HDB Financial IPO - Details
HDB Financial Services is expected to launch its Initial Public Offering (IPO) on June 24, 2025, with the issue closing on June 26, 2025. This will be a Book Built Issue, aiming to raise approximately ₹12,500 crores. The IPO will consist of a fresh issue worth ₹2,500 crores, while the remaining will be an offer for sale (OFS) of equity shares, each having a face value of ₹10.
The price band for the issue is likely to be set between ₹750 and ₹800 per share. The reservation for different investor categories includes 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for high net-worth individuals (HNIs). The equity shares are proposed to be listed on both the BSE and NSE, with a tentative listing date of July 1, 2025. The IPO allotment is expected on June 27, 2025.
From a financial perspective, HDB Financial reported a strong performance in FY24 with a revenue of ₹14,171.12 crores, up from ₹12,402.88 crores in FY23. Net profit also saw healthy growth, rising from ₹1,959.35 crores in FY23 to ₹2,460.84 crores in FY24.
HDB Financial IPO Market Lot Size
The minimum lot size for the HDB Financial IPO is [.] shares, requiring an initial investment of ₹[.]. Retail investors can place bids for up to 13 lots, which amounts to a total of [.] shares with an overall application cost of ₹[.].
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | – | ₹- |
Retail Maximum | 13 | – | ₹- |
S-HNI Minimum | 14 | – | ₹- |
B-HNI Minimum | 68 | – | ₹- |
HDB Financial IPO Details
IPO Open Date: | June 24, 2025 (Tentative) |
IPO Close Date: | June 26, 2025 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹750 to ₹800 Per Share (Tentative) |
Issue Size: | Approx 12,500 Crores |
Fresh Issue: | Approx ₹2,500 Crores |
Offer for Sale: | Approx ₹10,000 Crores, [.] Equity Shares |
Issue Type: | Book Built Issue |
IPO Listing: | BSE & NSE |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
HDB Financial IPO Valuation – FY2024 (KPI)
key valuation metrics of the HDB Financial IPO, including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) for a better understanding of the company’s financial standing.
KPI | Values |
ROE: | 19.55% |
ROCE: | [.]% |
EBITDA Margin: | [.]% |
PAT Margin: | [.]% |
Debt to equity ratio: | [.] |
Earning Per Share (EPS): | ₹31.08 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 19.55% |
Net Asset Value (NAV): | ₹173.3 |
HDB Financial IPO Company Financial Report
In the financial year 2024, the company recorded a revenue of ₹14,171.12 crores, showing an increase from ₹12,402.88 crores in 2023. Net profit also rose to ₹2,460.84 crores in 2024, compared to ₹1,959.35 crores in the previous year.
(Figures in ₹ crores)
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹11,306.29 | ₹9,958.73 | ₹1,011.40 | ₹62,025.94 |
2023 | ₹12,402.88 | ₹9,775.48 | ₹1,959.35 | ₹70,050.39 |
2024 | ₹14,171.12 | ₹10,866.45 | ₹2,460.84 | ₹92,556.51 |
September 2024 | ₹7,890.63 | ₹6,307.83 | ₹1,172.70 | ₹1,01,960.35 |
HDB Financial IPO Dates
The HDB Financial IPO is scheduled to open on June 24 and will close on June 26. Share allotment is expected to be finalized on June 27, with the company’s listing anticipated on the stock exchanges by July 1.
IPO Open Date: | June 24, 2025 |
IPO Close Date: | June 26, 2025 |
Basis of Allotment: | June 27, 2025 |
Refunds: | June 30, 2025 |
Credit to Demat Account: | June 30, 2025 |
IPO Listing Date: | July 1, 2025 |
Promoters of HDB Financial IPO
The promoters of the company is HDFC Bank Limited.
About HDB Financial IPO
Founded in 2007, HDB Financial Services has emerged as a leading, retail-focused Upper-Layer NBFC (Non-Banking Financial Company) in India. The company offers a broad and balanced portfolio of lending solutions across three core segments: Enterprise Lending, Asset Finance, and Consumer Finance. It primarily serves salaried individuals, self-employed professionals, business owners, and entrepreneurs, with a strong focus on extending credit to underserved and underbanked segments—especially those from low- to middle-income households with limited or no credit history.
HDB Financial has built one of India’s fastest-growing customer bases, currently serving over 17.5 million customers. The company emphasizes efficient service delivery, a diverse product range, and technology-driven solutions to meet the varied needs of its clients. As of now, it operates through a vast network of 1,772 branches spread across 1,162 towns in 31 states and union territories across the country.
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. |
Objects of the Issue
Raise funds through fresh issue of ₹2,500 crores
Facilitate offer for sale by existing shareholders
Boost brand visibility and market presence
Provide liquidity to existing shareholders
Meet regulatory listing requirements (RBI norms)
Support business growth and expansion plans
Invest in technology and customer reach
Merchant Bankers
- JM Financial Limited
- BNP Paribas
- BofA Securities India Limited
- Goldman Sachs (India) Securities Private Limited
- HSBC Securities and Capital Markets (India) Private Limited
- IIFL Securities Limited
- Jefferies India Private Limited
- Morgan Stanley India Company Private Limited
- Motilal Oswal Investment Advisors Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- Nuvama Wealth Management Limited
- UBS Securities India Private Limited
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 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
Check Grey market premium at below
(GMP)