HDB Financial Services Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 75,878,377 (45%) | — | ₹561,500 Cr |
| NII (HNI) | — | 22,763,514 (13%) | — | ₹168,450 Cr |
| Retail | — | 53,114,865 (31%) | — | ₹393,050 Cr |
| Employee | — | 270,270 (0%) | — | ₹200 Cr |
| Σ Total | — | 168,918,917 (100%) | — | ₹12,500,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,800 |
| Retail (Max) | 13 | 260 | ₹192,400 |
| S-HNI (Min) | 14 | 280 | ₹207,200 |
| B-HNI (Min) | 67 | 1,340 | ₹991,600 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 16,300 | 14,171 | 12,403 |
| EBITDA | 9,512 | 8,314 | 6,251 |
| Profit After Tax | 2,176 | 2,461 | 1,959 |
| Net Worth | 14,937 | 12,803 | 10,436 |
| Total Assets | 108,663 | 92,557 | 70,050 |
| Reserves & Surplus | 15,024 | 12,950 | 10,646 |
| Total Borrowing | 87,398 | 74,331 | 54,865 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Augmentation of the Company’s Tier – I Capital base to meet their Company’s future capital requirements including onward lending under any of the Company’s business verticals i.e. Enterprise Lending, Asset Finance and Consumer Finance. – 2,458.62
Company Overview
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.
Business Verticals:
- Enterprise Lending:The first business vertical launched in 2008. they offer a variety of secured and unsecured loans to MSME customers, as well as certain types of salaried employees, primarily through their branch network.
- Asset Finance: They offer financing options to customers for acquiring new and used commercial vehicles, construction equipment and tractors, all of which are income generating assets for their customers.
- Consumer Finance:They offer loans to individuals seeking to fulfil their personal or household needs.
As of March 31, 2025, with over 80% of the branches located outside the 20 largest cities in India.As at March 31, 2025, The company had a pan-India network of 1,771 branches in 1,170 towns and cities across 31 States and Union Territories, with over 80% of the branches located outside the 20 largest cities in India by population.
As at Fiscals 2025, 2024 and 2023, the company had a total of 60,432, 56,560 and 45,883 employees.
Competitive Strengths:
- 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.