HDB Financial Services
IPO Timeline
Issue open date
25 Jun 2025Issue close date
27 Jun 2025UPI mandate deadline
27 Jun 2025Allotment finalization
28 Jun 2025Refund initiation
1 Jul 2025Share credit
1 Jul 2025Listing date
2 Jul 2025Mandate end date
12 Jul 2025Lock-in end date for anchor investors (50%)
28 Jul 2025Lock-in end date for anchor investors (remaining)
26 Sep 2025Grey Market Premium Trend
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 1 Jan | ₹74 | ₹814 | 10.00% |
| 30 Jun | ₹71 | ₹811 | 9.59% |
| 1 Jan | ₹68 | ₹808 | 9.19% |
| 28 Jun | ₹57 | ₹797 | 7.70% |
| 27 Jun | ₹55 | ₹795 | 7.43% |
| 1 Jan | ₹57 | ₹797 | 7.70% |
| 25 Jun | ₹60 | ₹800 | 8.11% |
| 24 Jun | ₹51 | ₹791 | 6.82% |
| 1 Jan | ₹74 | ₹814 | 10.00% |
| 22 Jun | ₹66 | ₹806 | 8.92% |
| 21 Jun | ₹48 | ₹788 | 6.42% |
| 20 Jun | ₹49 | ₹789 | 6.62% |
| 19 Jun | ₹91 | ₹831 | 12.30% |
| 18 Jun | ₹83 | ₹823 | 11.22% |
| 17 Jun | ₹105 | ₹845 | 14.12% |
| 16 Jun | ₹93 | ₹833 | 12.57% |
| 15 Jun | ₹93 | ₹833 | 12.57% |
| 14 Jun | ₹0 | ₹740 | 0.00% |
| 13 Jun | ₹0 | ₹740 | 0.00% |
| 12 Jun | ₹0 | ₹740 | 0.00% |
| 1 Jan | ₹75 | ₹815 | 10.14% |
| 1 Jul | ₹71 | ₹811 | 9.59% |
| 1 Jan | ₹68 | ₹808 | 9.19% |
Key Dates
Quick Stats
Issue Details
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Additional Resources
About the Company
Founded in 2007, HDB Financial Services is a subsidiary of HDFC Bank. It operates as a non-banking financial company (NBFC) that provides a mix of secured and unsecured loans across different customer groups. It offers its financial products in three main areas: Enterprise Lending (39.85%): It provides secured and unsecured loans to micro, small, and medium enterprises (MSMEs) to help them grow their businesses and meet working capital needs. Asset Finance (37.36%): Offering secured loans for income-generating assets like commercial vehicles, construction equipment, and tractors, mainly serving customers in the transportation and heavy machinery sectors. Consumer Finance (22.79%): Provides both secured and unsecured loans for consumer goods, digital products, vehicles, and personal expenses, meeting the lifestyle and financial needs of individual customers. As of September 30, 2024, HDB Financial Services has 1,772 branches across 31 states and union territories, with over 80% located outside major metropolitan areas. The extensive distribution network is strengthened by partnerships with over 80 brands, original equipment manufacturers (OEMs), and more than 140,000 retailers and dealer touchpoints across India.
Strengths
- Large, fast-growing customer base focused on underbanked customer segments.
- Diverse loan portfolio with a strong track record across cycles.
- Efficient digital onboarding and loan disbursement processes.
- Data-driven cross-selling capabilities maximise customer lifetime value.
- Advanced technology for credit underwriting and collections management.
- Highly experienced leadership team with deep industry expertise.
- Strategic parentage of HDFC Bank, enhancing brand equity and trust
Risks
- Macro-economic downturn in India could harm business and finances
- High reliance on unsecured loans lacking collateral
- Decreased collateral value for secured loans may incur losses
- Dependence on the Promoter, potentially conflicting with shareholders’ interests.
- Intense competition within India’s lending services industry
- Non-compliance with RBI regulations risks penalties and restrictions
HDB Financial Services IPO – Frequently Asked Questions
- The price band for the HDB Financial Services IPO is set at ₹700 to ₹740 per share.
- The HDB Financial Services IPO opens on June 25, 2025 and closes on June 27, 2025.
- The tentative listing date for the HDB Financial Services IPO is July 2, 2025.
- You can apply for the HDB Financial Services IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose HDB Financial Services, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the HDB Financial Services IPO is 20 shares. Investors must apply for at least one lot (i.e., 20 shares).