India’s HDB Financial Services, the non-banking lending arm of HDFC Bank, has filed for an initial public offering (IPO) of up to ₹12,500 crores, with a statement made by its parent company earlier this month, which includes a fresh issue of 25,00 crores with the face value of RS 10 of each. and the rest is OFS(offer for sale). This OFS will be as promoters sell their position from the ownership of around ₹10,000 crore.
HDB Financial Services will use the money raised from the IPO to meet its capital needs, mainly for providing more loans. This is also part of HDFC Bank’s plan to follow regulatory rules, which require certain non-banking financial companies (NBFCs) to be publicly listed by September 2025. HDFC Bank’s decision comes after Bajaj Housing Finance successfully went public in September 2024.
This company was Founded in 2007, HDB Financial Services offers lending and business process outsourcing (BPO) services to both individuals and businesses.
IIFL Securities Ltd, Jefferies India Private Ltd, Morgan Stanley India Company Private Ltd, Motilal Oswal Investment Advisors Ltd, Nomura Financial Advisory and Securities (India) Private Ltd, Nuvama Wealth Management Ltd, UBS Securities India Private Ltd, JM Financial Ltd, BNP Paribas, BofA Securities India Ltd, Goldman Sachs (India) Securities Private Ltd, HSBC Securities and Capital Markets (India) Private Ltd, these are the book running lead managers for the company’s financial advise and handling IPO’s process.
HDB Financial Services IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
HDB Financial Services Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹11,306.29 | ₹9,958.73 | ₹1,011.40 |
| 2023 | ₹12,402.88 | ₹9,775.48 | ₹1,959.35 |
| 2024 | ₹14,171.12 | ₹10,866.45 | ₹2,460.84 |
| September 2024 | ₹7,890.63 | ₹6,307.83 | ₹1,172.70 |
HDB Financial Services IPO Valuation – FY2024
HDB Financial Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹31.08 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 58.65% |
| Net Asset Value (NAV): | ₹173.3 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Bajaj Finance Limited | 236.89 | 29.8 | 22.05 | 1239.0 | 54,969.49 Cr. |
| Sundaram Finance Limited | 130.31 | 36.2 | 17.55 | 997.1 | 7,267.12 Cr. |
| L&T Finance Limited | 9.34 | 15.5 | 10.31 | 94.2 | 13,580.58 Cr. |
| Mahindra & Mahindra Financial Services Limited | 15.66 | 17.8 | 10.10 | 161.3 | 15,796.85 Cr. |
| Cholamandalam Investment and Finance Company Limited | 41.17 | 31.5 | 20.15 | 233.1 | 19,139.62 Cr. |
| Shriram Finance Limited | 196.32 | 16.7 | 16.00 | 1302.5 | 36,379.52 Cr. |
Objects of the Issue
- To be updated soon
About this company
HDB Financial Services Founded in 2007, HDB Financial Services provides loans and business process outsourcing (BPO) services to individuals and businesses. The company has quickly grown to over 1,747 branches across 27 states and 4 union territories. It offers a wide range of secured and unsecured loans, along with investment and insurance services, making it a one-stop solution for customers’ financial needs. It has also an increment in revenue of 89.31% year-over-year and PAT(Profit After Tax) is ₹16,821 crore over 2024.
IPO Lead Managers aka Merchant Bankers
- JM Financial Limited
- BNP Paribas
- BofA Securities India Limited
- Goldman Sachs (India) Securities Private Limited
- HSBC Securities and Capital Markets (India) Private Limited
- IIFL Securities Limited
- Jefferies India Private Limited
- Morgan Stanley India Company Private Limited
- Motilal Oswal Investment Advisors Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- Nuvama Wealth Management Limited
- UBS Securities India Private Limited
