HDB Financial Services IPO GMP, Price, Date, Allotment

HDB Financial IPO: Here is What We Know So Far	HDB Financial IPO Coming Soon! A Value Buy or Expensive? Deep Analysis
HDB Financial Business Model Analysis

HDB Financial Services IPO Description – HDB Financial Services, a subsidiary of HDFC Bank, is a leading retail-focused Non-Banking Financial Company (NBFC) in India, classified as an Upper Layer NBFC by the RBI. As of 31 March 2025, the company reported Total Gross Loans of INR 1,06,880 crore, reflecting a CAGR of 23.54% since March 2023. Its Assets Under Management stood at INR 1,07,260 crore as of 31 March 2025, with a CAGR of 23.71%. HDB Financial posted a Profit After Tax of INR 2,180 crore in Fiscal 2025, achieving a 5.38% CAGR since Fiscal 2023. Return on Average Assets and Return on Average Equity stood at 2.16% and 14.72% respectively.

With a strong branch network of 1,771 branches across 1,170 towns and partnerships with over 1,40,000 retailers, HDB serves 19.2 million customers, growing at a 25.45% CAGR. Its loan book is well-diversified across Enterprise Lending (39.30%), Asset Finance (38.03%), and Consumer Finance (22.66%), with secured loans forming 71.01% of total loans. HDB maintains superior asset quality, reflected in GNPA and NNPA ratios of 2.26% and 0.99%, respectively. Supported by AAA-stable credit ratings from CRISIL and CARE, HDB operates with a low average borrowing cost of 7.90% and a CRAR of 19.22%.

Promoters of HDB Financial Services – HDFC Bank Limited

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HDB Financial Services IPO Details

HDB Financial Services IPO Dates	25 – 27 June 2025
HDB Financial Services IPO Price	INR 700 – 740 per share
Shareholder Quota	Yes, no discount
Employee Quota	Yes, no discount
Fresh issue	INR 2,500 crore
Offer For Sale	INR 10,000 crore
Total IPO size	INR 12,500 crore
Minimum bid (lot size)	20 shares (INR 14,800)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE, BSE

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HDB Financial Services Financial Performance

	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	11,306.29	12,402.88	14,171.12	16,300.28
Expenses	9,958.73	9,775.48	10,866.45	13,372.48
Net income	1,011.40	1,959.35	2,460.84	2,175.92
Margin (%)	8.95	15.80	17.37	13.35

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HDB Financial Services Offer News

• HDB Financial Services RHP
• HDB Financial Services DRHP
• HDB Financial Unlisted Share Price
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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HDB Financial Services Valuations & Margins

	FY 2023	FY 2024	FY 2025 (Pre-Issue)	FY 2025 (Post-Issue)*
EPS	24.76	31.04	27.32	26.23
PE Ratio	–	–	25.62 – 27.09	26.69 – 28.21

	FY 2023	FY 2024	FY 2025
RoE (%)	18.68	19.55	14.72
NAV	144.7	173.3	198.8
EBITDA (%)	50.40	58.67	58.36
Debt/Equity	5.26	5.81	5.85

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HDB Financial Services IPO GMP Today (Daily Trend)

Date	Day-wise IPO GMP	Kostak	Subject to Sauda
21 June 2025	85	–	1,500
20 June 2025	75	–	1,500
19 June 2025	90	–	–

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HDB Financial Services IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

• Augmentation of the company’s Tier – I Capital base to meet the company’s future capital requirements including onward lending

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HDB Financial Services IPO Subscription – Live Updates

Coming soon

NA Shares allotted to anchor investors are not included in these calculations. Similarly, NA shares allotted to market makers, if any, are not part of these calculations.

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HDB Financial Services – Comparison With Listed Peers

Company	PE ratio	EPS	RoE (%)	NAV	Revenue (Cr.)
HDB Financial Services	28.21	26.23	14.72	198.8	16,300.28
Bajaj Finance	34.3	26.82	19.35	155.6	69,683.51
Sundaram Finance	28.1	170.53	15.48	1,187.8	8,485.63
L&T Finance	17.9	10.61	10.79	102.5	15,924.24

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HDB Financial Services IPO Allotment Status

HDB Financial Services IPO allotment status will be available on MUFG Intime’s website. Click on MUFG Intime IPO weblink to get allotment status.

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HDB Financial Services IPO Dates & Listing Performance

IPO Opening Date	25 June 2025
IPO Closing Date	27 June 2025
Finalization of Basis of Allotment	30 June 2025
Initiation of refunds	1 July 2025
Transfer of shares to demat accounts	1 July 2025
HDB Financial Services IPO Listing Date	2 July 2025
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

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HDB Financial Services IPO Reviews – Subscribe or Avoid?

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HDB Financial Services Offer Lead Manager

JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone: +91 22 6630 3030 / 3262
Email: [email protected]
Website: jmfl.com

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HDB Financial Services Offer Registrar

MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com

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HDB Financial Services Contact Details

HDB FINANCIAL SERVICES LIMITED
HDB House, Tukaram Sandam Marg, A-Subhash Road,
Vile Parle (East), Mumbai – 400 057, Maharashtra, India
Phone: +91 22 4911 6350
Email: [email protected]
Website: www.hdbfs.com

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HDB Financial Services IPO FAQs