HDB Financial Services to Launch ₹12,500 Crore IPO to Boost Lending Capacity
HDB Financial Services Limited, a key player in India’s non-banking financial sector and a subsidiary of HDFC Bank, is preparing to hit the capital markets with its long-awaited initial public offering (IPO). Slated to open on June 25, 2025, the IPO aims to raise a whopping ₹12,500 crore, making it one of the largest public issues of the year.
This book-built issue comprises a fresh issue of 3.38 crore equity shares valued at ₹2,500 crore and an Offer for Sale (OFS) of 13.51 crore shares, aggregating ₹10,000 crore. The capital raised through the fresh issue will primarily be used to strengthen the company’s Tier-I capital base, fueling its lending operations across key verticals such as enterprise loans, asset financing, and consumer credit.
HDB Financial Services IPO Snapshot
- Opening Date: June 25, 2025 (Wednesday)
- Closing Date: June 27, 2025 (Friday)
- Price Band: ₹700 to ₹740 per share
- Face Value: ₹10 per share
- Lot Size: 20 shares (Minimum Investment: ₹14,800)
- Total Issue Size: 16,89,18,919 shares (₹12,500 crore)
- Stock Exchange Listings: BSE and NSE
- Registrar: MUFG Intime India Pvt Ltd
- Lead Managers: BNP Paribas, JM Financial, BofA Securities, Goldman Sachs, HSBC, ICICI Securities, Jefferies, Motilal Oswal and More Others
HDB Financial Services IPO Investor Categories & Share Allocation
The IPO has a well-diversified reservation strategy designed to appeal to all segments:
- QIBs (Qualified Institutional Buyers): 44.92% shares
- NIIs (Non-Institutional Investors): 13.48% shares, split into:
- sNII (₹2–10 lakhs)
- bNII (above ₹10 lakhs)
- Retail Investors: 31.44% shares; retail bids allowed up to ₹2 lakhs
- Employees: 0.16% shares, with a discount on offer and eligibility up to ₹2 lakh investment
- HDFC Bank Shareholders: 10% shares reserved
Financial Overview: Strong Foundation Despite PAT Dip
Incorporated in 2007, HDB Financial has developed a robust “phygital” model, combining a wide on-ground branch network with digital channels, call centers, and third-party partners. The company also operates a BPO division and offers fee-based services such as insurance distribution and processing support for its parent organization.
For the fiscal year ending March 2025, revenue climbed to ₹16,300.28 crore, up from ₹14,171.12 crore in FY24, marking a 15% year-on-year increase. However, profit after tax (PAT) dipped slightly by 12%, landing at ₹2,175.92 crore, down from ₹2,460.84 crore the previous year. Still, asset expansion and a strong net worth underline the company’s financial resilience and long-term stability.
HDB Financial Services IPO Timeline & Important Dates(Tentative)
- IPO Bidding Time: 10:00 AM – 5:00 PM (June 25 to 27)
- Basis of Allotment: June 30, 2025
- Demat Credit: July 1, 2025
- Listing Date: July 2, 2025
Investors are encouraged to review the Red Herring Prospectus (RHP), RHP and consult financial advisors for a complete understanding of the offering.
Bottom Line: A Premier NBFC Enters the Spotlight
With a proven track record, strategic backing from HDFC Bank, and diversified loan operations, HDB Financial Services is entering the public market with strength and vision. The ₹12,500 crore IPO represents more than just a capital raise—it’s a pivotal move toward further cementing its place as a top-tier NBFC in India’s evolving financial ecosystem.
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