# Everything you need to know about HDB Financial Services IPO
**URL:** https://tradingqna.com/t/everything-you-need-to-know-about-hdb-financial-services-ipo/183546
**Category:** General
**Created:** [June 23, 2025, 11:09am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-hdb-financial-services-ipo/183546 "2025-06-23T11:09:30Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@Shruthi](https://tradingqna.com/u/Shruthi)
#### Post date: [June 23, 2025, 11:09am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-hdb-financial-services-ipo/183546/1 "2025-06-23T11:09:30Z")
### About
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.
### IPO schedule
| Issue open date | 2025-06-25 |
| --- | --- |
| Issue close date | 2025-06-27 |
| UPI mandate deadline | 2025-06-27 (5 PM) |
| Allotment finalization | 2025-06-28 |
| Refund initiation | 2025-07-01 |
| Share credit | 2025-07-01 |
| Listing date | 2025-07-01 |
| Mandate end date | 2025-07-12 |
| Lock-in end date for anchor investors (50%) | 2025-07-28 |
| Lock-in end date for anchor investors (remaining) | 2025-09-26 |
### Financials
| **Financial Year Ended** | **March 2022** | **March 2023** | **March 2024** | **March 2025** |
| --- | --- | --- | --- | --- |
| Total Assets | 62025.94 | 70050.39 | 92556.51 | 108663.29 |
| Revenue | 11306.29 | 12402.88 | 14171.12 | 16300.28 |
| Profit After Tax | 1011.40 | 1959.35 | 2460.84 | 2175.92 |
### Issue size
| **Funds Raised in the IPO** | **Amount** |
| --- | --- |
| Overall | ₹12500 crores |
| Fresh Issue | ₹2500 crores |
| Offer for sale | ₹10000 crores |
### Utilisation of proceeds
| **Purpose** | **INR crores (%)** |
| --- | --- |
| Augmentation of the Company’s Tier–I capital base to meet the company’s future capital requirements | 2500 (100%) |
### 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
### Frequently Asked Questions (FAQs)
#### 1. When is the HDB Financial Services IPO date?
The HDB Financial Services IPO opens for subscription on June 25, 2025, and closes on June 27, 2025.
#### 2. What is the share price of the HDB Financial Services IPO?
The price band for the HDB Financial Services IPO is set at ₹700 to ₹740 per share.
#### 3. What is the lot size of the HDB Financial Services IPO?
The lot size for the HDB Financial Services IPO is 20 shares, and the minimum order quantity is 20 shares.
#### 4. Is there any discount for Employees in HDB Financial Services IPO?
There is no discount for the Employee (EMP) category of HDB Financial Services shares.
#### 5. Is there any eligibility criteria for the shareholder category in HDB Financial Services IPO?
Investors holding at least one HDFC Bank share on the date of the RHP filing, i.e., 19th June, are eligible to apply in the Shareholder category. There is a limit of ₹ 2 lakh for applying in this category.
#### 6. How to apply for HDB Financial Services IPO?
To buy HDB Financial Services IPO shares, follow these steps:
1. Login to your Zerodha account.
2. Tap on Bids.
3. Tap on IPO.
4. Select the HDB Financial Services IPO from the ongoing list of IPOs and tap on Apply.
5. Tap on Apply again and enter the UPI ID.
6. Enter or edit the Quantity and the Price.
7. Tap on the undertaking tick box and swipe the Submit button.
8. Accept the mandate on the UPI app.
For more detailed guidance, please refer to the [How to Apply for IPO](https://support.zerodha.com/category/console/ipo/ipo-application/articles/how-to-apply-for-ipos-and-how-to-stay-informed-of-new-ones) support article.
#### 7. How can I pre-apply for the HDB Financial Services IPO?
To pre-apply for the HDB Financial Services IPO in Zerodha Kite, follow these steps:
1. Click on “Bids.”
2. Select “IPO.”
3. A list of IPOs will be displayed select the HDB Financial Services IPO and tap on “Pre-apply.”
4. Choose your investor type: Individual or Employee.
5. Tap on “Pre-apply.”
6. Enter your UPI ID.
7. Enter or edit the quantity and price.
8. Tick the undertaking box and swipe on the “Submit” button.
Accept the mandate on the UPI app; it will be sent after 10 AM on the IPO start date.
For more detailed guidance, please refer to the [How to pre-apply for IPO](https://support.zerodha.com/category/console/ipo/ipo-application/articles/pre-apply-ipos) support article.
---
### Author:  [@Yash\_Chhabra1](https://tradingqna.com/u/Yash_Chhabra1)
#### Post date: [June 24, 2025, 8:29am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-hdb-financial-services-ipo/183546/2 "2025-06-24T08:29:15Z")
Hi Shruthi. Thanks for this info.
Can you please also tell the P/B , P/E post the equity raise. And how does it compare to the industry peers.
Also can you please tell why the PAT declined in Mar’25 vs Mar’24
Since total assets and revenue grew YOY, decline in PAT prima facie looks to because of higher provisions.
Can you please tell the NPA % for HDB book and it’s trend over the past few years.
Also the ROE, ROA and NIM for the past few years.
What would be HDFC Bank shareholding post the IPO and what is RBi mandate / glidepath for future shareholding by HDFC Bank.
Finally what % of the IPO shares are reserved for HDFC Bank shareholders
The above will help to make informed decision
Thanks a lot!
---
### Author:  [@nithin\_kumrr](https://tradingqna.com/u/nithin_kumrr)
#### Post date: [June 24, 2025, 2:54pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-hdb-financial-services-ipo/183546/3 "2025-06-24T14:54:37Z")
> **[Understanding the HDB Financial Services IPO](https://finshots.in/archive/understanding-the-hdb-financial-services-ipo/)**
>
> A story that dives into the HDB Financial Services IPO.
---
### Author:  [@Shruthi](https://tradingqna.com/u/Shruthi)
#### Post date: [June 25, 2025, 9:06am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-hdb-financial-services-ipo/183546/4 "2025-06-25T09:06:04Z")
> [@Yash\_Chhabra1](#):
>
> Hi Shruthi. Thanks for this info.
> Can you please also tell the P/B , P/E post the equity raise. And how does it compare to the industry peers.
>
> Also can you please tell why the PAT declined in Mar’25 vs Mar’24
> Since total assets and revenue grew YOY, decline in PAT prima facie looks to because of higher provisions.
>
> Can you please tell the NPA % for HDB book and it’s trend over the past few years.
>
> Also the ROE, ROA and NIM for the past few years.
>
> What would be HDFC Bank shareholding post the IPO and what is RBi mandate / glidepath for future shareholding by HDFC Bank.
>
> Finally what % of the IPO shares are reserved for HDFC Bank shareholders
>
> The above will help to make informed decision
> Thanks a lot!
Hi, you can check the **“Fundamentals”** section in the IPO order window on Kite — it includes key ratios, peer comparisons, and shareholding details and more. For deeper insights, including reasons behind PAT changes and RBI shareholding guidelines, please [refer to the RHP.](https://www.sebi.gov.in/filings/public-issues/jun-2025/hdb-financial-services-limited-rhp_94689.html)
