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15 Days Price Change

HDB Financial Services IPO

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WEBSITE Inc. Year: 2007 Industry: Finance - NBFC Listed Page

Profile
Issue Size 9652.78 Cr
Profile
Price Range 700  to  740 per share
Profile
Min Investment ₹740
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are one of the leading, diversified retail-focused non-banking financial companies (“NBFCs”) in India in terms of Total Gross Loan book size, according to the CRISIL Report. Our Company is categorized as an Upper Layer NBFC (NBFC-UL) by the RBI. We offer a large portfolio of lending products that cater to a growing and diverse customer base through a wide omni-channel distribution network. Our lending products are offered through our three business verticals: Enterprise Lending, Asset Finance and Consumer Finance. We believe that the success of our business model and operating philosophy is evidenced by our strong and sustained growth and profitability metrics. Our Total Gross Loans stood at ?986.2 billion as at September 30, 2024, reflecting a CAGR of 20.93% between March 31, 2022 to September 30, 2024. Our assets under management stood at ?902.3 billion as at March 31, 2024 reflecting a CAGR of 21.18% between Fiscal 2022 and Fiscal 2024. In Fiscal 2024, we generated a profit after tax of ?24.6 billion, which reflected a CAGR of 55.98% between Fiscal 2022 and Fiscal 2024. Our Total Gross Loans growth, operating efficiencies and strong asset quality helped us deliver Return on Average Assets of 3.03% and Return on Average Equity of 19.55% for Fiscal 2024, which is one of the highest amongst our NBFC peers, according to the CRISIL Report. Read More

Basic Info

Face Value 10 per share

Price 700  to  740 per share

P/E (x) 27

Sales( Cr.) 16300

PAT( Cr.) 2176

EPS 27.4

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

HDFC Bank Ltd.

Pre Issue Share Holding 94.36%

Post Issue Share Holding 73.98%

Listing Details:

Listing Price: 835

Listing Gain: 11.38%

Current Price: 665.9

Gain On Issue: 665.9 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jun 25, 2025
Closing Date Jun 27, 2025
Allotment Jun 30, 2025
Refund Jul 01, 2025
Delivery of Shares Jul 01, 2025
Listing Date Jul 02, 2025

IPO Lot Size

Application 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 1340 991,600
B-HNI (Min) 68 1360 1,006,400

Objective of the Issue

Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting our Company’s Tier – I Capital base to meet our Company’s future capital requirements including onward lending, arising out of the growth of our business. Further, a portion of the proceeds from the Fresh Issue will be used towards meeting Offer Expenses.

Issue

Category Nos Bid Bid (x)
QIB 32085713 1779682480 55.5x
NII 24064286 240286800 10x
Retail 56150000 79159240 1.4x
EMP 285714 1633520 5.7x
Total 130442855 2176766380 16.7x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

HDB Financial Services Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Operating Revenue 7027 8725 10756 10945 11306 12403 14173 16300
Other Income 0 5 0 28 21 22 1 1
Total Income 7027 8730 10757 10973 11327 12425 14174 16302
Total Expenditure 3097 3610 5101 6456 6536 6153 5817 6746
Operating Profit 3930 5119 5656 4517 4792 6272 8357 9556
Interest Expense 2449 3333 4081 3908 3345 3533 4907 6433
Depreciation 45 62 110 108 99 112 145 194
Profit Before Tax 1436 1724 1464 501 1348 2627 3305 2928
Provision for Tax 503 571 460 109 336 668 844 752
Profit After Tax 933 1153 1005 391 1011 1959 2461 2176
Adjustments 0 0 0 0 0 0 0 0
Profit After Adjustments 933 1153 1005 391 1011 1959 2461 2176
Adjusted Earnings Per Share 11.9 14.7 12.8 5 12.8 24.8 31 27.3

HDB Financial Services Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 6040 7178 8018 8446 9540 11437 13743 15820
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 22169 29135 31914 34875 31618 35352 48763 50961
Current Liability 16364 20130 21081 19328 21557 23766 30653 42533
Other Liabilities & Provisions 577 -19 -5 -139 -637 -479 -206 -240
Total Liabilities 45151 56424 61008 62510 62078 70076 92952 109074
Loans 31351 36556 39416 40101 35863 41964 55245 67075
Investments 1 1 1 138 89 58 40 16
Fixed Assets 137 123 348 270 244 333 185 275
Other Loans 26 26 32 29 252 73 67 71
Other Non Current Assets 0 43 16 13 167 3 280 535
Current Assets 13636 19674 21194 21960 25464 27645 37137 41101
Total Assets 45151 56424 61008 62510 62078 70076 92952 109074

HDB Financial Services Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 70 62 335 356 754 477 396 648
Cash Flow from Operating Activities -8186 -8991 -3032 -342 1957 -6851 -16736 -13626
Cash Flow from Investing Activities -49 -181 -1204 131 -703 973 -2146 1159
Cash Flow from Financing Activities 8226 9445 4257 608 -1500 5796 19134 12770
Net Cash Inflow / Outflow -8 273 21 398 -246 -81 252 303
Closing Cash & Cash Equivalent 62 335 356 754 508 396 648 950

HDB Financial Services Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 11.92 14.68 12.76 4.96 12.8 24.76 31.03 27.34
CEPS(Rs) 12.5 15.47 14.15 6.33 14.05 26.17 32.86 29.79
DPS(Rs) 1.6 1.8 0 0 1 1.1 3 3
Book NAV/Share(Rs) 76.86 90.88 101.18 106.23 120.24 144.02 172.41 197.47
Net Profit Margin 13.28 13.22 9.34 3.58 8.95 15.8 17.36 13.35
Operating Margin 55.29 57.97 51.56 40.29 41.51 49.67 57.94 57.43
PBT Margin 20.44 19.76 13.61 4.57 11.92 21.18 23.32 17.96
ROA(%) 2.07 2.27 1.71 0.63 1.62 2.97 3.02 2.15
ROE(%) 15.51 17.53 13.3 4.79 11.31 18.75 19.63 14.81
ROCE(%) 9.3 10.75 10.07 7.56 8 9.87 10.64 9.79
Price/Earnings(x) 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0
EV/Net Sales(x) 5.18 5.2 4.65 4.58 4.34 4.43 5.25 5.35
EV/Core EBITDA(x) 9.26 8.87 8.85 11.11 10.25 8.77 8.91 9.13
Interest Earned Growth(%) 0 24.16 23.29 1.75 3.3 9.7 14.27 15.01
Net Profit Growth 0 23.6 -12.87 -61.04 158.36 93.73 25.59 -11.58
EPS Growth(%) 0 23.17 -13.08 -61.12 157.95 93.49 25.33 -11.88
Interest Coverage(x) % 1.59 1.52 1.36 1.13 1.4 1.74 1.67 1.46

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% 13% 9% 0%
Operating Profit CAGR 14% 26% 11% 0%
PAT CAGR -12% 29% 17% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 15% 18% 14% 14%
ROCE Average 10% 10% 9% 10%

Company Contact Information

HDB Financial Services Ltd.

Dipti Jayesh Khandelwal

+91 22 4911 6350

investorcommunications@hdbfs.com

Radhika , 2nd Floor Law Garden Road Navrangpura

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Registrar Info

HDB Financial Services Ltd.

MUFG Intime India Pvt Ltd.

C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai Mumbai City Maharashtra 400083

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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