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HDB Financial Services Limited is launching its Rs 12,500 crore IPO, open for subscription from 25th to 27th June. The issue comprises a fresh issue of Rs 2,500 crore and an offer-for-sale worth Rs 10,000 crore. These shares will be listed on both the BSE and NSE.
This is a book-building issue, with a minimum investment of Rs 14,800 for retail investors.
- Small NIIs need to invest Rs 2,07,200 for 280 shares (14 lots)
- Large NIIs must invest Rs 10,06,400 for 1,360 shares (68 lots)
MUFG Intime India is the registrar, while BNP Paribas, JM Financial, BofA Securities India, Goldman Sachs (India) Securities, HSBC Securities & Capital Markets, IIFL Capital Services, Jefferies India, Morgan Stanley India, Motilal Oswal Investment Advisors, Nomura Financial Advisory And Securities (India), Nuvama Wealth Management, UBS Securities India are the book-running lead managers.
HDB Financial Services IPO GMP Today
The latest updated GMP of HDB Financial Services IPO is Rs 65, as of 27th June, 2025 12:30 PM. The IPO has a price band of Rs 740. The estimated listing price for HDB Financial Services IPO is Rs 805, reflecting a potential gain of 8.78% per share.
| Date | GMP | Expected Listing Price | Last Updated |
| 27-06-2025 | Rs 65 | Rs 805 | 12:30 PM |
| 26-06-2025 | Rs 51.5 | Rs 791.5 | 11:00 AM |
| 25-06-2025 | Rs 57 | Rs 797 | 2:30 PM |
| 24-06-2025 | Rs 74 | Rs 814 | 11:30 PM |
| 23-06-2025 | Rs 66 | Rs 806 | 11:30 PM |
| 22-06-2025 | Rs 47.5 | Rs 787.5 | 11:30 PM |
| 21-06-2025 | Rs 49 | Rs 789 | 11:30 PM |
| 20-06-2025 | Rs 91 | Rs 831 | 11:30 PM |
| 19-06-2025 | Rs 83 | Rs 823 | 11:30 PM |
Everything You Need to Know About the HDB Financial Services IPO
| Face Value | Rs 10 per Share |
| Lot Size | 20 Shares |
| Price Band | Rs 700 to Rs 740 |
| Listing At | BSE, NSE |
| Total Issue Size | 16,89,18,918 Shares (aggregating up to Rs 12,500 Cr) |
| Fresh Issue | 3,37,83,783 Shares (aggregating up to Rs 2,500 Cr) |
| Offer-for-Sale | 13,51,35,135 Shares (aggregating up to Rs 10,000 Cr) |
| DRHP | Click Here |
| RHP | Click Here |
HDB Financial Services IPO Timeline
| Opening – Closing Dates | 25th June – 27th June |
| Cut-off Time for UPI Mandate Approval | 5 PM on 27th June |
| IPO Allotment | 30th June |
| Amount Refund | 1st July |
| Credit of Shares | 1st July |
| Listing Date | 2nd July |
Investment Limits & Lot Size for HDB Financial Services IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 20 | Rs 14,800 |
| Retail (Max) | 13 | 260 | Rs 1,92,400 |
| S-HNI (Min) | 14 | 280 | Rs 2,07,200 |
| S-HNI (Max) | 67 | 1,340 | Rs 9,91,600 |
| B-HNI (Min) | 68 | 1,360 | Rs 10,06,400 |
HDB Financial Services Company Details
HDB Financial Services Limited is a retail-focused NBFC (non-banking financial company) founded in 2007. The company offers loans and BPO (business process outsourcing) services.
It follows a “phygital” model, combining a wide branch network with digital and tele-calling services to reach customers across India.
Key Business Areas:
- Enterprise Lending: Offers secured and unsecured loans to MSMEs and salaried individuals.
- Asset Finance: Provides loans for commercial vehicles, construction equipment, and tractors — helping customers buy income-generating assets.
- Consumer Finance: Personal and household loans for individual needs.
Reach and Presence:
- As of 31st March, 2025, HDB had 1,771 branches across 1,170 towns and cities in 31 states and UTs.
- Over 80% of branches are outside India’s 20 biggest cities.
Workforce:
- The company employed 60,432 people in FY25, up from 56,560 in FY24 and 45,883 in FY23.
HDB Financial Services Financials
| Period Ended | 31st Mar, 2025 | 31st Mar, 2024 |
| Assets (in Rs Cr.) | 1,08,663.29 | 92,556.51 |
| Revenue (in Rs Cr.) | 16,300.28 | 14,171.12 |
| Profit After Tax (in Rs Cr.) | 2,175.92 | 2,460.84 |
Financial Performance:
Revenue: The company generated Rs 16,300.28 crore in revenue during the period ended on 31st March, 2025.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 14,936.50 crore.
Financial Position:
Assets: The company’s total assets amounted to Rs 1,08,663.29 crore as of March 2025. Assets have grown significantly, indicating potential expansion and investment.
HDB Financial Services IPO FAQs
- What is the issue price band of the HDB Financial Services Limited IPO?
The issue price band for the HDB Financial Services IPO is Rs 700 to Rs 740 per share.
- What is the issue size of the HDB Financial Services IPO?
The total issue size of the IPO is Rs 12,500 crores.
- What is the lot size for the HDB Financial Services IPO?
Each lot consists of 20 shares, with a minimum investment of Rs 14,800.
- What are the allotment and listing dates for the HDB Financial Services IPO?
The allotment is set for 30th June, and the listing is scheduled for 2nd July.
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