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HDBFSEQ / NSE, BSEListed
HDB Financial Services

Incorporated in 2007, HDB Financial Services Limited is a non-banking financial company that focuses mainly on retail lending. It offers a variety of loan products through three main areas: enterprise lending, asset finance, and consumer finance. The company also provides business process outsourcing services like back-office support, collections, and sales assistance, primarily for its parent company. Additionally, it offers fee-based services such as distributing insurance products to its loan customers. HDB uses a mix of physical branches and digital platforms to reach customers. This “phygital” model includes a wide branch network, in-house tele-calling teams, and a range of external agents and partners. As of September 30, 2024, the company had 1,772 branches spread across 1,162 towns in 31 states and union territories across India. Notably, more than 80% of these branches are located outside the top 20 cities. The branch network is further supported by partnerships with over 80 brands and equipment makers, along with a distribution network that includes more than 140,000 retailers and dealers as of the same date

₹700 - ₹74017.64x sub
Listed Price₹835.00
Listing Gain+12.84%

IPO Schedule & Timeline

Bookbuilding IPO
Open25 Jun 2025
Close27 Jun 2025
Allotment30 Jun 2025
Listing02 Jul 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail5,31,14,865 shares
31.44%
Nii(hni)2,27,63,514 shares
13.48%
QIB3,03,51,352 shares
17.97%
Shareholders1,68,91,892 shares
10%
Employees2,70,270 shares
0.16%

Minimum Application Lots

Retail1 Lot (20 shares)
₹14,800
sHNI14 Lots (280 shares)
₹2,07,200
bHNI68 Lots (1,360 shares)
₹10,06,400

Company Promoters

HDFC Bank Limited

Company Background

Incorporated in 2007, HDB Financial Services Limited is a non-banking financial company that focuses mainly on retail lending. It offers a variety of loan products through three main areas: enterprise lending, asset finance, and consumer finance. The company also provides business process outsourcing services like back-office support, collections, and sales ...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹16300 Cr
Growth+31.4%
Revenue Trend (₹ in Crores)
0.06.2k12.5k18.7kMar-23Sep-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-2516,3002,176108,66387,398
Mar-2414,1712,46192,55774,331
Sep-236,9021,16878,46461,892
Mar-2312,4031,95970,05054,865

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-2527.314.72%0%00
Mar-243119.55%0%00
Mar-2324.818.68%0%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
30 Jun 2025
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
02 Jul 2025

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for HDB Financial Services. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization30 Jun 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date02 Jul 2025Trading commences on exchange

How to Check HDB Financial Services Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select HDB Financial Services from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About HDB Financial Services IPO

Complete issue overview for HDB Financial Services (HDBFS) IPO. The issue features an equity share price band of ₹700 – ₹740 per share with a minimum retail lot size of 20 Shares (minimum application amount of ₹14,800). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions