HDB Financial Services Limited (Mainboard)
June 25, 2025 – June 27, 2025
| Price | ₹700 - ₹740 |
| Premium | ₹91 |
|---|---|
| Lot size | 20 |
| Allotment | Jun 30, 2025 |
| Listing | Jul 2, 2025 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 20 | 14800 | 2655743 |
| sHNI | 14 | 280 | 207200 | 27099 |
| bHNI | 68 | 1360 | 1006400 | 54199 |
IPO Details
| Total Issue Size | 16,89,18,919 shares (aggregating up to 12,500.00 Cr) |
| Fresh Issue | 33,783,784 shares (aggregating up to 2,500.00 Cr) |
| Offer for Sale | 135,135,135 shares of 10 (aggregating up to 10,000.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 79,39,63,540 share |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Share Holder's Quota | 1250 Crores (8,44,594 Lots) |
Key Performance Indicators
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 14.72% | 19.55% | 18.68% |
| D/E | 5.85 | 5.81 | 5.26 |
| EPS (basic) | 27.3 | 31 | 24.8 |
Financial Details In Crores
| Period Ended | Mar-25 | Mar-24 | Sep-23 | Mar-23 |
|---|---|---|---|---|
| Assets | 108,663 | 92,557 | 78,464 | 70,050 |
| Revenue | 16,300 | 14,171 | 6,902 | 12,403 |
| Profit After Tax | 2,176 | 2,461 | 1,168 | 1,959 |
| Net Worth | 14,936 | 13,743 | 12,527 | 11,437 |
| Total Borrowing | 87,398 | 74,331 | 61,892 | 54,865 |
About Company
Incorporated: 2007
HDB Financial Services Limited is a retail-focused Non-Banking Financial Company (NBFC).
Key Business Segments :The company operates through three main verticals: Enterprise Lending, Asset Finance, and Consumer Finance.
Additional Services: It also provides Business Process Outsourcing (BPO) services including back-office, collection, and sales support functions, primarily for its Promoter. Additionally, it offers fee-based products such as insurance distribution to its lending customers.
Distribution Model: HDB follows an omni-channel “phygital” distribution model, combining a large branch network, in-house tele-calling teams, and external distribution partners.
Branch & Distribution Network (as of September 30, 2024): The company had 1,772 branches across 1,162 towns in 31 States and Union Territories. Over 80% of these branches are located outside the top 20 cities in India.
Channel Partnerships: It has tie-ups with over 80 brands and original equipment manufacturers (OEMs), and a widespread external distribution network comprising over 140,000 retailers and dealer touchpoints.
Strength
Strong Promoter Lineage: Backed by HDFC Bank, ensuring brand credibility and funding access.
Diversified Loan Portfolio: Retail and MSME focus helps mitigate sector-specific risks.
Efficient Cost Structure: Among the lowest cost of borrowings in the NBFC sector.
Weakness
High Promoter Dependency: Substantial pre-IPO stake held by HDFC Bank; dilution post-IPO is unclear.
Credit Risk Exposure: Exposure to unsecured and SME lending may lead to NPAs if not managed well.
Economic Sensitivity: Business highly sensitive to interest rate changes and macroeconomic downturns.
Lead Manager(s)
- 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
- Jm Financial 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
Address
HDB Financial Services Limited
Radhika, 2nd Floor, Law Garden Road
Navrangpura
Gujarat, India
Ahmedabad, Gujarat
Phone: +91 22 4911 6350
Email: investorcommunications@hdbfs.com
Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083