HDB Financial Services Limited IPO

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Listed On: Jul 2, 2025 at ₹ 835.0(NSE)

₹ 14800 /20 Shares

Check Allotment

HDB Financial Services IPO Details

25 Jun, 2025

Open Date

27 Jun, 2025

Close Date

30 Jun, 2025

Allotment Date

02 Jul, 2025

Listing Date

Issue Price

₹700-740 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

MUFG Intime India Private Limited (Link Intime)

List Price

835.0(NSE)

Listing Date

2025-07-02

Market Lot

Retail : 20 Shares (₹14,800/-)
S-HNI : 280 Shares (₹2,07,200/-)
B-HNI : 1,360 Shares (₹10,06,400/-)

Lead Manager

Jm Financial Limited
Bnp Paribas
Bofa Securities India Limited
Goldman Sachs (India) Securities Private Limited
Hsbc Securities & Capital Markets Pvt Ltd
Iifl Securities Ltd
Jefferies India Private Limited
Morgan Stanley India Company Pvt Ltd
Motilal Oswal Investment Advisors Limited
Nomura Financial Advisory And Securities (India) Pvt Ltd
Nuvama Wealth Management Limited
Ubs Securities India Private Limited

Issue Size

Total 12,500 Cr :
#Fresh Issue : 3,37,83,784 shares(aggregating up to ₹2,500.00 Cr) +
#OFS : 13,51,35,135 shares of ₹10(aggregating up to ₹10,000.00 Cr)

Retail Portion

35% (Number of Retail Applications: 26,55,743 Approx),
(Number of S-HNI Applications : 27,099 Approx),
(Number of B-HNI Applications : 54,198 Approx),
(Number of Shareholder Applications : 8,44,594 Approx)

Subscription

16.69 times

IPO Docs

DRHP RHP ANCHOR

HDB Financial Services IPO Details

HDB Financial Services IPO is a book-built issue of ₹12500 crores, The total issue size is ₹12500 crores. The IPO of HDB Financial Services is priced at ₹700-740 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jun 25, 2025 and ends on Jun 27, 2025. The allotment for HDB Financial Services IPO will be finalized on Jun 30, 2025. HDB Financial Services IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 2, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Private Limited (Link Intime) is the registrar of the issue.

Retail investors can bid for a minimum of 20 shares, extendable to 14,800. S-HNIs will be able to bid for 280 shares at ₹2,07,200, while B-HNIs can also apply for a bid of 1,360 shares at ₹10,06,400. The book-running lead manager for the IPO is/are Jm Financial Limited , Bnp Paribas , Bofa Securities India Limited , Goldman Sachs (India) Securities Private Limited , Hsbc Securities & Capital Markets Pvt Ltd , IIFL Capital Services Limited , Jefferies India Private Limited , Morgan Stanley India Company Pvt Ltd , Motilal Oswal Investment Advisors Limited , Nomura Financial Advisory And Securities (India) Pvt Ltd , Nuvama Wealth Management Limited , Ubs Securities India Private Limited .

The total issue ₹12500 crore, comprising a fresh issue of 3,37,83,784 shares ₹2500 crore and an Offer for Sale (OFS) of 13,51,35,135 shares to mop up ₹10000 crore.

The HDB Financial Services IPO sets its price band at 700-740 for each share. A single application for HDB Financial Services Limited IPO must contain at least 20 shares. Sentiment investors need to invest a minimum of 20 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,800 In order to participate in the sNII, investors must purchase at least 14 lots of 280 shares for ₹2,07,200, while the bNII requires 68 lots of 1,360 shares for an investment of ₹10,06,400.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	3,03,51,352	2,27,63,514 1,51,75,676 75,87,838	5,31,14,865	12,33,91,893
Day 1 - 25-06-25 05:00 PM	0.01 x	0.76 0.79 x 0.70 x	0.30 x	0.37 x
Day 2 - 26-06-25 05:00 PM	0.90 x	2.27 2.42 x 1.96 x	0.64 x	1.15 x
Day 3 - 27-06-25 05:00 PM	55.47 x	9.99 11.77 x 6.42 x	1.41 x	16.69 x

Total No. of Applications: 33,23,887 (Approx)

Retail Subscription on the basis of Applications: Retail:1x BHNI:2.22x SHNI:6.23x times

HDB Financial Services Valuations

EPS Pre IPO

₹27.41/-

EPS Post IPO

₹26.29/-

P/E Pre IPO

27.0

P/E Post IPO

28.15

ROE

14.72%

ROCE

Debt/Equity

5.85

RoNW

PAT Margin

Price to Book Value

3.72

HDB Financial Services Company Financials All values are in ₹ Cr.

