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HDBFS · NSE,BSE · Non Banking Financial Company
HDB Financial IPO listed on 02 Jul 2025 on NSE,BSE at ₹835.00, a gain of 12.84% over the issue price of ₹740.00. The IPO was subscribed 16.69x overall.
HDB Financial IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 25 Jun 2025 |
| IPO Close Date | 27 Jun 2025 |
| Basis of Allotment | 30 Jun 2025 |
| Initiation of Refunds | 01 Jul 2025 |
| Credit of Shares to Demat | 01 Jul 2025 |
| Listing Date | 02 Jul 2025 |
Listing day gain
+12.84%
Listed at ₹835 (issue ₹740)
Issue
₹740
Listing
₹835
Current
₹840.95
+13.64% vs issue
Day range
₹827.15 – ₹851.4
Issue Size
168,918,917 shares
(aggregating up to ₹12,500.00 Cr)
Issue Price
₹700 – ₹740
Face Value
₹10/share
Market Lot
20 shares
Retail Min Investment
₹14,800
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
33,783,782 shares
(aggregating up to ₹2,500 Cr)
Offer for Sale
135,135,135 shares
(aggregating up to ₹10,000 Cr)
Issue Type
book building
Open Date
25 Jun
Close Date
27 Jun
Allotment
30 Jun
Listing
02 Jul
Last updated: 1 year ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 02 Jul 2025 Latest | ₹740 | ₹75 | ₹815 | ₹75 |
10.14%
|
12:00 AM |
| 01 Jul 2025 | ₹740 | ₹71 | ₹811 | ₹71 |
9.59%
|
12:00 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 27 Jun 2025
| Category | Subscribed (x) |
|---|---|
| QIB | 55.47x |
| NII | 9.99x |
| bNII (bids above ₹10L) | 11.77x |
| sNII (bids below ₹10L) | 6.42x |
| Retail Investors | 1.41x |
| Shareholders | 4.26x |
| Employees | 5.72x |
| Total | 16.69x |
Showing the latest subscription snapshot.
View full subscription historyHDFC Bank Ltd. is the promoter of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,800 |
| Retail (Max) | 13 | 260 | ₹192,400 |
| S-HNI (Min) | 14 | 280 | ₹207,200 |
| S-HNI (Max) | 67 | 1,340 | ₹991,600 |
| B-HNI (Min) | 68 | 1,360 | ₹1,006,400 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only employee | 2 | No |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 75,878,377 (44.92%) |
|
•
Anchor Investor Shares Offered
|
45,527,026 (26.95%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
30,351,351 (17.97%) |
| NII (HNI) Shares Offered | 22,763,514 (13.47%) |
|
•
bNII > ₹10L
|
15,175,676 (8.98%) |
|
•
sNII < ₹10L
|
7,587,838 (4.49%) |
| Retail Shares Offered | 53,114,865 (31.44%) |
| Employee | 270,270 (0.16%) |
| Shareholders Shares Offered | 16,891,891 (10.01%) |
| Total Shares Offered | 168,918,917 (100.00%) |
HDB Financial Services Limited was incorporated in 2007 and is headquartered in Ahmedabad, Gujarat. It works in the non-banking financial services sector as a retail-focused NBFC.
The company offers a diversified portfolio of 13 lending products across three segments, Enterprise Lending, Asset Finance, and Consumer Finance, including business loans, vehicle loans, personal loans, and consumer durable loans. It also provides BPO services to HDFC Bank and distributes insurance and other fee-based products, mainly to its lending customers. As of March 31, 2025, the company had 1,771 branches across more than 1,170 towns in 31 states and union territories, a customer base that grew to 1.92 crore from 1.22 crore two years earlier, and a gross loan book of Rs 1,06,877.58 crore. HDFC Bank Ltd is the promoter, holding a 94.3% stake.
On a restated basis, revenue from operations rose to Rs 16,300.28 crore in FY25 from Rs 14,171.12 crore in FY24, a 15% increase, while net profit declined 11.57% to Rs 2,175.92 crore in FY25 from Rs 2,460.84 crore in FY24. The IPO was a mainboard, book-built issue of Rs 12,500 crore, comprising a fresh issue of Rs 2,500 crore and an offer for sale of Rs 10,000 crore by promoter HDFC Bank Ltd, listed on the BSE and NSE. As per the RHP, net proceeds from the fresh issue were proposed to be used to augment the company's Tier-I capital base to support future lending requirements.
Standalone · ₹ in Crores
| Particulars | FY Mar 2023 | FY Mar 2024 | FY Mar 2025 |
|---|---|---|---|
| Total Revenue | 12,402.88 | 14,171.12 | 16,300.28 |
| Profit After Tax (PAT) | 1,959.35 | 2,460.84 | 2,175.92 |
| EBITDA | 6,251.16 | 8,314.13 | 9,512.37 |
| Total Assets | 70,050.39 | 92,556.51 | 108,663.29 |
| Net Worth | 10,436.09 | 12,802.76 | 14,936.5 |
| Reserves & Surplus | 10,645.57 | 12,949.63 | 15,023.97 |
| Total Borrowing | 54,865.31 | 74,330.67 | 87,397.77 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | FY 2025 | Mar 2025 |
|---|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 14.72% | 14.72% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 5.85x | 5.85x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 3.72x | 3.72x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹27.41 | ₹26.29 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 27x | 28.15x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹58,753 Cr | ₹69,609 Cr |
The basis of allotment for HDB Financial IPO was finalised on 30 Jun 2025. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The HDB Financial IPO is expected to open in Jun 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for HDB Financial IPO is ₹700.00 - ₹740.00 per share.
As per market sources, HDB Financial IPO GMP is currently ₹75.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for HDB Financial IPO stands at 16.69x overall.
The listing date for HDB Financial IPO is 02 Jul 2025.
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