31 Mar 2023
Assets70,050.39
Total Income12,402.88
EBITDA6,251.16
Profit After Tax1,959.35
NET Worth10,436.09
Reserves and Surplus10,645.57
Total Borrowing54,865.31
At a glance
Updated 2026-09-11HDB Financial operates in the 230,580.00 segment. HDB Financial is a Mainboard IPO with an issue size of ₹12,500.00 crore, proposed for listing on BSE, NSE. The offer opens on 25th Jun 2025 and closes on 27th Jun 2025. The issue structure includes a fresh issue of ₹2,500.00 crore and an offer-for-sale component of ₹10,000.00 crore. The current listing schedule points to 2nd Jul 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹12,500.00 Cr
Fresh issue₹2,500.00 Cr
Offer for sale₹10,000.00 Cr
Face value₹10
Price band₹700.00–₹740.00
Allotment30th Jun 2025
Listing2nd Jul 2025
Listing performance
Full performance ↗Issue price₹740.00
Listing price₹835.00
Current price—
Listing gain12.84%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹75.00
GMP / upper price10.14%
Est. listing₹815.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens25th Jun 2025
Closes27th Jun 2025
Allotment30th Jun 2025
Refund1st Jul 2025
Demat1st Jul 2025
Listing2nd Jul 2025
Subscription demand
Full bidding ↗Total17.65×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 20 | ₹14,800 |
Company
Incorporated2007
Use of proceeds
| Object | Amount |
|---|---|
| Augmentation of the Companys Tier-I Capital base to meet their Companys future capital requirements including onward lending under any of the Companys business verticals i.e. Enterprise Lending, Asset Finance and Consumer Finance. | ₹2,458.62 Cr |
| Issue Expenses | ₹226.85 Cr |
| Total | ₹2,685.47 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue16,300.28₹ Cr · +15.0% vs prior year
EBITDA9,512.37₹ Cr · +14.4% vs prior year
PAT2,175.92₹ Cr · -11.6% vs prior year
Assets108,663.29₹ Cr · +17.4% vs prior year
Net Worth14,936.50₹ Cr · +16.7% vs prior year
Borrowing87,397.77₹ Cr · +17.6% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets92,556.51
Total Income14,171.12
EBITDA8,314.13
Profit After Tax2,460.84
NET Worth12,802.76
Reserves and Surplus12,949.63
Total Borrowing74,330.67
31 Mar 2025
Assets108,663.29
Total Income16,300.28
EBITDA9,512.37
Profit After Tax2,175.92
NET Worth14,936.50
Reserves and Surplus15,023.97
Total Borrowing87,397.77
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 14.72% |
| Debt / Equity | 5.85% |
| Price to Book Value | 3.72 |
Valuation & shareholding
Pre-IPO EPS27.41
Post-IPO EPS26.29
Pre-IPO P/E27
Post-IPO P/E28.15
Promoter holding pre94.32%
Promoter holding post74.19%
Market cap₹61253.30 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| HDB Financial Services IPO | — | 28.15 x | — | — |
| Gaja Alternative IPO | — | 27.54 x | — | — |
| Turtlemint Fintech IPO | — | - | — | — |
| Onemi Technology IPO | — | 10.84 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Augmentation of the Companys Tier-I Capital base to meet their Companys future capital requirements including onward lending under any of the Companys business verticals i.e. Enterprise Lending, Asset Finance and Consumer Finance. | ₹2,458.62 Cr |
| Issue Expenses | ₹226.85 Cr |
| Total | ₹2,685.47 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- UBS Securities India Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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