India’s IPO space is heating up as HDB Financial Services Ltd, a subsidiary of HDFC Bank, gears up to launch the country’s largest-ever NBFC IPO on June 25, 2025. Market participants and retail investors are closely watching this highly anticipated listing due to its scale, pedigree, and potential for long-term value creation.
Here’s a complete breakdown of everything you need to know about the HDB Financial IPO — including price, dates, GMP trends, and expert outlook.
🏦 HDB Financial IPO: Key Details
IPO Opening Date: June 25, 2025
IPO Closing Date: June 27, 2025
Issue Type: Offer for Sale (OFS) by HDFC Bank
Expected Size: ₹10,000–₹12,000 crore
Price Band (Expected): ₹825 – ₹875 per share
Lot Size: Likely 17–18 shares per lot
Face Value: ₹10 per share
Listing Date: July 3, 2025
Stock Exchanges: NSE & BSE
📈 Grey Market Premium (GMP) Update
As of June 23, the GMP for HDB Financial IPO stands at ₹85–₹95, reflecting strong investor interest and the brand strength of the HDFC group. This indicates a 10–12% premium over the upper price band.
🧾 About HDB Financial Services
HDB Financial Services is a leading non-banking finance company (NBFC) focused on:
Personal loans
Business loans
Gold loans
Consumer durable financing
Vehicle loans
Loan servicing and collections
It has a vast retail footprint with 1,500+ branches, and a customer base of over 10 million. Backed by strong HDFC group governance and risk controls, the company is well-positioned in India’s booming credit ecosystem.
📊 Financial Highlights
FY24 Revenue: ₹15,800 crore
Net Profit: ₹2,450 crore
Net NPA: Below 1.4%
Return on Equity (RoE): ~15%
Capital Adequacy Ratio (CAR): 20.1%
🌟 Why Investors Are Interested
🔹 Strong HDFC parentage and trust factor
🔹 Robust profitability and asset quality
🔹 India’s rising demand for retail credit and NBFC lending
🔹 Limited public float available, driving scarcity premium
Analysts are projecting solid long-term fundamentals, especially given the financial discipline and digital transformation led by the HDFC group.
❓ FAQ Section
Q1: When does the HDB Financial IPO open and close?
A: The IPO opens on June 25, 2025, and closes on June 27, 2025.
Q2: What is the price band for the HDB IPO?
A: The expected price band is ₹825 – ₹875 per share.
Q3: What is the Grey Market Premium (GMP) for HDB IPO?
A: The GMP is currently around ₹85–₹95, indicating strong listing expectations.
Q4: How can I apply for the HDB IPO?
A: You can apply through ASBA via your net banking portal or any stock broker app like Zerodha, Groww, Upstox, etc.
Q5: Is HDB Financial a profitable company?
A: Yes. It reported a net profit of ₹2,450 crore in FY24 and maintains strong asset quality and capital ratios.
Q6: Will this IPO include a fresh issue?
A: No. It is a pure Offer for Sale (OFS) by parent company HDFC Bank.
Q7: Is it a good IPO to invest in?
A: With a strong parent, healthy financials, and consistent growth, many analysts see this as a quality NBFC listing. However, always consult a financial advisor before investing.
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Reported by Benny on June 23, 2025.
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