	31-Mar-25	31-Mar-24	31-Mar-23	31-Mar-22
Assets	1,08,663.29	92,556.51	70,050.39	62,025.94
Revenue	16,300.28	14,171.12	12,402.88	11,306.29
Profit After Tax	2,175.92	2,460.84	1,959.35	1,011.4
Net Worth	14,936.50	13,742.71	11,436.97	9,539.73
Reserves & Surplus	15,023.97	12,949.63	10,645.57	8,749.29
Total Borrowing	87,397.77	74,330.67	54,865.31	48,973.08

About The Company

In 2007, HDB Financial Services Limited, a retail-focused NBFC, was created to give individuals and companies across India various financial solutions. The company offers credit products in three main areas: Enterprise Lending, Asset Finance, and Consumer Finance, to a broad variety of customers.

As well as lending services, HDB Financial Services supplies business process outsourcing (BPO) services. Back in 2019, the company provided back-office support, collections, and sales support mainly for its Promoter platform and earned additional income by distributing insurance to its lending customers.

The company makes use of an omnichannel phygital strategy by integrating online and offline sales. As a result of the strong branch system, internal teams, and relations with outside distribution, the company can successfully serve its customers who live in both towns and villages.

By September 30, 2024, HDB Financial Services provided services in 31 states and Union Territories through a countrywide network of 1,772 branches across 1,162 towns, with most of the branches situated outside the leading 20 cities across India. The company also benefits from working with more than 80 brands and original equipment manufacturers (OEMs) as well as a worldwide network of more than 140,000 retailers and dealer areas.

The company remains a leading NBFC by promoting innovation, serving its customers well, and forming a distribution strategy that helps both rural and urban areas in India.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
HDB Financial	N/A	N/A	N/A	16,300
Bajaj Finance	5.90	34.30	N/A	69,683
Sundaram Finance	4.00	28.10	N/A	8,485
L&T Finance	1.80	17.90	N/A	15,924
Mahindra & Mahindra Finance	1.70	14.50	N/A	18,463
Cholamandalam Investment	5.60	31.40	N/A	25,845
Shriram Finance	2.20	13.00	N/A	41,834

HDB Financial Services - Promoter(s)

Pre Issue Share Holding: 94.32%

Post Issue Share Holding: 74.19%

Company Promoter(s)

HDFC Bank Limited

HDB Financial Services IPO - Issue Objectives

Augmentation of the Company’s Tier – I Capital base to meet their Company’s future capital requirements including onward lending under any of the Company’s business verticals i.e. Enterprise Lending, Asset Finance and Consumer Finance.

HDB Financial Services IPO - Anchor Investors

HDB Financial raises Rs 3,369 crore from 141 anchor investors ahead of IPO.

The list includes the likes of ICICI Prudential Banking and Financial Services Fund, SBI Flexi Cap Fund, Baillie Gifford Pacific Fund A Sub Fund of Baillie Gifford Overseas Growth Funds ICVC, Government Pension Fund Global, Goldman Sachs Funds- Goldman Sachs India Equity Portfolio, Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Equity Savings Fund, Kotak ELSS Tax Saver Fund, Fidelity Investment Trust Fidelity Emerging Asia Fund, several among others.

Other Details

Company Contact Details

HDB Financial Services

Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad – 380 009, Gujarat, India

Phone: +91 22 4911 6350

Email: investorcommunications@hdbfs.com

Website: http://hdbfs.com/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

Phone: +91-22-4918 6270

Email: hdbfinancial.ipo@linkintime.co.in

Website: https://linkintime.co.in/Initial_Offer/public-issues.html

HDB Financial Services IPO - FAQs

Ans. HDB Financial Services Limited IPO is a Mainboard IPO. The issue is priced at ₹700-740 per equity share. The minimum order quantity is 20 Shares. The IPO opens on Jun 25, 2025, and closes on Jun 27, 2025. MUFG Intime India Private Limited (Link Intime) is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The HDB Financial Services Limited IPO opens on Jun 25, 2025 and closes on Jun 27, 2025.

Ans. The size of HDB Financial Services Limited IPO is Total 12,500 Cr : #Fresh Issue : 3,37,83,784 shares(aggregating up to ₹2,500.00 Cr) + #OFS : 13,51,35,135 shares of ₹10(aggregating up to ₹10,000.00 Cr).

Ans. The IPO price band is set between ₹700-740 per equity share.

Ans. To apply for HDB Financial Services Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find HDB Financial Services Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of HDB Financial Services Limited IPO is Jun 30, 2025.

Ans. The HDB Financial Services Limited IPO will be listed on Jul 2, 2025.

Ans. Follow the steps to check the allotment status for HDB Financial Services Limited IPO here.

HDB Financial Services Limited IPO

HDB Financial Services IPO Details

HDB Financial Services IPO Subscription Details

HDB Financial Services Valuations

HDB Financial Services Company Financials All values are in ₹ Cr.

About The Company

HDB Financial Services - Peers Comparison

HDB Financial Services - Promoter(s)

HDB Financial Services IPO - Issue Objectives

HDB Financial Services IPO - Anchor Investors

Other Details

HDB Financial Services IPO - FAQs