🏢 Company Overview
HDB Financial Services Ltd is a non-banking financial company (NBFC), and a subsidiary of HDFC Bank, India’s largest private sector bank.
- Incorporated: 2007
- Headquarters: Mumbai, Maharashtra
- Parent Company: HDFC Bank (holds over 95% stake pre-IPO)
Website: https://www.hdbfs.com
📊 Core Business Activities
HDB Financial focuses on providing retail loans, asset financing, and BPO services. Key verticals include:
- Retail Lending:
- Personal Loans
- Business Loans
- Auto Loans
- Gold Loans
- Consumer Durable Loans
- Enterprise Lending:
- Loan against property
- Working capital finance
- Commercial vehicle and equipment finance
- BPO Services:
- Collection and recovery services
- Back-office support (through its subsidiary HDB Financial Services BPO)
💼 IPO Details
| Detail | Info |
| IPO Size | ₹9,000 crore (approx) |
| Issue Price | ₹740 per share |
| Lot Size | 20 shares |
| IPO Dates | June 25 – June 27, 2025 |
| Listing Date | July 2, 2025 |
| Exchange | BSE & NSE |
| GMP (Grey Market Premium) | ₹65–₹75 (before listing) |
| Listing Price | ₹835 (approx. 13% premium) |
📈 Financials (as of FY24)
| Metric | Value |
| Revenue | ₹13,500 crore+ |
| Net Profit | ₹1,800 crore+ |
| Total Assets Under Management (AUM) | ₹80,000 crore+ |
| Capital Adequacy Ratio | ~20% |
| Branches | 1,500+ across 1,000+ cities |
HDB’s financial performance has remained strong post-pandemic, with declining NPAs and growing demand for personal and SME loans.
🏅 Key Strengths
- Backed by HDFC Bank, ensuring strong parentage and trust.
- Diversified loan portfolio across retail and enterprise sectors.
- Strong presence in Tier 2 and Tier 3 cities, helping in financial inclusion.
- High loan recovery rates and a robust risk management framework.
⚠️ Risks and Challenges
- NBFC sector volatility due to regulatory and liquidity constraints.
- Exposure to unsecured retail loans can increase default risk during economic slowdowns.
- Competition from fintech startups and other NBFCs like Bajaj Finance, Tata Capital.
📌 Summary
HDB Financial Services is a well-established NBFC with stable growth, backed by HDFC Bank. The company has shown consistent financial performance and is considered a reliable player in the Indian financial services sector. Its IPO listing gained attention due to its large issue size and strong market response.
The HDB Financial Services IPO allotment has been finalized – shares were allotted on June 30, 2025, and refunds/credits were processed on July 1. Listing occurred at 10:00 AM IST on July 2 on both BSE and NSE
✅ How to Check Your Allotment Status
You can easily verify allotment via any of these platforms:
- BSE: Visit the “Application Status” section, select “Equity,” choose HDB Financial Services, then input your Application No. or PAN
- NSE: Check ‘IPO – Application Status’ after logging in with your PAN or other details
📈 Grey Market Premium (GMP)
GMP gives a sense of expected listing performance. Here’s the latest snapshot:
| Source | GMP (₹) | Estimated Listing Gain |
| LiveMint / Investorgain | ₹65 | ~8.8% (target ₹805) |
| EconomicTimes Live Updates | ₹71 | ~9.6% (target ₹811) |
| Mint | ₹75 | ~10.1% (target ₹815) |
So, current GMP ranges between ₹65 and ₹75, indicating an expected listing premium of 9–10% over the ₹740 issue price.
🔍 Market Outcome Recap
IPO was fully subscribed 16.7x overall, with strong demand from QIBs, NIIs, and retail
Listing price turned out to be ₹835—a 12.84% premium over ₹740
🧭 What This Means for You
If your allotment is confirmed, the shares are already in your demat and have listed.
GMP suggested 9–10%; actual listing gain was ~13%, which is even better.
If you didn’t get allotment, you might consider buying at post-listing dips—many analysts suggest a medium- to long-term hold.
