Latest news with #HDBFinancialServicesLimited
Mint
5 hours ago
- Business
- Mint
HDB Financial Services day 1 Live: GMP, subscription status, price, date to review. Apply or not to this HDFC Bank arm?
HDB Financial Services IPO: The initial public offering (IPO) of HDB Financial Services Limited has hit the Indian primary market today. The public issue will remain open until 27 June 2025. The HDFC Bank arm company has declared the HDB Financial Services IPO price band at ₹ 700 to ₹ 740 per equity share. The book build issue is proposed for listing on the BSE and the NSE. The initial public offer aims to raise ₹ 12,500 crore from this public issue, out of which ₹ 2,500 crore is aimed at issuing fresh shares. The rest of ₹ 10,000 crore is reserved for the offer for sale (OFS). According to market observers, company shares are available in the grey market well ahead of the HDB Financial Services IPO subscription opening. They said that one share of HDB Financial Services Limited is available at a premium of ₹ 75 in the grey market today. BNP Paribas, JM Financial, BofA Securities India, Goldman Sachs India, HSBC Securities, IIFL Capital Services, Jefferies India, Morgan Stanley India, Motilal Oswal Investment Advisors, Nomura India, Nuvama Wealth Management, UBS Securities India are the book-running lead managers of the HDB Financial IPO. At the same time, MUFG Intime India Private Limited (Link Intime) is the official registrar for the issue. By 11:06 AM on day 1 of bidding, the public issue had been subscribed 0.10 times. The retail portion of the public issue had been booked 0.10 times, whereas the NII segment had been subscribed 0.14 times. 1] HDB Financial Services IPO GMP: According to market observers, the company's shares are available at a premium of ₹ 75 in today's grey market. 2] HDB Financial Services IPO price: The company has declared the price band for the book-build issue at ₹ 700 to ₹ 740 per equity share. 3] HDB Financial IPOHDB Financial Services IPO date: The public issue has opened today and will remain open until 27 June 2025. 4] HDB Financial Services IPO size: The company aims to raise ₹ 12,500 crore, of which ₹ 10,000 crore is reserved for OFS and the rest, ₹ 2,500 crore, is aimed through fresh shares. Infographic: Courtesy mintgenie 5] HDB Financial Services IPO lot size: A bidder can apply in lots, and one lot of the book build issue comprises 20 company shares. 6] HDB Financial Services IPO allotment date: The most likely date to finalise the share allocation is 30 June 2025. 7] HDB Financial IPO registrar: MUFG Intime India Private Limited (Link Intime) has been appointed the official registrar of the book build issue. 8] HDB Financial Services IPO lead managers: BNP Paribas, JM Financial, BofA Securities India, Goldman Sachs India, HSBC Securities, IIFL Capital Services, Jefferies India, Morgan Stanley India, Motilal Oswal Investment Advisors, Nomura India, Nuvama Wealth Management, UBS Securities India have been appointed lead manager of the public issue. 9] HDB Financial Services IPO listing date: The most likely date for listing shares is 2 July 2025. 10] HDB Financial Services IPO review: KR Choksey Securities has given a 'subscribe' tag to the public issue, saying, "HDB's initial issue is priced at 3.4x TTM P/B (considered equity raise for calculating TTM BV) compared to the peer average of 4.4x TTM P/B. We believe the issue is attractively priced, considering its parentage, peer group ROA average and its growth potential. We assign a "SUBSCRIBE" rating to the initial issue of the HDB Financial Service." Sharekhan has also assigned a 'subscribe' tag to the initial offer, saying, "The company is valued at an FY25 price-to-book ratio of ~3.2x/~3.4x at post-issue capital at the lower price band & upper price band respectively, which is reasonable as compared to its peers considering the growth and return ratio profile. Strong parentage and much smaller size than its core peer (Bajaj Finance) provide a long runway for growth. Additionally, a favourable macro environment will be a tailwind for the sector in the near to medium term. We expect healthy listing gains and remain assertive from a medium to long-term perspective." Apart from these, Kunvarji Finstock, Aditya Birla Money, Bajaj Broking, Canara Bank Securities, Centrum Wealth Management, Nirmal Bang, SBI Capital Securities, etc., have also been assigned a 'subscribe' tag to the HDB Financial Services IPO. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
a day ago
- Business
- Mint
HDB Financial Services IPO: Insights on Strengths, Opportunities & Financials
