HDB Financial Services Ltd IPO

HDB Financial Services Ltd IPO

Finance

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Bidding period

25 Jun 2025 - 27 Jun 2025

Bid price

₹740.00 - ₹740.00

Listing on

BSE, NSE

Listing date

02 Jul 2025

Lot size

20 shares

Issue size

₹12,500.00 crore


Minimum investment

₹14,800.00 / 1 lot

Maximum investment

₹1,92,400.00 / 13 lot

Bidding closed on 27 Jun 2025

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HDB Financial Services Ltd IPO dates

IPO opening date

25 Jun 2025

IPO end date

27 Jun 2025

Allotment date

30 Jun 2025

Initiation of refunds

01 Jul 2025

Credit of shares to demat

01 Jul 2025

IPO listing date

02 Jul 2025

HDB Financial Services Ltd IPO financials

Particulars

For the period ending in March 2025 (in ₹ million)

Total assets ₹1,08,663.29
Total liabilities ₹1,08,663.29
Total expenditure ₹13,372.48
Total revenue ₹16,300.28
Profit after tax ₹2,175.92
EBITDA ₹9,512.37
Adjusted EBITDA ₹0.00

HDB Financial Services Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 94.04 74.35
Public group 5.96 25.65

HDB Financial Services Ltd strengths and risks

Information currently unavailable

  • Highly granular retail loan book, bolstered by a large and rapidly growing customer base with a focus on serving the underbanked customer segments.

  • Large, diversified and seasoned product portfolio with a sustainable track record of diversification, growth and profitability through the cycles.

  • Tailored sourcing supported by an omni-channel and digitally powered pan-India distribution network.

  • Comprehensive systems and processes contributing to robust credit underwriting and strong collections.

  • Advanced technology tools driving enhanced customer experience and efficiency across each stage of the customer lifecycle.

  • High-quality liability franchise with access to low cost, diversified borrowing sources and the highest credit rating.

  • Track record of robust financial performance with sustainable and profitable growth.

  • Stable, highly experienced and professional management team supported by a talented workforce.

  • Distinguished parentage of HDFC Bank, India's largest private bank, enjoying strong trust and brand equity with consumers.

  • Its Promoter may be required to significantly reduce its ownership in the Company, i.e., to less than 20% (or any such higher percentage with prior RBI approval) on account of overlapping business with its Promoter and one of the members of its Promoter Group if the draft circular issued by the RBI on October 4, 2024 is implemented in its current form, which may have a material adverse impact on its business operations, financial position and share price.

  • Its Gross Stage 3 Loans amounted to 2.26% of Total Gross Loans as at March 31, 2025, which was an increase from 1.90% as at March 31, 2024. Non-payment or default by its customers, the company inability to provide adequate provisioning coverage for non-performing assets or change in regulatorily mandated provisioning requirements may adversely affect its financial condition and results of operations.

  • As at March 31, 2025, unsecured loans comprised 26.99% of its Total Gross Loans, which is a decrease from 28.66% as at March 31, 2024. The company unsecured loan portfolio is not supported by any collateral that could help ensure repayment of the loan, and in the event of non-payment by a borrower of one of these loans, its may be unable to collect the unpaid balance.

  • As at March 31, 2025, secured loans comprised 73.01% of its Total Gross Loans. The value of collateral for its secured loans may decrease or the company may experience delays in enforcing collateral, impacting its ability to fully recover the collateral value, thereby exposing it to potential loss that could adversely affect its business, results of operations, cash flows and financial condition.

  • Its may face asset-liability mismatches in the future, which may cause liquidity concerns and consequently affect its profitability, cash flows, business, results of operations and financial condition.

  • The Company, Promoter and Directors are involved in certain legal proceedings, including actions taken and penalties imposed by relevant regulatory authorities, and any adverse outcomes in such proceedings may have a material adverse effect on its reputation, business, results of operations, cash flows and financial conditions.

  • The company has incurred negative cash flows from operating, investing and financing activities in Fiscal 2023 and may continue to do so as the company invest in further expanding its distribution network in India.

  • The Offer consists of an offer for sale, the proceeds of which will not be available to the Company.

  • The company provide business process outsourcing ("BPO") services such as back office, sales support and collection services to its Promoter, HDFC Bank, and the profit before tax from BPO services was 2.44% of the total profit before tax of the Company as of March 31, 2025. Discontinuation of such services to HDFC Bank may adversely impact its business, results of operations and financial condition.

  • The company relies on the parentage of its Promoter. However, the interests of the Promoter as its controlling shareholder may conflict with the company interests or the interests of its other shareholders. Currently, the Company offers the same products as those offered by its Promoter and certain members of its Promoter Group, namely, HDFC Sales Private Limited and HDFC Securities Limited.

How to check the allotment status of the HDB Financial Services Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘HDB Financial Services Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘HDB Financial Services Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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HDB Financial Services Ltd IPO registrar

MUFG Intime India Pvt Ltd

Phone number +91 810 811 4949
E-mail ID hdbfinancial.ipo@linkintime.co.in
Website www.linkintime.co.in

HDB Financial Services Ltd IPO reservation

QIB shares offered

3,03,51,352 (17.97%)

NII (HNI) shares offered

2,27,63,512 (13.48%)

Retail shares offered

5,31,14,864 (31.44%)

Anchor investor shares offered

4,55,27,028 (26.95%)

Total shares offered

16,89,18,912

Total shares with anchor investor

16,89,18,912

HDB Financial Services Ltd IPO lead manager

  • JM Financial Ltd
  • BNP Paribas
  • BofA Securities India Ltd
  • Goldman Sachs (India) Securities Pvt Ltd
  • HSBC Securities & Capital Markets (India) Pvt Ltd
  • IIFL Securities Ltd
  • Jefferies India Pvt Ltd
  • Morgan Stanley India Company Pvt Ltd
  • Motilal Oswal Investment Advisors Ltd
  • Nomura Financial Advisors and Securities (India)
  • Nuvama Wealth Management Ltd
  • UBS Securities India Pvt Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the HDB Financial Services Ltd IPO?

The listing date for the HDB Financial Services Ltd IPO is 02 Jul 2025.

What is the issue size of HDB Financial Services Ltd IPO?

The issue size of the HDB Financial Services Ltd IPO is ₹12,500.00 cr.

What is the minimum lot size needed for HDB Financial Services Ltd IPO?

The minimum lot size for HDB Financial Services Ltd IPO is 20

When does the HDB Financial Services Ltd open and close?

HDB Financial Services Ltd IPO is open from 25 Jun 2025 to 27 Jun 2025.

How can I apply for the HDB Financial Services Ltd IPO?

To apply for the HDB Financial Services Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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