HDB Financial IPO GMP & Review: Apply or Avoid?

Posted by : sachet | Tue Jun 24 2025

HDB Financial IPO GMP & Review: Apply or Avoid?

HDB Financial IPO is open for bidding on 25th June 2025. It is a bookbuilding IPO of 16.90 crore shares, comprising a fresh issue of 3.38 crore worth ₹2,500.00 crore and offer for sale of 13.51 crore shares worth ₹10,000.00 crore. The issue will be listed on NSE and BSE on its tentative listing date, 2nd July 2025. 

HDB Financial IPO Details 

HDB Financial IPO date is fixed between 25th June 2025 and 27th June 2025. The face value of HDB Financial Limited shares stands at ₹10 per share, and the IPO price band is fixed at ₹700 to ₹740 per share. 

MUFG Intime India Private Limited is the registrar of the HDB Financial IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

IPO Open Date25th June 2025
IPO Close Date27th June 2025
IPO Allotment Date30th June 2025
Refund Initiation 1st July 2025
Issue Size16,89,18,919 shares (worth ₹12,500.00 crore)
Fresh Issue3,37,83,784 shares (worth ₹2,500.00 crore)
Offer For Sale13,51,35,135 shares (worth ₹10,000.00 crore)
Face Value₹10 per share
Lot Size20 shares
Issue Price Band₹700 to ₹740 per share
Issue TypeBookbuilding IPO
Listing AtBSE & NSE
Listing Date2nd July 2025

HDB Financial IPO Share Reservation

HDB Financial IPO is a bookbuilding IPO issue of 16.90 crore shares worth ₹12,500.00 crores. HDB Financial Limited shares will be listed on the NSE and BSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Investor CategoriesShares Offered
QIB Shares Offered7,58,78,378 (44.92%)
Retail Shares Offered5,31,14,865 (31.44%)
NII (HNI) Shares Offered2,27,63,514 (13.48%)
bNII > ₹10L1,51,75,676 (8.98%)
sNII < ₹10L75,87,838 (4.49%)
Employee Shares Offered2,70,270 (0.16%)
Shareholders Shares Offered1,68,91,892 (10.00%)
Total Shares Offered16,89,18,919 (100.00%)

HDB Financial IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on HDB Financial IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

GMP DateIPO PriceGMPEstimated Listing Price Estimated Listing Gains
24-06-2025₹740₹46₹7866.21%
23-06-2025₹740₹46₹7866.21%
22-06-2025₹740₹46₹7866.21%
21-06-2025₹740₹46₹7866.21%
20-06-2025₹740₹46₹7866.21%
19-06-2025₹740₹0₹7400.00%

As of 24th June 2025, HDB Financial IPO GMP stands at ₹46 per share, which means the share will likely show a listing at ₹786 (740+46) on its tentative listing date, 2nd July 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the HDB Financial IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

HDB Financial IPO Review

Check out the detailed HDB Financial IPO review for a thorough understanding of its potential to report listing gains on 2nd July 2025. The HDB Financial IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the HDB Financial IPO.

HDB Financial Limited’s revenue rose 10.79% from ₹14,171.12 crores in March 2024 to ₹16,300.28 crores in March 2025. Moreover, the company’s PAT decreased by 11.57% from ₹2,460.84 crores to ₹2,175.92 crores.  

HDB Financial Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the HDB Financial IPO for its tentative listing day, which is 2nd July 2025.  

Technical Analysis

A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the HDB Financial IPO.

Key IndicatorsValue
PE Ratio (Price-to-Earnings) 27.00
EPS (Earnings Per Share)27.41
RoNW14.72%
ROE (Return on Equity)14.72%
Market Capitalisation₹61,253.30 cr.

The PE ratio of HDB Financial Limited shares is 27.00, and its Earnings Per Share (EPS) stands at 27.41. Thus, the HDB Financial IPO can potentially deliver gains on its tentative listing date, 2nd July 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of HDB Financial Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

IndicatorsPre-IPOPost-IPO
PE Ratio27.0028.15
EPS 27.4126.29

HDB Financial Limited Peer Comparison

Company NameRevenue (in cr.)PE RatioFace Value (in Rs)EPS ROE (in %)
HDB Financial Services Limited16,300.2827.001027.4114.72%
Bajaj Finance Limited54,983.0034.20126.7717.21%
Sundaram Finance Limited7,286.0028.8910169.1614.24%
L&T Finance Limited15,941.0018.251010.5910.34%
Cholamandalam Investment and Finance Company Limited19,420.0031.23250.6818.01%
Shriram Finance Limited36,413.0013.02250.8014.71%
Mahindra & Mahindra Financial Company Limited15,970.0016.06216.2710.51%

HDB Financial IPO Subscription Status

HDB Financial IPO is to be opened for bidding on 25th June 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live HDB Financial IPO Subscription Status. 

Investor CategoryShares OfferedShares SubscribedSubscription in Times
Retail InvestorsYet to be announcedYet to be announcedYet to be announced
QIBYet to be announcedYet to be announcedYet to be announced
NII (sNII+bNII)Yet to be announcedYet to be announcedYet to be announced
TotalYet to be announcedYet to be announcedYet to be announced

About HDB Financial Limited

HDB Financial Limited was incorporated in 2007 and is a retail-focused NBFC. The company’s omni-channel “phygital” distribution model combines a large branch network, in-house tele-calling teams, and various external distribution networks and channel partners. Business verticals of HDB Financial Limited include Enterprise Lending, Asset Finance, and Consumer Finance. As of March 31, 2025, over 80% of the branches are located outside the 20 largest cities in India. As of March 31, 2025, the company had a pan-India network of 1,771 branches in 1,170 towns and cities across 31 States and Union Territories, with over 80% of the branches located outside the 20 largest cities in India by population.

