HDB Financial Services IPO Date Live : The much anticipated and the biggest NBFC issue of the year- Rs 12,500 crore initial public offering (IPO) of opens for subscription on Wednesday, June 25. It will remain open until Friday, June 27.
The mainboard IPO combines a fresh issue of Rs 2,500 crore and an offer for sale of Rs 10,000 crore from HDFC Bank. HDFC Bank is the promoter of HDB Financial holds 750,596,670 equity shares of the company of face value of Rs 10, equivalent to 94.04 per cent of the pre-offer issued.
HDB Financial Services IPO: 5 key factors to watch out for
If you are keen about applying for the issue, here are 5 important factors to watch
1. Price Band: The IPO price band has been fixed in the range of Rs 700 – 740 per equity share of the face value of Rs 10.
2. GMP: The HDB Financial Services IPO is up nearly 11%. This is still at a significant discount to the spike seen in the unlisted share price before the IPO date was announced. Prices were hovering around Rs 1,250 per share. This is nearly 50% more than the higher end of the price band and implies notional loss for those who are invested in the unlisted share price.
3. Combination of OFS, fresh issue: The IPO is a combination of fresh issue and offer for sale. The proceeds from the fresh issue would be used for expansion.
4. Biggest NDFC issue: The Rs 12,500 crore HDB Financial Services IPO is among the largest NBFC issues in recent times and the 5th biggest, in terms of issue size, in the last 20 years. Apart from this, the top 5 IPOs in last 2 decades include Hyundai, LIC, Paytm, Coal India.
5. Key risk: The primary risk for the HDB Financial Services IPO is that the company uses HDFC name under a licencing agreement. A change in this arrangement may have future implications.
Keep following this blog for all the latest update on the the business dynamics and GMP trends. We will be bringing you fresh updates every 30 minutes.
HDB Financial Services IPO Live Updates GMP Price Band Listing Date Business Details IPO Latest Updates
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10:44 (IST) 24 Jun 2025
HDB Financial Services IPO Live Updates: Objective of the issue
As HDB Financial Services gears up for its much-anticipated Rs 12,500 cror , investors are curious about where the money is going. The offer is a mix of two components – a fresh issue and an offer for sale (OFS). The fresh issue is where the company raises new funds by issuing additional shares. HDB plans to use it to strengthen its Tier-I capital, the financial cushion that supports lending and future expansion.
On the other hand, the offer for sale involves the promoter, selling part of its stake to the public. The proceeds from this part won’t go to the company rather it goes directly to the selling shareholder.
A small portion of the fresh issue proceeds will also be used to cover IPO-related expenses such as legal fees, advertising, and regulatory costs. These will be shared between the company and the promoter. Importantly, none of the fresh issue money will flow back to the promoters or affiliated entities.
10:15 (IST) 24 Jun 2025
HDB Financial Services IPO Live Updates: Financial performance
Talking of the HDB Financial performance, as of September 30, 2024, the company’s gross loan book had reached Rs 98,620 crore, reflecting a strong compound annual growth rate (CAGR) of 21% since FY22.
The company’s total assets under management (AUM) stood at Rs 90,230 crore, showing the scale at which it operates. On the profitability front, HDB Financial posted a net profit of Rs 2,460.8 crore in FY24, up from Rs 1,620 crore in FY22.
Key profitability ratios further support this trend. HDB recorded a Return on Assets (ROA) of 3.03% and a Return on Equity (ROE) of 19.55%, with net interest margins (NIM) staying above 7%. When it comes to asset quality, the numbers were stable – gross non-performing assets (GNPA) stood at 1.90% and net NPA at 0.63%, backed by a provision coverage ratio (PCR) of 61%.
09:50 (IST) 24 Jun 2025
HDB Financial Services IPO Live Updates: GMP trend
Ahead of its opening, HDB Financial Services shares are trading at a premium of around Rs 80, suggesting a potential listing price of Rs 820. This is nearly 11% higher than the IPO’s upper price band of Rs 740.
However, it is important to note that the grey market premium is unofficial and purely indicative. The actual listing price may vary based on market sentiment and demand on the day of listing.
09:42 (IST) 24 Jun 2025
HDB Financial Services IPO Live Updates: Price band and lot size
HDB Financial Services comes with a price band of Rs 700 to Rs 740 per share. For those applying under the retail category, the minimum investment starts at just one lot – 20 shares which works out to Rs 14,000 at the upper end of the price band.
But for non-institutional investors (NIIs), the entry point is higher. A small NII will need to apply for at least 14 lots or 280 shares, which totals approximately Rs 2.07 lakh. Meanwhile, a large NII must bid for a minimum of 68 lots or 1,360 shares, requiring an investment of around Rs 10.06 lakh.
09:11 (IST) 24 Jun 2025
HDB Financial Services IPO Live Updates: Top market players gear up for HDB Financial IPO management
Some of the biggest names in the financial world are joining forces to manage the much-anticipated Rs 12,500 crore HDB Financial Services . A total of 13 investment banks have been roped in as book-running lead managers for the issue. These include BNP Paribas, BofA Securities India, Goldman Sachs India, HSBC Securities, IIFL Capital, Jefferies India, Morgan Stanley India, Motilal Oswal Investment Advisors, Nomura India, Nuvama Wealth, and UBS Securities India.
Meanwhile, MUFG Intime India (formerly known as Link Intime) has been appointed as the registrar for the IPO, handling share allotment and investor communication throughout the process.
08:56 (IST) 24 Jun 2025
HDB Financial Services IPO Live Updates: IPO opens on June 25
HDB Financial Services, a subsidiary of , is all set to launch its much-awaited Rs 12,500 crore initial public offering on June 25. The issue will remain open for three days and conclude on June 27.
The IPO is a mix of fresh shares and an offer for sale (OFS). While Rs 2,500 crore will be raised through a fresh issue of 3.38 crore equity shares, the remaining Rs 10,000 crore will come from the sale of 13.51 crore shares by parent company HDFC Bank. The price band for the IPO has been fixed between Rs 700 and Rs 740 per share.
08:37 (IST) 24 Jun 2025
HDB Financial Services IPO Live Updates: Welcome
Hello everyone! Welcome to the HDB Financial Services live blog of FinancialExpress.com. You can find latest news of the public issue on this blog every 20 mins.