The HDB Financial Services Limited upcoming IPO is one of the most anticipated public offerings in 2025. As a prominent non-banking financial company (NBFC) backed by HDFC Bank, HDB Financial has carved a strong niche in India's retail finance sector. With an offеr sizе of ₹ 12,500 crorе, thе IPO prеsеnts a stratеgic opportunity for invеstors looking to participatе in India's growing financial sеrvicеs landscapе. This article offers an in-depth overview of thе HDB Financial Sеrvicеs IPO, highlighting fivе kеy insights on its structurе, strеngths, markеt opportunitiеs, and financial pеrformancе. Wе'll also еxplorе how HDFC Sky's innovativе 'Onе-Click IPO' fеaturе simplifies thе application process, offеring investors a smooth and hassle-free way to participate in thе IPO. As thеHDB Financial Services IPO draws attеntion from rеtail and institutional invеstors alikе, hеrе fivе kеy insights that highlight thе IPO's strеngths, еmеrging opportunitiеs, and financial backdrop. HDB Financial's IPO is a book-building issue scheduled to open onJune 25, 2025 and close onJune 27, 2025. The allotment is expected onJune 30, with listing on theBSE and NSE tentatively set forJuly 2, 2025. The total issue comprises16.89 crore shares, with afresh issue of 3.38 crore shares worth ₹ 2,500 crore and anoffer for sale of 13.51 crore shares worth ₹ 10,000 crore. The IPO price band is fixed between ₹ 700 to ₹ 740 per share, and the minimum lot size is20 shares, requiring a minimum investment of ₹ 14,800 for retail investors. Investors can monitor key details like subscription status, allotment updates, and timelines via theIPO dashboard, ensuring transparency and real-time insights throughout the process. The issue allocation is well-diversified across investor categories: Qualified Institutional Buyers (QIBs): 44.92% 44.92% Non-Institutional Investors (NIIs): 13.48% 13.48% Retail Individual Investors (RIIs): 31.44% 31.44% Shareholders and Employees: A combined 10.16% Incorporated in 2007, HDB Financial is aretail-focused NBFC offering loans across three verticals: Enterprise Lending for MSMEs and Salaried Professionals for MSMEs and Salaried Professionals Asset Finance for income-generating assets like vehicles and equipment for income-generating assets like vehicles and equipment Consumer Finance for personal and digital lifestyle needs It also offersBPO and fee-based services such as insurance distribution. What sets HDB apart is itsphygital distribution model, combining 1,771 branches, over 140,000 dealer touchpoints, and 80+ brand partnerships. More than80% of these branches are located outside India's 20 largest cities, enabling it to tap into underbanked rural and semi-urban markets. With over17.5 million customers, the company has cultivated a strong base by focusing on small-ticket, secured, and sustainable lending. HDB Financial leverages technology across all stages of the customer journey—from digital onboarding and credit scorecards to automated decision-making and collections. Itscredit risk framework is supported by a 4,500-member underwriting team and 12,000+ collection staff, which helps maintainstrong asset quality. With aGross Non-Performing Asset (GNPA) ratio of just1.90%, the company shows disciplined lending and recovery practices. Its advanced digital systems and data analytics enhance customer еxpеriеncе, whilе also keeping operational costs and credit losses in chеck. Despite a marginal dip in profit, HDB Financial continues to reportconsistent financial strength. Here's a snapshot of its consolidated financials ( ₹ in crore): Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023 Assets 1,08,663.29 92,556.51 70,050.39 Revenue 16,300.28 14,171.12 12,402.88 PAT 2,175.92 2,460.84 1,959.35 EBITDA 9,512.37 8,314.13 6,251.16 Net Worth 14,936.50 12,802.76 10,436.09 Borrowings 87,397.77 74,330.67 54,865.31 Key performance indicators: ROE: 14.72% 14.72% Debt/Equity Ratio: 5.85 5.85 Price to Book Value: 3.72 3.72 Post-Issue EPS: ₹ 26.29 26.29 Market Cap: ₹ 61,253 crore While profit after tax dropped by 12% year-on-year, the company showed a15% rise in revenue and continues to exhibit strong balance sheet fundamentals. The primary purpose of the IPO's fresh issue is toaugment Tier-I capital, which will strengthen the company's financial position and fund future lending under its three key verticals. This capital infusion is expected to: Support credit growth in underserved markets Enhance product innovation in secured and unsecured lending Expand reach across Tier 2, 3, and 4 towns Increase operational capacity through digital upgrades HDB's parentage—HDFC Bank Limited, which will retain a 74.19% post-issue stake—adds institutional trust and operational stability. Given theNBFC sector's projected growth of 15–17% over FY 24–27, HDB is strategically poised to gain further market share, especially in housing-linked consumer lending and MSME finance. Applying for the HDB Financial Services IPO is now easier than