HDB Financial Limited Financials

The company’s financial analysis is essential before applying for the HDB Financial IPO. Look at the table to learn about HDB Financial Limited’s financials. 

Year Ended31st March 2025 (in cr.)31st March 2024 (in cr.)31st March 2023 (in cr.)
Assets1,08,663.2992,556.5170,050.39
Revenue16,300.2814,171.1212,402.88
Profit After Tax2,175.922,460.841,959.35
Debt87,397.7774,330.6754,865.31
Net Worth14,936.5012,802.7610,436.09
Reserves and Surplus15,023.9712,949.6310,645.57

Explanation

HDB Financial Limited’s revenue rose 10.79% from ₹14,171.12 crores in March 2024 to ₹16,300.28 crores in March 2025. Moreover, the company’s PAT decreased by 11.57% from ₹2,460.84 crores to ₹2,175.92 crores. 

HDB Financial IPO Bidding Requirements

HDB Financial IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO. 

Investor CategoryLotsSharesAmount (in Rs)
Retail (Minimum)120 shares₹14,800
Retail (Maximum)13260 shares₹1,92,400
S-HNIs (Minimum)14280 shares₹2,07,200
S-HNIs (Maximum)671,340 shares₹9,91,600
B-HNI (Minimum)681,360 shares₹10,06,400

Use the lot size calculator to find how many shares you should apply!

HDB Financial IPO Promoter Holdings

Have a look at the table below to check the holdings of HDB Financial Limited’s promoters:

Share Holding Pre-Issue94.32%
Share Holding Post-Issue74.19%

Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue. 

Aim of HDB Financial IPO

The primary aim of the HDB Financial IPO is to raise ₹12,500.00 crores. On the other hand, HDB Financial Limited has decided to utilise these funds in different prospects. Explore some of the secondary objectives for the HDB Financial IPO.

  • To meet general corporate purposes. 
  • To meet working capital requirements. 

Should I Invest in HDB Financial IPO?

HFSL belongs to HDFC group and is the seventh largest leading and diversified NBFC. It posted steady growth in its total revenues for reported periods. It marked set-back in its bottom lines for FY25 following volatility in interest rates. Based on its recent financial data, the issue appears fully priced. Considering rewards from HDFC groups earlier two primary offerings, investors may park funds for short to long term.”~Dilip Davda (Chief Editor at Chittorgarh)

Explore the pros and cons of HDB Financial IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

Pros of HDB Financial IPO

  • Effective Domestic Footprints
  • Robust Order Book

Cons of HDB Financial IPO

  • High Debt

How to Apply for HDB Financial IPO?

Check the steps mentioned below to apply for the HDB Financial IPO

  • Step 1: Conduct thorough research on HDB Financial IPO GMP, subscription status, issue size, lot size, and other details. 
  • Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
  • Step 3: Make a bid for one lot of 20 shares worth ₹14,800 of HDB Financial IPO.   
  • Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the HDB Financial IPO from more than one demat account to increase your allotment chances. 

How to Check HDB Financial IPO Allotment Status?

You can check for HDB Financial IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

  • Visit the NSE Official Website.
  • Navigate to the IPO Allotment Section. 
  • Select Equity as the issue type. 
  • Choose HDB Financial IPO.  
  • Choose whether to proceed with the PAN number or the application number.
  • Submit your details to get the allotment status online. 

Check On the Registrar Portal

  • Visit the registrar portal
  • Click on the allotment option.
  • Fill in the required details.
  • Click on the submit button to know your HDB Financial IPO allotment status.

Let’s Wrap

HDB Financial IPO is a bookbuilding issue of 16.90 crore shares worth ₹12,500.00 crores. The shares of HDB Financial Limited will be listed on NSE and BSE on its tentative listing date of 2nd July 2025. Researching HDB Financial IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted its pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on HDB Financial IPO

How is the HDB Financial IPO?

Ans. Currently, on 24th June 2025, HDB Financial IPO GMP (Grey Market Premium) stands at ₹46 (6.21% up). It indicates that the estimated listing price could be ₹786 per share.   It is a bookbuilding IPO of 16.90 crore shares, comprising a fresh issue of 3.38 crore worth ₹2,500.00 crore and offer for sale of 13.51 crore shares worth ₹10,000.00 crore. The face value of each share of HDB Financial Limited is ₹10. 

What is the HDB Financial IPO price?

Ans. HDB Financial IPO price band has been set between ₹700 and ₹740 per share. Retail investors can apply for a minimum of 1 lot consisting of 20 shares worth ₹14,800. Moreover, HNIs are required to bid for a minimum of 14 lots (280 shares) worth ₹2,07,200. 

Is the HDB Financial IPO good?

Ans. HDB Financial Limited’s revenue rose 10.79% from ₹14,171.12 crores in March 2024 to ₹16,300.28 crores in March 2025. Moreover, the company’s PAT decreased by 11.57% from ₹2,460.84 crores to ₹2,175.92 crores. Investors can analyse other relevant factors and make a decision accordingly.

Who is the registrar of the HDB Financial IPO?

Ans. MUFG Intime India Private Limited is the registrar of HDB Financial IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding HDB Financial IPO allotment and refund, you can contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.

What is the issue size of the HDB Financial IPO? 

Ans. HDB Financial IPO is a bookbuilding IPO for 16.90 crore shares worth ₹12,500.00 crore. Moreover, the IPO is set to open on 25th June 2025 and will be closed on 27th June 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the HDB Financial IPO, download the HDB Financial IPO RHP and HDB Financial IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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