HDB Financial IPO: Check Date, Price, Review and Allotment Details
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The HDB Financial IPO will open for subscription on June 25, 2025, and will close on June 27, 2025. It is a Book Built Issue, with the company aiming to raise approximately ₹12,500 crores through the IPO. This includes a fresh issue worth ₹2,500 crores and an offer for sale (OFS) of up to 13,51,35,135 equity shares with a face value of ₹10 each.
The price band for the IPO is set between ₹700 and ₹740 per share. The quota allocation is as follows:
- Retail investors – 35%
- Qualified Institutional Buyers (QIB) – 50%
- High Net-worth Individuals (HNI) – 15%
The IPO allotment is expected on June 30, 2025, and the listing is scheduled for July 2, 2025, on both BSE and NSE.
Financial Performance:
- Revenue for FY 2025 stood at ₹16,300.28 crores, up from ₹14,171.12 crores in FY 2024.
- Net profit for FY 2025 was ₹2,175.92 crores, compared to ₹2,460.84 crores in FY 2024.
Based on the company’s financial performance, HDB Financial’s IPO is considered suitable for long-term investors.
HDB Financial IPO Details
- IPO Open Date: June 25, 2025
- IPO Close Date: June 27, 2025
- Face Value: ₹10 per equity share
- IPO Price Band: ₹700 to ₹740 per share
- Issue Size: Approximately ₹12,500 crores
- Fresh Issue: Around ₹2,500 crores
- Offer for Sale: Around 13,51,35,135 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%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
HDB Financial IPO Market Lot
The minimum market lot for the HDB Financial IPO is 20 shares, requiring an application amount of ₹14,800. Retail investors can apply for a maximum of 13 lots, i.e., 260 shares worth ₹1,92,400.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 20 | ₹14,800 |
| Retail Maximum | 13 | 260 | ₹1,92,400 |
| S-HNI Minimum | 14 | 280 | ₹2,07,200 |
| B-HNI Minimum | 68 | 1,360 | ₹10,06,400 |
HDB Financial IPO Dates
- IPO Open Date: June 25, 2025
- IPO Close Date: June 27, 2025
- Basis of Allotment: June 30, 2025
- Refunds Initiation: July 1, 2025
- Credit to Demat Accounts: July 1, 2025
- IPO Listing Date: July 2, 2025
Promoter of HDB Financial IPO
The promoter of HDB Financial Services is HDFC Bank Limited.
About HDB Financial Services
HDB Financial Services was established in 2007 and is a rapidly growing retail-focused non-banking financial company (NBFC-UL) in India. The company operates across three key business areas:
- Enterprise Lending
- Asset Finance
- Consumer Finance
HDB primarily serves salaried individuals, self-employed professionals, business owners, and underserved segments from low to middle-income groups. Its goal is to support those with limited or no credit history by offering efficient and tech-driven financial solutions.
As of now, HDB Financial caters to 17.5 million customers and has a strong network of 1,772 branches across 1,162 towns in 31 States and Union Territories in India.
HDB Financial IPO Company Financial Report
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| FY 2022 | 11,306.29 | 9,958.73 | 1,011.40 | 62,025.94 |
| FY 2023 | 12,402.88 | 9,775.48 | 1,959.35 | 70,050.39 |
| FY 2024 | 14,171.12 | 10,866.45 | 2,460.84 | 92,556.51 |
| FY 2025 | 16,300.28 | 13,372.48 | 2,175.92 | 1,08,663.29 |
HDB Financial IPO Valuation – FY2025
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 14.72% |
| Debt to Equity Ratio | 5.85 |
| Earnings Per Share (EPS) | ₹27.4 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 14.7% |
| Net Asset Value (NAV) | ₹198.8 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Bajaj Finance Limited | 26.89 | 34.3 | 19.35% | 155.6 | ₹69,683.51 Cr |
| Sundaram Finance Limited | 170.53 | 28.1 | 15.48% | 1,187.8 | ₹8,485.63 Cr |
| L&T Finance Limited | 10.61 | 17.9 | 10.79% | 102.5 | ₹15,924.24 Cr |
| Mahindra & Mahindra Financial Services Ltd. | 18.32 | 14.5 | 10.91% | 154.9 | ₹18,463.10 Cr |
| Cholamandalam Investment and Finance Co. Ltd. | 50.72 | 31.4 | 19.71% | 281.5 | ₹25,845.98 Cr |
| Shriram Finance Limited | 50.82 | 13.0 | 18.17% | 300.3 | ₹41,834.42 Cr |
Objects of the Issue
The IPO proceeds will be used for:
- Strengthening the Tier – I Capital base
- Meeting future capital requirements across business verticals, including Enterprise Lending, Asset Finance, and Consumer Finance
HDB Financial IPO FAQs
What is the HDB Financial IPO?
HDB Financial IPO is a Mainboard IPO, where the company plans to raise approximately ₹12,500 crores. The price band for the issue is set between ₹700 and ₹740 per equity share, and the IPO will be listed on both BSE and NSE.
When will the HDB Financial IPO open for subscription?
The IPO will open on June 25, 2025, and close on June 27, 2025. It will be available for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors.
What is the allocation for different investor categories in the HDB Financial IPO?
- QIBs: 50%
- NIIs: 15%
- Retail Investors: 35%
How to Apply for the HDB Financial IPO?
You can apply for the HDB Financial IPO through the following methods:
- ASBA via Net Banking: Apply directly through your bank’s net banking account.
- UPI through Stock Brokers: Use UPI-enabled applications provided by your stock broker.
- Offline Application: Submit a physical IPO form through your broker.