ever withHDFC Sky's One-Click IPO feature. Designed for speed and simplicity, this tool streamlines the application process for Mainboard andSME IPO, eliminating paperwork and reducing manual effort. Here's a step-by-step guide to help you apply: Login to HDFC Sky : Access your account using your login credentials on the HDFC Sky platform. : Access your account using your login credentials on the HDFC Sky platform. Go to the IPO Section : Click on your profile, select 'Indian Stocks,' and then choose the 'IPO' tab. : Click on your profile, select 'Indian Stocks,' and then choose the 'IPO' tab. Find the IPO : Locate 'HDB Financial Services IPO' from the available list and click on Apply Now . : Locate 'HDB Financial Services IPO' from the available list and click on . Enter Your Bid : Specify your bid amount and customise the application as needed. : Specify your bid amount and customise the application as needed. Select Payment Option : Choose UPI as the preferred payment method and continue. : Choose as the preferred payment method and continue. Approve the UPI Mandate : Open your UPI app and authorise the transaction request. : Open your UPI app and authorise the transaction request. Submit Application: Review your details and complete the process by confirming your submission. Fast and Paperless : Apply instantly with minimal steps and no physical forms. : Apply instantly with minimal steps and no physical forms. Real-Time Notifications : Get updates on application progress, allotment status, and refunds. : Get updates on application progress, allotment status, and refunds. Centralised Dashboard : Manage multiple IPO bids efficiently in one place. : Manage multiple IPO bids efficiently in one place. Accessible Anytime: Use the HDFC Sky mobile app or website to apply on the go. With this seamless experience, HDFC Sky empowers investors to act quickly and with confidence while applying for offerings like the HDB Financial IPO whether applying for offerings like the HDB Financial IPO or using its intuitive intraday trading app for fast-paced market strategies. Note to readers: This article is part of Mint's paid consumer connect Initiative. Mint assumes no editorial involvement or responsibility for errors, omissions, or content accuracy. Want to get your story featured as above? click here!
Business Upturn
2 days ago
- Business
- Business Upturn
HDB Finance IPO: A Comprehensive Guide for Retail Investors
By News Desk Published on June 23, 2025, 21:02 IST The upcoming HDB Financial Services IPO is one of the most anticipated public issues in the Indian financial sector for 2025. As a subsidiary of HDFC Bank and a leading player in the non-banking financial space, HDB is looking to capitalise on its growth momentum through this book-built issue. The IPO is scheduled between 25 June and 27 June 2025, with a listing planned on 2 July 2025. This article offers a detailed overview of the HDB Financial Services IPO, including key dates, financials and strengths. We'll also explore how the One-Click IPO feature simplifies the investment journey, making it faster and more accessible for retail investors. Key IPO Highlights Total issue size: ₹12,500 crore Fresh issue: ₹2,500 crore Offer for Sale (OFS): ₹10,000 crore Price band: ₹700 to ₹740 per share Face value: ₹10 per share Lot size: 20 shares per lot Minimum investment (retail): ₹14,800 Promoter: HDFC Bank Limited (pre-IPO holding: 94.36%) As a Mainboard IPO, HDB Financial Services will be listed on both BSE and NSE, targeting long-term investors looking for stability and growth. IPO Timeline IPO opens: 25 June 2025 IPO closes: 27 June 2025 Allotment finalisation: 30 June 2025 Refund initiation: 1 July 2025 Shares credited in demat: 1 July 2025 Listing date: 2 July 2025 Investors can track these dates and apply directly through HDFC Sky's Mobile Trading App for a faster, more convenient experience. About HDB Financial Services Limited Established in 2007, HDB Financial Services Limited is a retail-focused Non-Banking Financial Company (NBFC) that offers a diverse range of financial services across three core segments—Enterprise Lending, Asset Finance, and Consumer Finance. In addition to its lending operations, the company also provides BPO services and fee-based offerings, including insurance distribution to its customers. HDB operates through a robust phygital model that combines physical and digital channels, ensuring extensive reach and service efficiency. As of September 2024, it manages a network of 1,772 branches spread across 1,162 towns in 31 states and Union Territories. This is supported by over 140,000 dealer touchpoints and partnerships with more than 80 brands. The company's growing digital presence is reflected in its 6.9 million app downloads, enabling it to