The HDB Financial Services Limited IPO is opening on 25 June 2025 and will close on 27 June 2025. This is a mainboard IPO raising ₹12500 crore from a combination of a fresh issue of 3.38 crore equity shares amounting to ₹2500 crore and an offer for sale of 13.51 crore shares amounting to ₹10000 crore.
The HDB Financial Services IPO allotment date will be decided on Monday, 30 June 2025. HDB Financial Services shares will be tentatively listed on BSE and NSE on Wednesday, 2 July 2025.
The HDB Financial Services price band has been set between ₹700 and ₹740 per share. The lot size decided for the IPO is 20 shares, which makes the minimum investment for the retail investors ₹14000. However, to avoid the oversubscription rush, it is better to bid at the cutoff price, which makes the minimum investment as ₹14800. For sNII, the minimum subscription is 14 lots, which amounts to ₹207200, and for bNII, it is 68, amounting to ₹1006400.
Here Are the Quick Steps to Apply for the HDB Financial Services IPO with the Best IPO App!
HDB Financial Services BSE NSE IPO Details
| Detail | Information |
| IPO Opening Date | June 25, 2025 |
| IPO Closing Date | June 27, 2025 |
| Tentative IPO Listing Date | July 2, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹700 to ₹740 per share |
| Lot Size | 20 shares |
| Total Issue Size | 168918918 Shares (₹12500 Cr.) |
| Fresh Issue | 33783783 Shares (₹2500 Cr.) |
| OFS | 135135135 Shares (₹10000 Cr.) |
| IPO Segment | Book Building IPO |
| Listing At | BSE & NSE |
| Shareholding Pre-Issue | 793963540 shares |
| Shareholding post-issue | 827747323 shares |
HDB Financial Services Limited | Company Overview
HDB Financial Services Limited was incorporated in 2007 to offer retail non-banking financial services. It also offers business process outsourcing services, which include –
- Back-office services
- Collections
- Sales support services to promoters
- Fee-based products like insurance for the existing clients of the company
Its omni-channel “Phygital” distribution model is another vertical of the NBFC working with large branch networks, various external distribution networks, in-house tele-calling teams, and channel partners.
Coming to the primary revenue sources and business verticals of the company, these include –
- Enterprise lending, under which the NBFC offers a wide range of secured and unsecured loans to the MSMEs and a certain category of salaried people via its branch networks.
- Under the Consumer Finance segment, personal loans are offered by HDB Financial Services.
- Asset finance, under this segment, loans are offered for buying and acquiring used and commercial vehicles, tractors, construction equipment, basically assets that generate income for the borrowers.
As of 31 March 2025, the pan-India network of 1771 branches of HDB Financial is present, and these branches are located mostly outside of the 20 largest cities. Around 1170 towns and cities across 31 states are covered with the branch network.
HDB Financial Services Limited IPO | Key Details
- HDB Financial Services IPO Opening Date: June 25, 2025,
- HDB Financial Services IPO Closing Date: June 27, 2025.
- Allotment Date: June 30, 2025
- Price Band: ₹700 to ₹740 per share
- Lot Size: 20 shares
- Refunds Initiated: July 1, 2025
- Shares Credited to Demat: July 1, 2025
- Listing Date: July 2, 2025
HDB Financial Services Ltd: Financial Overview
HDB Financial Services Limited’s profit margin fell by 11.6%, while the revenue increased by 15% during FY25.
Here is a snapshot of the financials –
Amounts in ₹ Crore
| Financial Information | 31-Mar-25 | 31-Mar-23 | Change | Change (%) |
| Assets | 1,08,663.29 | 92,556.51 | 16107 | 17.40210386 |
| Revenue | 16,300.28 | 14,171.12 | 2129.2 | 15.02464167 |
| Profit After Tax | 2,175.92 | 2,460.84 | -284.92 | -11.5781603 |
| EBITDA | 9,512.37 | 8,314.13 | 1198.2 | 14.41209122 |
| Net Worth | 14,936.50 | 12,802.76 | 2133.7 | 16.66625009 |
| Reserve & Surplus | 15,023.97 | 12,949.63 | 2074.3 | 16.01852717 |
| Total Borrowing | 87,397.77 | 74,330.67 | 13067 | 17.57968817 |
HDB Financial Services Ltd IPO | FAQs
HDB Financial Services Ltd is engaged in non-banking financial services to the retail customers and MSMEs.
The tentative IPO listing date of HDB Financial Services has been fixed as Wednesday, 2 July 2025.
The bidding date for the HDB Financial Services IPO is June 25, 2025, and it will continue until June 27, 2025.
The minimum IPO lot size for HDB Financial Services is 20 shares, for sNII, it is 14 lots, and for bNII, it is 68.
The IPO allotment is expected to be finalized on Monday, June 30, 2025.
The IPO face value is set at ₹10 per share.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.