HDB Financial IPO is a bookbuilding of ₹12,500.00 crores. The issue is a combination of fresh issue of 3.38 crore shares aggregating to ₹2,500.00 crores and offer for sale of 13.51 crore shares aggregating to ₹10,000.00 crores.
HDB Financial IPO opens for subscription on June 25, 2025 and closes on June 27, 2025. The allotment for the HDB Financial IPO is expected to be finalized on Monday, June 30, 2025. HDB Financial IPO will be list on BSE, NSE with a tentative listing date fixed as Wednesday, July 2, 2025.
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 Financial IPO Details:
Issuer |
HDB Financial IPO |
Issue Type |
Book Built Issue IPO |
Issue Period |
Issue Opens: 25th June 2025 |
Issue Closes: 27th June 2025 |
Price Brand |
₹700 to ₹740 per share |
Issue Size |
₹ 12500 Cr |
Face Value |
₹10 per share |
Market Lot |
20 Shares |
Retail (Max) |
₹192400 |
QIB |
44.92% |
HNI |
15% |
Retail Individual |
35% |
Shareholders |
10% |
Listing at |
NSE & BSE |
Total Shares |
16,89,18,918 Shares |