HDB Financial Services Limited IPO
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.
Price Band₹700 - ₹740 |
Dates25 Jun - 27 Jun |
GMP₹57 (7.70%) |
Subscriptions- |
Issue Size₹12,500.00 Crs |
HDB Financial Services IPO Objects
- To strengthen our Tier-I capital to support future needs, including lending across our business areas Enterprise Lending, Asset Finance, and Consumer Finance
HDB Financial Services IPO Details
Price Band₹700 - ₹740 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹2,500.00 Cr (3.38 Cr Shares) |
Offer For Sale₹10,000.00 Cr (13.51 Cr Shares) |
Total Issue₹12,500.00 Cr (16.89 Cr Shares) |
Face Value₹10 per equity share |
HDB Financial Services IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
20
14,800
Maximum
13
260
1,92,400
|
|||
| Small HNI |
Minimum
14
280
2,07,200
Maximum
67
1,340
9,91,600
|
|||
| Big HNI |
Minimum
68
1,360
10,06,400
|
|||
HDB Financial Services IPO GMP
The estimated Grey Market Premium of HDB Financial Services IPO is ₹57 per share (7.70%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Employee | Rs. 20 Cr |
| Shareholder | Rs. 1,250 Cr |
HDB Financial Services IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | KPI |
|---|---|
| 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.
HDB Financial Services IPO Peer Comparision
| 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
HDB Financial Services IPO Peer Comparision
| Particulars | HDB Fin |
|---|---|
| Revenue from Ops (in Crs.) | 16,300.28 |
| PAT (In Crs.) | 2,175.92 |
| EPS - Basic | 27.40 |
| NAV per share | 198.80 |
| RONW | 14.72% |
| Net Interest Margin | 7.56% |
| GNPA | 2.26% |
| NNPA | 0.99% |
| PE Ratio | 27.01 |
| PB Ratio | 3.72 |
| Bajaj Fin | Sundaram Fin | L&T Fin | M&M Fin | Cholamandalam | Shriram Fin |
|---|---|---|---|---|---|
| 69,683.51 | 8,485.63 | 15,924.24 | 18,463.10 | 25,845.98 | 41,834.42 |
| 16,661.50 | 1,542.65 | 2,617.81 | 2,345.04 | 4,258.53 | 9,761.00 |
| 26.89 | 170.53 | 10.61 | 18.32 | 50.72 | 50.82 |
| 155.60 | 1,187.80 | 102.50 | 154.90 | 281.50 | 300.30 |
| 19.35% | 15.48% | 10.79% | 10.91% | 19.71% | 18.17% |
| 8.25% | 5.26% | 9.45% | 6.69% | 6.76% | 9.08% |
| 1.18% | 1.44% | 3.29% | 3.69% | 2.81% | 4.55% |
| 0.56% | 0.75% | 0.97% | 1.84% | 1.56% | 2.64% |
| 34.30 | 28.10 | 17.90 | 14.50 | 31.40 | 13.00 |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| HDFC Bank Limited | 94.04% |
| Others | 0.28% |
| Total | 94.32% |
Management Details
| Name | Designation |
|---|---|
| Ramesh Ganesan | MD & CEO |
| Jaykumar Shah | CFO |
Company Details
Name: HDB Financial Services Limited
Address: Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad – 380 009, Gujarat, India
Number: +91 22 4911 6350
Email: investorcommunications@hdbfs.com
Website: www.hdbfs.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
HDB Financial Services IPO is a Mainboard IPO having an issue size of Rs. ₹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.
HDB Financial Services IPO opens on 25 Jun 25 and closes on 27 Jun 25.
The estimated Grey Market Premium of HDB Financial Services IPO is ₹57 per share (7.70%).
The minimum lot size of HDB Financial Services IPO is 20 shares & the minimum application amount is Rs. 14800.
The allotment date of HDB Financial Services IPO is 30 Jun 25.
The listing date of HDB Financial Services IPO is 02 Jul 25.
HDB Financial Services IPO is subscribed -.
HDB Financial Services IPO is priced at ₹700 - ₹740 per share.
Click the allotment link on HDB Financial Services IPO page of IPO360.
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select HDB Financial Services IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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