
HDFC Securities Unlisted Share Description – Headquartered in Mumbai, HDFC Securities has a strong presence across India’s major cities and towns. That presence—now 184 branches across 139 cities—gives clients plenty of options for where and how they want to do business. As a full-service stockbroker, the company offers a wide array of financial services: equities, currencies, derivatives, mutual funds, NCDs, IPOs, basket investing, global investing, PMS/AIF, bonds and fixed deposits.
To make trading easy and effective for it retail and institutional clients, it provides a variety of trading platforms: web-based, mobile apps and a call-and-trade facility. HDFC Securities’ research and advisory services help investors make informed decisions. The company provides research reports, market analysis, stock recommendations and the tools clients need to understand market trends and make their own investment choices.

HDFC Securities ranked among India’s top broking companies, with over 1.4 million active customers. The company is a corporate member of both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of 31 March 2024, the company’s total income was INR 2,660.73 crore. That’s a 40.66% growth from the previous year’s INR 1,891.63 crore. That kind of growth is a testament to its clients’ trust in it—and its ability to deliver on that trust.
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Products & Services of HDFC Securities
HDFC Securities provides a 3-in-1 Online Investment Account, which is a combination of HDFC Bank Savings and Demat Accounts along with an HDFC securities trading account Services:

HDFC Securities New Platform – HDFC SKY
HDFC Securities launched a new discount broking platform called HDFC SKY, offering trading and investing at a flat fee of INR 20—on par with platforms like Groww, 5Paisa, and Zerodha. What sets HDFC SKY apart is its margin trading facility at a competitive 12% interest rate, significantly lower than the 18–21% charged by its rivals. Aimed at Gen-Z, millennials, and new-age investors, HDFC SKY is open to all users, unlike HDFC Securities’ main platform, which limits demat account opening, trading, and investing to HDFC Bank customers only.
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Key Highlights –
- As of 31 March 2024, HDFC Securities’ total income amounted to INR 2,660.73 crore, up 40.66% from the previous year.
- HDFC Securities generated a total brokerage and fee income of INR 1,597.17 crore during the FY 2024, with 84% of this brokerage coming from digital sources, slightly lower than the 85% recorded in the previous year.
- By the end of FY 2024, over 700 employees at HDFC Securities had been with the company for five years or more.
- The average book size under Margin Trade Funding (MTF) for FY 2024 stood at INR 4,855 crores, marking a 50% increase from INR 3,232 crores in the previous financial year.
- As of FY 2024, HDFC Securities facilitated a total of 77 IPOs, receiving 319.48 lakh applications and handling a transaction volume of INR 1,19,790.84 crore.
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HDFC Securities Business Performance Highlights


HDFC Securities Board of Directors as of FY 2024
- Mr. Dhiraj Relli, CEO & Managing Director
- Mr. Ashish Kamalkishore Rathi, Whole Time Director
- Dr. (Mrs.) Amla Samanta, Director
- Mr. Sandiip Bhardwaj, Director
- Mr. Tarun Balram, Director
- Mr. Neeraj Swaroop, Independent Director
- Mr. Malay Yogendra Patel, Independent Director
- Mr. Arvind Vohra, Director
- Mr. Samir Bhatia, Director
- Mr. Bhavesh Zaveri, Executive Director
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HDFC Securities Unlisted Share Details
Name | HDFC Securities Unlisted Share Details |
Face Value | INR 10 per share |
ISIN Code | INE700G01014 |
Lot Size | 4 shares |
Demat Status | NSDL, CDSL |
HDFC Securities Share Price | INR 9,900 per share |
Market Cap | INR 15,809 crores |
Total number of shares | 1,59,68,420 shares |
Website | www.hdfcsec.com |
HDFC Securities Unlisted Share Details – Shareholding Pattern
The details of Shareholders holding more than 5% of shares as of 31 March 2024:
Shareholder Name | % to Holding | No. of shares |
HDFC Bank Limited | 95.13 | 1,51,90,044 |
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HDFC Securities Unlisted Share Details – Financial Performance
Particulars | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
Revenue | 1,368.16 | 1,975.57 | 1,891.27 | 2,660.12 |
Revenue Growth (%) | 59.56 | 44.40 | (4.27) | 40.65 |
Brokerage and Fee Income | 1,140.24 | 1,409.37 | 1,182.40 | 1,597.17 |
Expenses | 453.82 | 670.0 | 849.73 | 1,389.30 |
Net income | 703.23 | 984.34 | 777.22 | 950.89 |
Margin (%) | 51.40 | 49.83 | 41.10 | 35.75 |
ROCE (%) | 28.0 | 24.0 | 19.0 | – |
ROE (%) | 48.0 | 59.0 | 43.0 | 50.0 |
Debt/Equity | 1.38 | 2.79 | 2.92 | 4.70 |
EPS | 446.54 | 621.78 | 489.84 | 597.35 |
Dividend (per share) | 318 | 547 | 440 | 510 |
HDFC Securities Annual Reports
HDFC Securities Annual Report FY 2023 – 2024
HDFC Securities Annual Report FY 2022 – 2023
HDFC Securities Annual Report FY 2021 – 2022
HDFC Securities Unlisted Share Peer Comparison
Company | 3-yr Sales CAGR (%) | Debt/Equity | PE Ratio | Net Margin (%) | MCap (INR crore) |
HDFC Securities | 24.8 | 4.70 | 16.57 | 35.75 | 15,809 |
ICICI Securities | 25.0 | 4.99 | 13.9 | 33.61 | 29,149 |
Motilal Oswal Financial Services | 24.9 | 1.41 | 11.1 | 34.61 | 36,903 |
Angel One | 49.1 | 0.59 | 16.6 | 26.36 | 22,065 |
HDFC Securities Unlisted Share FAQs
Is it safe to purchase unlisted shares in India?
While there are risks associated with unlisted shares, purchases made from credible brokers and after conducting due diligence considerably lower these risks.
What is HDFC Securities unlisted share price?
HDFC Securities share price in grey market today is INR 9,900 per share. Shares are purchased in lots of 4 shares.
Who determines HDFC Securities unlisted share price?
HDFC Securities share price is determined by various factors including recent transaction price, supply and demand, valuation in the latest funding round, profitability, and return ratios.
When is the HDFC Securities IPO planned?
There is no current information about the planned IPO of HDFC Securities, but here is some information about HDFC Bank’s subsidiary, HDB Financial Services.