HDB Financial Services
Incorporated in 2007, HDB Financial Services Limited is a retail-focused, non-banking financial company.
The company also offer business process outsourcing (“BPO”) services such as back-office support services, collection and sales support services to our Promoter as well as fee-based products such as distribution of insurance products primarily to the lending customers.
HDB Financial Services Limited’s omni-channel “phygital” distribution model combines a large branch network, in-house tele-calling teams and various external distribution networks and channel partners.
The company belongs to HDFC group and is the seventh largest leading and diversified NBFC.
• It posted steady growth in its total revenues for reported periods.
• It marked set-back in its bottom lines for FY25 following volatility in interest rates.
• Based on its recent financial data, the issue appears fully priced.
• Considering rewards from HDFC groups earlier two primary offerings, investors may park funds for short to long term.
HDB Financial IPO Details
| IPO Date | June 25, 2025 to June 27, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹700 to ₹740 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 16,89,18,919 shares (aggregating up to ₹12,500.00 Cr) |
| Fresh Issue | 3,37,83,784 shares (aggregating up to ₹2,500.00 Cr) |
| Offer for Sale | 13,51,35,135 shares of ₹10 (aggregating up to ₹10,000.00 Cr) |
| Net Offered to Public | 16,89,18,919 shares (aggregating up to ₹12,500.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 79,39,63,540 shares |
| Share Holding Post Issue | 82,77,47,324 shares |
HDB Financial IPO 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 |
| S-HNI (Min) | 14 | 280 | ₹2,07,200 |
| S-HNI (Max) | 67 | 1,340 | ₹9,91,600 |
| B-HNI (Min) | 68 | 1,360 | ₹10,06,400 |
HDB Financial IPO Promoter Holding
HDFC Bank Limited is the promoter of the company .
| Share Holding Pre Issue | 94.32% |
| Share Holding Post Issue | 74.19% |
Company Financials
HDB Financial Services Limited Financial Information (Restated Consolidated)
HDB Financial Services Limited’s revenue increased by 15% and profit after tax (PAT) dropped by 12% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,08,663.29 | 92,556.51 | 70,050.39 |
| Revenue | 16,300.28 | 14,171.12 | 12,402.88 |
| Profit After Tax | 2,175.92 | 2,460.84 | 1,959.35 |
| EBITDA | 9,512.37 | 8,314.13 | 6,251.16 |
| Net Worth | 14,936.50 | 12,802.76 | 10,436.09 |
| Reserves and Surplus | 15,023.97 | 12,949.63 | 10,645.57 |
| Total Borrowing | 87,397.77 | 74,330.67 | 54,865.31 |