP
The grey market premium (GMP) of HDB Financial IPO shows how much demand is there for the shares before listing. GMP gives an idea of how the IPO might perform on the listing day. Please note that GMP keeps changing daily based on market mood and demand. Investors should not fully depend on GMP and should check company fundamentals before investing.
- To Be Updated Soon
HDB Financial IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | Tuesday, June 24, 2025 |
| IPO Close Date | Thursday, June 26, 2025 |
| Basis of Allotment | Friday, June 27, 2025 |
| Refunds Initiation | Monday, June 30, 2025 |
| Credit to Demat Account | Monday, June 30, 2025 |
| IPO Listing Date | Tuesday, July 1, 2025 |
HDB Financial IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
HDB Financial Services Limited Promotors Holding
| Share Holding Pre Issue | 94.32% |
| Share Holding Post Issue | 74.19% |
Objects of the Issue
- To strengthen Tier-I capital for future needs, including onward lending in Enterprise Lending, Asset Finance, and Consumer Finance.
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Bajaj Finance Limited | 236.89 | 29.8 | 22.05% | 1239.0 | 54,969.49 Cr. |
| Sundaram Finance Limited | 130.31 | 36.2 | 17.55% | 997.1 | 7,267.12 Cr. |
| L&T Finance Limited | 9.34 | 15.5 | 10.31% | 94.2 | 13,580.58 Cr. |
| Mahindra & Mahindra Financial Services Limited | 15.66 | 17.8 | 10.10% | 161.3 | 15,796.85 Cr. |
| Cholamandalam Investment and Finance Company Limited | 41.17 | 31.5 | 20.15% | 233.1 | 19,139.62 Cr. |
| Shriram Finance Limited | 196.32 | 16.7 | 16.00% | 1302.5 | 36,379.52 Cr. |
HDB Financial IPO Review
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HDB Financial Services IPO Financial Performance
| Period Ended | Assets | Revenue | PAT | Net Worth | Reserves & Surplus | Total Borrowings |
|---|---|---|---|---|---|---|
| 30 Sep 2024 | 1,01,960.35 | 7,890.63 | 1,172.70 | 14,879.33 | 14,085.37 | 82,681.10 |
| 31 Mar 2024 | 92,556.51 | 14,171.12 | 2,460.84 | 13,742.71 | 12,949.63 | 74,330.67 |
| 30 Sep 2023 | 78,463.83 | 6,902.47 | 1,167.73 | 12,527.04 | 11,735.39 | 61,891.60 |
| 31 Mar 2023 | 70,050.39 | 12,402.88 | 1,959.35 | 11,436.97 | 10,645.57 | 54,865.31 |
| 31 Mar 2022 | 62,025.94 | 11,306.29 | 1,011.40 | 9,539.73 | 8,749.29 | 48,973.08 |
HDB Financial Services IPO Valuation – FY2024
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 19.55% |
| Return on Net Worth (RoNW) | 19.55% |
| Earnings Per Share (EPS) | ₹31.08 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Net Asset Value (NAV) | ₹173.30 |
| ROCE | [To be updated] |
| EBITDA Margin | [To be updated] |
| PAT Margin | [To be updated] |
| Debt to Equity Ratio | [To be updated] |
HDB Financial IPO Registrar
MUFG Intime India Private Limited
Phone: +91 810 811 4949
E-mail: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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Company Address
HDB Financial Services Limited
HDB House, Tukaram
Sandam Marg, ASubhash Road,
Vile Parle (East),
Mumbai – 400057,
Maharashtra, India
Phone: +91 22 4911 6350
E-mail: [email protected]
Website: www.hdbfs.com
HDB Financial IPO FAQs
What are the HDB Financial IPO open and close dates?
The IPO is scheduled to open on June 24, 2025 and will close on June 26, 2025.
What is the price band for HDB Financial IPO?
The price band is expected to be in the range of ₹750 to ₹800 per share (tentative).
What is the total issue size of the HDB Financial IPO?
The IPO size is around ₹12,500 crores, which includes a fresh issue of ₹2,500 crores and an offer for sale of ₹10,000 crores.
When will HDB Financial IPO shares be listed?
The listing is likely to happen on July 1, 2025 on BSE and NSE.
Who is the promoter of HDB Financial Services Limited?
HDFC Bank Limited is the promoter of HDB Financial Services.