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IPO Analysis > 93

HDB Financial IPO: Is This the Next Big Listing to Watch?


Over the years, NBFCs have helped bridge the credit gap for individuals and businesses. By managing less than ₹2 trillion in assets in the early 2000s, they have expanded rapidly to reach around ₹41 trillion in AUM by the end of FY24


HDB Financial Services has been in the lending business for a long time and it’s getting ready to launch its IPO. It is expected to be one of the biggest IPOs in the NBFC space.


The lead managers for this IPO are JM Financial Limited, BNP Paridas, Morgan Stanley Private Limited, and more. The registrar is Link Intime India Private Limited. 

For more information, refer to the HDB Financial Services IPO DRHP.

Note: For 50% of the shares, the anchor lock-in period expires 30 days following the actual allocation, and for the remaining part, it ends 90 days later.

HDB Financial IPO: Company Profile


HDB Financial Services is one of the top retail-focused NBFCs in India, known for its wide range of services and strong loan book. Here are more details about the HDB Financial IPO Pvt Ltd


Particulars

Details

Established 

2007

Registered Office 

Navrangpura, Ahmedabad 

Number of Customers

17.5 Million

Managing Director 

Mr. Ramesh Ganesan

Competitors 

L&T Finance Holdings, Bajaj Finance, and Shriram Finance

Products 

Asset Finance, Enterprise Lending, and Consumer Finance

Parent Company

HDFC Bank

Non-Executive Director

Mr. Jimmy Tata


Key HDB Financial IPO Details That Can Make Or Break Your Decision

Let's explore information related to HDB Financial IPO date, issue size, objectives of the offer, and many more. 

Here’s a breakdown of the key dates to help you stay on track HDB Financial Services IPO share price and apply on time.


Particulars

Description

Offer opening date 

25 June 2025

Offer closing date 

27 June 2025

UPI deadline

5 PM on 27 June 2025

Allotment

28 June 2025

Refund

1 July 2025

Share credit

1 July 2025

Listing date

1 July 2025

Mandate end date

12 July 2025

The HDB Financial IPO review is now easier to understand with the issue size officially out.

Particulars

Number of Equity Shares

Aggregate Value

Fresh Issue 

Not Disclosed 

₹ 25,000.0 million

Offer for Sale

Not Disclosed 

₹ 100,000.0 million

Overall Issue 

Not Disclosed 

₹ 125,000.0 million


Let’s see how the funds from the HDB Financial IPO could support its future growth.


Objective

Estimated Amount (₹ Cr)

Share of Total (%)

Strengthening core capital reserves to support future funding needs

2,500.00

100%



Here’s what investors need to know about the HDB Financial IPO.


Particulars

Description

Listed at 

NSE and BSE

Face value of each share 

₹ 10

Price Range 

Not Disclosed 


Investor categories have different bidding rules. Here’s a simple breakdown in this HDB Financial IPO review.

Category

Details

QIB Portion

Not Disclosed

Non-Institutional Portion

Not Disclosed

₹2L–₹10L applicants (1/3rd of Non-Institutional portion)

Not Disclosed

Above ₹10L applicants (2/3rd of Non-Institutional portion)

Not Disclosed

Retail Portion

Not Disclosed

Equity Shares Pre-Offer

793,963,540 shares


Still don’t have a demat account? Set one up soon through a trusted broker to stay updated with the latest IPOs.

But before applying, make sure to check the HDB Financial Services IPO GMP.

HDB Financial IPO details: Key Financials


One must know the company’s key financial details to understand how it's growing. Below is the information taken from the HDB Financial Services IPO DRHP


Particulars

30 Sep, 2024 (₹ in millions)

30 Sep, 2023

(₹ in millions)

FY 2024

(₹ in millions)

Total Income

1,041,877.00

34,956.60

73,572.50

Credit Cost

118,434.60

5,430.50

10,673.90

Profit After Tax (PAT)

11,727.00

11,677.30

24,608.40

Gross Stage 1 and 2 Loans

965,515.00

760,042.00

885,061.10

Gross Stage 3 Loans

20,727.10

18,524.40

17,118.20

Total Equity

148,793.30

125,270.40

137,427.10

Total Borrowings

826,811.00

618,916.00

743,306.70


Key Financial Ratios & Metrics


Particulars

30 Sep, 2024

30 Sep, 2023

FY 2024

PAT Growth YoY (%)

0.43%

27.98%

25.59%

EPS (INR)

14.78

14.75

31.08

Average Yield (%)

14.18%

14.18%

13.92%

Cost of Borrowings (%)

7.88%

7.65%

7.53%

Cost to Income Ratio (%)

42.96%

42.16%

42.72%

Operating Expense Ratio (%)

3.81%

3.99%

3.92%

Provision Coverage Ratio (%)

60.69%

67.83%

66.82%

Return on Equity (%)

16.39%

19.49%

19.55%

Return on Assets (%)

2.41%

3.15%

3.03%

Debt-to-Equity Ratio

5.93

5.41

5.81


Know Risks and Rewards Before You Apply

For more HDB Financial IPO details, you should know the company’s strengths and risks.


Strengths



Risks


Final Call: Should You Apply Before the Window Closes?

HDB Financial is all set to hit the markets with its IPO. The company has been in the lending space for years. The market is still waiting for the HDB Financial Services IPO share price


Want to know more about the HDB Financial Services IPO GMP? You must check it out from here before subscribing to this. 


Apply for the HDB Financial IPO today!