HDB Financial IPO Date, Review, Price, Allotment Details — A Complete Guide for Investors

The HDB Financial Services IPO is finally making its way to the market. Backed by HDFC Bank, this IPO is one of the most awaited issues in the NBFC sector. If you are looking to invest or understand more about this IPO, this article will guide you.

In this article, we explain the IPO date, price, review, company background, financial performance, allotment details, and more. Let’s dive in.

What is HDB Financial Services?

HDB Financial Services is a leading non-banking financial company (NBFC) in India. It is a wholly-owned subsidiary of HDFC Bank. The company offers loans and financial services to individuals, small businesses, and enterprises.

As of September 2024, HDB had:

• 1,772 branches
• Presence in 1,162 towns
• Operations across 31 states and union territories
• 17.5 million+ customers
• Assets under management (AUM) above ₹70,000 crore

This makes it one of India’s largest and fastest-growing NBFCs.

HDB Financial IPO Key Dates

The IPO will go live in June 2025. Here are the important dates:

The IPO will be listed on both BSE and NSE.

HDB Financial IPO Price and Lot Size

The total size of the IPO is ₹12,500 crore, and it includes:

• Fresh Issue of ₹2,500 crore
• Offer for Sale (OFS) of ₹10,000 crore by HDFC Bank

The price band and lot size will be announced soon by the company.

What Does HDB Financial Do?

HDB Financial provides a wide range of services. Its main business segments are:

• Retail Loans – Personal loans, gold loans, education loans
• Enterprise Loans – Small business loans and working capital
• Asset Finance – Auto loans, commercial vehicle loans, and equipment loans
• Collections and Insurance Services – Third-party collections, credit protection

The company earns income from interest, service charges, and fees.

HDB Financial’s Financial Performance

Let’s look at the company’s growth:

• FY 2023–24 Profit Growth: ~56%
• Net Profit: Steady increase over the past 3 years
• Net Worth: Over ₹11,000 crore
• AUM: ₹70,000 crore+
• Loan Book Quality: Improved over the years, with lower NPAs

These numbers show strong growth and sound financial health.

Strengths of HDB Financial

Here are some key strengths:

1. Trusted Parent Company: HDFC Bank’s support gives it strong credibility.
2. Wide Network: Presence in urban and rural India.
3. Diverse Loan Portfolio: Reduces risk from one segment.
4. Digital Expansion: Uses technology to reach more customers.
5. Strong Recovery Mechanism: Efficient loan collections and credit checks.

Due to these factors, many analysts consider this IPO promising.

Risks You Should Consider

No investment is risk-free. Let’s look at possible risks:

1. NBFC Sector Volatility: Sensitive to RBI regulations and interest rate changes.
2. Loan Defaults: A rise in NPAs may hurt profits.
3. Economic Slowdown: A weak economy may reduce loan demand.
4. High Competition: From banks, fintech companies, and other NBFCs.
5. Valuation Risk: Overvaluation can lead to weak listing performance.

Hence, investors should assess their risk appetite.

Read The HDB Financial IPO Offer Documents

Expert Review: Should You Invest?

Market experts have shared mixed yet mostly positive reviews:

• Many analysts expect high subscription rates, especially from QIBs and HNIs.
• Retail investors may benefit from early exposure to a growing NBFC.
• Long-term investors with a 3–5 year horizon could see good returns.

However, experts suggest waiting for the final price band and financial disclosures before applying.

How to Apply for HDB Financial IPO?

Here is a simple step-by-step guide:

Step 1: Open a Demat & Trading Account

If you don’t have one, open it with any broker like Zerodha, Groww, or Upstox.

Step 2: Check the IPO Details

Stay updated on the price band and lot size.

Step 3: Apply Through ASBA

Use net banking or your broker’s app to apply.

Step 4: Wait for Allotment

You can check the status after the allotment date.

Step 5: Get Shares in Demat

If allotted, shares will reflect in your Demat account.

How to Check HDB Financial IPO Allotment?

Once the allotment is done on June 27, here’s how to check:

1. Visit the Registrar’s Website – Link Intime India Pvt Ltd
2. Enter your PAN or Application Number
3. Check Allotment Status

You can also check via BSE/NSE or your broker’s IPO dashboard.

Grey Market Premium (GMP) and Investor Buzz

Grey Market Premium (GMP) is an unofficial indicator of listing gains. GMP reflects how much investors are willing to pay for shares before listing.

• As of mid-June 2025, the GMP is expected to be ₹90–₹120, indicating strong interest.
• A high GMP often means strong demand and possible listing gains.

However, GMP is not guaranteed. Market volatility can change things fast.

Comparison with Other IPOs

Let’s see how HDB Financial compares with other recent NBFC IPOs:

HDB’s IPO is larger and more anticipated than many others.

Final Verdict: Should You Invest in HDB Financial IPO?

HDB Financial Services is a reliable company with a strong brand, wide reach, and healthy growth numbers. With HDFC Bank as its parent, it offers stability and long-term potential.

However, you should:

• Wait for the final price band and RHP
• Invest only if it fits your financial goals
• Consider your risk profile

This IPO is not just for listing gains. It can be a good long-term bet for wealth creation.

Pro Tips Before You Invest

• Read the Red Herring Prospectus (RHP) carefully
• Don’t apply under pressure or hype
• Avoid over-investing; stay diversified
• Use ASBA or UPI-linked accounts for secure application
• Track updates from SEBI and exchanges

Conclusion

The HDB Financial IPO could be a milestone in India’s NBFC market. For investors, this is a rare chance to be part of a fast-growing financial firm with strong fundamentals.

Stay informed, follow updates, and make a smart decision.

Frequently Asked Questions – HDB Financial IPO