HDB Financial Services IPO

LISTED
MAINBOARD

NSE • Lot Size: 20 • Mainboard

Issue740
Listed919.08+24%
Now748+1.1%
1.1%

*Last updated on 11 Jan 2026

Price Band

₹700 - ₹740

Lot Size

20

Issue Size

₹12500 Cr

GMP

N/A

Subscription

17.65x

Analyzing...

IPO Schedule

1

Open

25 Jun 2025

2

Close

27 Jun 2025

3

Allotment

-

4

Listing

2 Jul 2025

About HDB Financial Services

HDB Financial Services is a leading Non-Banking Financial Company (NBFC) focused on providing a wide range of loans and financial services to retail and commercial clients across India. They offer products like personal loans, business loans, loan against property, and vehicle loans, primarily catering to the underserved segments of the market.

Key Strengths

  • Strong Parentage: Benefit from the brand reputation and financial backing of HDFC Bank, providing a competitive advantage and access to resources.
  • Extensive Branch Network: Wide geographical presence across India enables greater market penetration and customer reach.
  • Diversified Product Portfolio: Offering a wide range of loan products reduces dependency on a single product and mitigates risk.
  • Experienced Management Team: A seasoned management team with deep understanding of the financial services sector.
  • Consistent Financial Performance: Demonstrated consistent growth and profitability over the years, reflecting operational efficiency.

Risk Factors

  • Asset Quality: Vulnerability to asset quality deterioration due to economic downturns or changes in borrower behavior, impacting profitability.
  • Regulatory Changes: Exposure to changes in regulations governing NBFCs, which could impact operations and profitability.
  • Competition: Intense competition from banks, other NBFCs, and fintech companies, potentially impacting market share and margins.

Valuation Analysis

The IPO is priced at a P/E of 27, which appears relatively high compared to some listed peers, indicating a premium valuation. Investors should carefully consider the growth prospects and potential risks associated with the company before investing.

IPO Details

ExchangeNSE
SegmentMAINBOARD
ISININE756I01012
NSE SymbolHDBFS
Face Value10
Lot Size20
Issue Size₹12500 Cr

Key Metrics

ROE15.2
ROCE18.9
P/E Ratio32.5
Industry P/E20
EPS27.41
Debt/Equity1.1

Subscription

Total0.40x
Imbalance Ratio5.1x

Documents

RHP not available

Key Dates

Open Date25 Jun 2025
Close Date27 Jun 2025
Listing2 Jul 2025