HDB Financial Services IPO
HDB Financial Services IPO is listed on BSE and NSE, priced at ₹700–₹740 per share. The stock debuted at ₹835, delivering a listing gain of 12.8%. The IPO had a lot size of ₹20 shares and a minimum investment of ₹14,800.
HDB Financial Services Limited IPO
- IPO Dates
- Jun 25, 2025 – Jun 27, 2025
- Price band
- ₹700-740 per equity share
- Minimum Investment
- ₹14,800
- Issue size
- ₹12500 Cr
- Lot size
- 20
- Allotment Date
- Jun 30, 2025
- Listing
- Jul 2, 2025
- Listing At
- BSE, NSE
IPO timeline
-
Jun 25, 2025
Open Date
Completed
-
Jun 27, 2025
Close Date
Completed
-
Jun 30, 2025
Allotment Date
Completed
-
Jul 2, 2025
Listing Date
Completed
Price Summary
- Last closing
- 674.00 (-8.92%)
- 52 week high
- 891.90
- 52 week low
- 555.30
- Last update
HDB Financial Services IPO Essentials
HDB Financial Services IPO Details
HDB Financial Services IPO is priced at ₹700-740 per share with a total issue size of 12500 crore. The IPO has a lot size of 20 shares and is listed on BSE and NSE.
- Issue price
- ₹700-740 per equity share
- Lot size
- 20 shares
- Face value
- ₹10 Per Equity Share
- 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) - Total issue size
- 16,89,18,918 shares
(aggregating up to ₹12500 crore) - Fresh issue
- 3,37,83,784 shares
(aggregating up to ₹2500 crore) - Offer for sale (OFS)
- 13,51,35,135 shares
(aggregating up to ₹10000 crore) - Listing at
- BSE, NSE
- List price
- 835.0(NSE)
- Listing date
- Registrar
- MUFG Intime India Private Limited (Link Intime)
- 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
Market Lot Size
Investors can bid for a minimum of 20 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹14,800 |
| Retail(max) | 13 | 260 | ₹1,92,400 |
| sHNI(min) | 14 | 280 | ₹2,07,200 |
| sHNI(max) | 67 | 1,340 | ₹9,91,600 |
| sHNI(min) | 68 | 1,360 | ₹10,06,400 |
HDB Financial Services IPO Analytics
HDB Financial Services IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
HDB Financial Services IPO Subscription Status
HDB Financial Services IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
0.76x
0.79x
0.70x
|
0.30 x | 0.37 x |
|
Day 2
26-06-25 05:00 PM
|
0.90 x |
2.27x
2.42x
1.96x
|
0.64 x | 1.15 x |
|
Day 3
27-06-25 05:00 PM
|
55.47 x |
9.99x
11.77x
6.42x
|
1.41 x | 16.69 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 33,23,887 (Approx) | 2.22x | 6.23x | 1x |
HDB Financial Services Valuations
Earnings
- EPS Pre IPO
- ₹27.41/-
- EPS Post IPO
- ₹26.29/-
- P/E Pre IPO
- 27.0
- P/E Post IPO
- 28.15
Returns
- ROE
- 14.72%
Fundamentals
- Debt / Equity
- 5.85
- Price / Book
- 3.72
HDB Financial Services Financials( In Crs.)
| 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 |
HDB Financial Services Company & Offer Insights
About HDB Financial Services
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.
HDB Financial Services Promoter(s)
HDFC Bank Limited are the company's promoters of HDB Financial Services.
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.
HDB Financial Services IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| 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 |
Contact Information
Contact Details
HDB Financial Services
+91 22 4911 6350
investorcommunications@hdbfs.com
Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad – 380 009, Gujarat, India
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
HDB Financial Services IPO is a book-built IPO worth ₹12500 crore. The price band is ₹700–₹740 per share. The IPO opens on Jun 25, 2025 and closes on Jun 27, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited (Link Intime) is the registrar.
The price band of HDB Financial Services IPO is ₹700 to ₹740 per share.
The lot size of HDB Financial Services IPO is 20 shares.
The minimum investment for HDB Financial Services IPO is approximately ₹14,800 based on the upper price band .
HDB Financial Services IPO opens on Jun 25, 2025 and closes on Jun 27, 2025.
The allotment date of HDB Financial Services IPO is Jun 30, 2025.
HDB Financial Services IPO is expected to be listed on Jul 2, 2025, on BSE and NSE .
HDB Financial Services IPO listed on Jul 2, 2025. It was issued at ₹835.0(NSE) and is currently around ₹674.00 as on 15-May-2026 3:30 PM, which is approximately -8.9% versus issue price. The 52-week high is ₹891.90.
Based on listing and post-listing performance, HDB Financial Services IPO delivered around -8.9% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy HDB Financial Services IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
HDB Financial Services IPO valuation snapshot: P/E 28.15, EPS ₹26.29/-, P/B 3.72, RoNW %, and market cap N/A.
To apply for HDB Financial Services IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of HDB Financial Services IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for HDB Financial Services IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check HDB Financial Services IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the HDB Financial Services IPO allotment status on IPO Ji for quick and easy access.