2 days ago
HDB Financial Services IPO To Raise Rs 12,500-Crore: Check Opening Date, Price, Lot Size, Other Details
Last Updated:
HDB Financial Services Ltd plans a Rs 12,500-crore IPO in mid-July 2025, potentially the year's biggest, to comply with RBI regulations and target a diverse loan book.
HDB Financial Services Ltd, the non-banking financial arm of HDFC Bank, is expected to launch its Rs 12,500-crore initial public offering (IPO) around mid-July 2025, according to a report by Moneycontrol, citing sources.
If launched as planned, the public issue will become the biggest IPO of 2025 so far, surpassing the Rs 8,750-crore issue by Hexaware Technologies earlier this year. The move signals a strong revival in the Indian primary markets.
HDB Financial IPO Opening Date
The company is expected to file its Updated Draft Red Herring Prospectus (UDRHP) by the end of this month, according to the report. The IPO could hit the markets by early to mid-July, depending on market conditions.
HDB Financial IPO Issue Size
The IPO will aim to raise Rs 12,500 crore, making it one of the largest public issues by a non-banking financial company (NBFC) in recent years.
While the price band and lot size are yet to be officially announced, those details are expected to be included in the Red Herring Prospectus (RHP), which will be filed after regulatory approvals of the UDRHP.
Founded in 2007, HDB Financial Services provides a broad range of retail loans under three business verticals — enterprise lending, asset finance, and consumer finance. It focuses on both secured and unsecured loans, including personal loans and loans against property, particularly catering to underbanked segments.
As of September 30, 2024, the company had a gross loan book of Rs 98,620 crore, with a CAGR of 20.93% from March 2022. Its FY24 profit stood at Rs 2,460 crore, with a CAGR of 55.9% over FY22-FY24.
In its DRHP, the company noted that its loan book is highly diversified, with the top 20 customers contributing less than 0.36% of total gross loans. The average loan ticket size was around Rs 1.45 lakh as of September 30, 2024.
The company had initially filed its DRHP on October 30, 2023, and received SEBI's approval at the end of May 2025.
A UDRHP (Updated Draft Red Herring Prospectus) is a revised version of the DRHP that includes all regulatory feedback and updated financial and operational data. Filing the UDRHP is a prerequisite before the final RHP, after which the IPO can be launched.