connect with customers across both urban and rural markets. Financial Performance (Amount in ₹ Crore) Particulars 31 Mar 2025 31 Mar 2024 31 Mar 2023 Assets 1,08,663.29 92,556.51 70,050.39 Revenue 16,300.28 14,171.12 12,402.88 Profit After Tax 2,175.92 2,460.84 1,959.35 EBITDA 9,512.37 8,314.13 6,251.16 Net Worth 14,936.50 12,802.76 10,436.09 Reserves & Surplus 15,023.97 12,949.63 10,645.57 Total Borrowing 87,397.77 74,330.67 54,865.31 Use of IPO Proceeds Augment the Company's Tier-I capital base. Meet future capital requirements across business operations. Support onward lending activities. Utilise funds under any of the business verticals: Enterprise Lending Asset Finance Consumer Finance Key Strengths of the IPO Strong promoter backing from HDFC Bank Wide-reaching phygital model with strong rural and semi-urban penetration Granular, diversified retail loan book with low concentration risk Technology-enabled credit, underwriting, and collection systems Robust credit discipline with GNPA at 1.90% Proven financial growth with a consistent rise in assets and EBITDA SWOT Analysis of HDB Financial Services Limited Strengths & Opportunities Weaknesses & Threats AAA/CRISIL-rated long-term debt and A1+ short-term credit rating enhances credibility Moderate asset quality with exposure to unsecured, riskier loans Strong parentage and strategic backing from HDFC Bank NIM pressure due to rising borrowing costs (contracted 50bps to 7.83%) Diverse lending across enterprise, asset, and consumer finance verticals Dependence on unsecured segments may affect loan repayment resilience Extensive 'phygital' distribution—1,772 branches + 140,000 touchpoints Operating expenses remain elevated despite improvement (Opex/ATA ~5.96%) BPO capabilities add diversified fee income streams Asset-quality trends remain monitorable, with GNPA ~1.90% Rapid AUM growth (~48% y/y in FY24) offers scale advantage Liquidity mismatches in shorter buckets could pose repayment pressure Technology-driven cost efficiencies and vendor diversification Vulnerability to economic shocks affecting borrower cash flows Opportunities in financing MSME, vehicle, and asset segments Rising competition from banks, fintechs, and NBFCs may impact margins Infrastructure and affordable housing lending expansion potential Cybersecurity threats targeting outsourced BPO operations Declining interest rates could improve credit uptake Regulatory oversight intensifies amid growth and unsecured exposure How to Apply for the HDB Financial IPO Using HDFC Sky's One-Click Feature HDFC Sky's One-Click IPO feature simplifies the entire IPO application journey, making it fast, efficient, and exploring public issues across different categories—whether a Mainboard IPO or an SME IPO, can seamlessly apply using HDFC Sky's One-Click IPO feature If you're planning to apply for the HDB Financial Services IPO, here's how you can do it using this intuitive tool: Log in to HDFC Sky: Access your account by entering your credentials on the HDFC Sky platform. Access your account by entering your credentials on the HDFC Sky platform. Access the IPO Section: Navigate to your profile, select 'Indian Stocks,' and click on the 'IPO' tab. Navigate to your profile, select 'Indian Stocks,' and click on the 'IPO' tab. Select the IPO: Locate the HDB Financial Services IPO in the list and click on 'Apply Now.' Locate the HDB Financial Services IPO in the list and click on 'Apply Now.' Place Your Bid: Enter your preferred bid amount and adjust the application details as needed. Enter your preferred bid amount and adjust the application details as needed. Choose Payment Method: Select UPI as your payment option and proceed to make the payment. Select UPI as your payment option and proceed to make the payment. Approve UPI Mandate: Open your UPI app and authorise the payment request. Open your UPI app and authorise the payment request. Confirm and Submit: Review your application and complete the process by submitting it. Why Choose HDFC Sky's One-Click IPO Feature? Quick and seamless process: Apply in a single click without paperwork or manual entries. Apply in a single click without paperwork or manual entries. Instant updates: Receive real-time alerts on application status, allotment results, and refunds. Receive real-time alerts on application status, allotment results, and refunds. All-in-one platform: Track and manage all IPO applications from one unified dashboard. Track and manage all IPO applications from one unified dashboard. Anytime access: Apply conveniently through the HDFC Sky mobile app or web interface. With HDFC Sky's One-Click IPO feature, applying for the HDB Financial IPO becomes a smooth and time-saving experience, allowing investors to take timely action with confidence. Ahmedabad Plane Crash News desk at
