HDB Finance IPO GMP Today, HDB Finance IPO Grey Market Premium Updates | HDB Finance IPO, Latest target, Opening gain
HDB Finance IPO began on Oct – Nov, 2024. It will close on Oct – Nov, 2024. The Total IPO Size is ₹ 2500.00 Crore Approx. The company set its IPO price is ₹ – to ₹- per share Per Share. There are three basic categories in HDB Finance IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
HDB Financial Services Ltd was founded on June 4, 2007, in Ahmedabad as a non-deposit taking Non-Banking Finance Company (NBFC), operating under Section 45-1A of the RBI Act, 1934. As a key player in the financial sector, the company is backed by HDFC Bank Ltd., which holds a substantial shareholding.
In the fiscal year 2023, HDB Financial Services reported a total income of ₹12,402.88 crore and a net profit of ₹1,959.35 crore. The company has earned a high credit rating of AAA from CARE and AAA/Stable from CRISIL for its long-term loans, reflecting its strong financial stability.
Known for its expertise in loan origination and underwriting, HDBFS offers a diverse range of financial solutions tailored to meet various customer needs. The company’s portfolio includes both secured and unsecured loans, along with fee-based products and Business Process Outsourcing (BPO) services. HDB Financial Services caters to the growing needs of India’s middle market and SMEs, which are often underserved by larger banks, creating a niche market for its products and services.
The board of directors has also approved changes to the company’s articles of association and its Employee Stock Option Schemes from 2014, 2017, and 2022 to meet regulatory requirements. Currently, HDFC Bank holds a 94.6% stake in its non-banking financial subsidiary.
In a statement on Friday, September 20, the company said that it has approved an initial share sale of equity shares of face value of ₹10 each, “comprising of a fresh issue of equity shares aggregating up to ₹2,500 crore and an offer for sale of equity shares by existing and eligible shareholders of the Company who may offer to tender their equity shares which is subject to approval of the shareholders of the company, market conditions, receipt of applicable approvals, regulatory clearances and other considerations”.
The bank, which holds a 94.64% stake in the non-banking finance company, is in the process of shortlisting bankers for the issue.
HDB Finance IPO Details:
| Issuer | HDB Finance IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: Oct – Nov, 2024 | |
| Issue Closes: Oct – Nov, 2024 | ||
| Price Brand | ₹–to ₹– per share | |
| Issue Size | ₹ 2500.00 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | – Shares | |
| Retail (Max) | ₹– | |
| QIB | % | |
| HNI | % | |
| Retail Individual Bidders | % | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | Shares | |
HDB Finance IPO GMP Rates day by day
HDB Finance IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
HDB Finance IPO Date, Allotment & Listing:
| HDB Finance IPO Opening Date: | Oct – Nov, 2024 |
| HDB Finance IPO Closing Date: | Oct – Nov, 2024 |
| Basis of Allotment: | Oct – Nov, 2024 |
| Initiation of Refunds: | Oct – Nov, 2024 |
| Credit to Demat Account: | Oct – Nov, 2024 |
| Listing Date: | Oct – Nov, 2024 |
HDB Finance Limited Financial Information (Restated)
| Particulars | March 31, 2023 | March 31, 2022 |
|---|---|---|
| Revenue (in ₹ crore) | 12,402.88 | 11,306.29 |
| Profit After Tax (PAT) (in ₹ crore) | 1,959.35 | 1,011.40 |
| Tax Expenses (in ₹ crore) | 668.05 | 336.16 |
| Assets Under Management (in ₹ crore) | 70,084 | 61,444 |
| Total Borrowings (in ₹ crore) | 54,865 | 48,973 |
| Earnings Per Share (₹) | 24.78 | 12.81 |
Key Performance Indicator
( COMING SOON )
Objects of the Issue (HDB Finance IPO Objectives)
The objectives of HDB Financial Services IPO have not been disclosed.
HDB Finance IPO ALLOTMENT STATUS
How to Apply for HDB Finance IPO?
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How to Apply HDB Finance IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “HDB Finance”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply HDB Finance IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “HDB Finance”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date. 
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IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is HDB Finance IPO?
HDB Finance IPO is a main-board initial public offering of – Equity shares of the face value of ₹10 aggregating up to ₹ 2500.00 Crores. The issue price of the IPO is ₹- to ₹- Per Equity Share. The minimum order quantity is – Shares per application and the offer type is Book Built Issue. The IPO opens on Oct – Nov, 2024 and closes on Oct – Nov, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The HDB Finance IPO opens on Oct – Nov, 2024 and closes on Oct – Nov, 2024.
How to apply for HDB Finance IPO?
You can apply in HDB Finance IPO online using either UPI or ASBA as payment method .
When HDB Finance IPO allotment?
The finalization of Basis of Allotment for HDB Finance IPO will be done on Oct – Nov, 2024, and the allotted shares will be credited to your demat account by Oct – Nov, 2024.
Check the HDB Finance IPO allotment status.
When is HDB Finance IPO listing date?
The HDB Finance IPO listing date is not yet announced. The tentative date of HDB Finance IPO listing is Oct – Nov, 2024.
What is the lot size of HDB Finance IPO?
HDB Finance lot size is – Shares and the minimum order quantity is 1 Share.