HDB Financial Services IPO – Date, Size, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the HDB Financial Services IPO release date, IPO offer price, subscription, HDB Financial Services Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE SME |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs Lakh |
| Tick Size | 1 |
HDB Financial Services IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
| HDB Financial Services Share Price – Live Performance |
HDB Financial Services IPO – Summary
HDB Financial Services being a subsidiary of HDFC Bank, is a NBFC, i.e. a Non Banking Financial Company, which came into existence in the year 2007. They have clients from the domains of retail as well as business entities, and have been efficiently catering for their growing needs.
HDB Financial Services is a reputed firm, which has grown into prominence quite early, and the brand association speaks for the quality. They provide lending services and also BPO services.
The Promoter of this company is NA. The lead manager to the issue is NA, and the Registrar to this issue is NA.
HDB Financial Services IPO Date
The opening and the closing date of IPO of HDB Financial Services Limited is not available yet.
HDB Financial Services Limited IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
HDB Financial Services IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
HDB Financial Services Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
HDB Financial Services IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
HDB Financial Services IPO Equity Size
This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakh.
HDB Financial Services IPO Share Offering
Net Issue: [●] equity Shares of Rs.10 each.
Offer for Sale: [●] Equity Shares of Rs.10 each, aggregating to Rs.[●] Lakh
Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.[●] Lakh
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HDB Financial Services IPO – Live Performance
The listing date of this IPO is [●] . You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – HDB Financial Services Share Price |
HDB Financial Services IPO Grey Market Premium
The HDB Financial Services Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
HDB Financial Services IPO – Company Overview
HDB Financial Services has emerged as a brand well recognized in the NBFC industry. They are into the business of lending and BPO Services. As far as the reliability of this company is of concern, they have CARE AAA & CRISIL AAA ratings for its long-term debt & Bank facilities.
On the other front, their short term instruments and debt has the rating of A1+. This is the significance and quality assurance the company has earned in the domain they serve.
Furthermore, they have successfully expanded to over 1500 branches and have presence in 24 states, and 3 union territories are an inclusive as well.
Business verticals briefly described are secured and unsecured loans, delivers back office services such as forms processing, documents verification, finance and accounting services and correspondence management. The services further include front office such as Contact center management, Outbound marketing and collection services.
HDB Financial Services IPO Business Verticals
Company’s main lines of business include:
Lending Activities
- The company offers a wide range of secured and unsecured loans to its customers.
BPO Services Company’s BPO services division delivers back office services such as:
- Forms processing
- Documents verification
- Finance and accounting services
- Correspondence management
HDB Financial Services IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 6,07,145 | 56,540.32 | 45,446.52 | |
| *Total Revenue | 4,083 | 294.92 | 164.67 | |
| Total Expense | 31,956 | 7,000.75 | 5,591.01 | |
| Profit After Tax | 92,920 | 1,149.81 | 929.38 | |
Earnings per Equity Share (in Lakh)
| 30-Jun-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted |
HDB Financial Services Limited IPO – Promoters
The Promoter of this company is:
List of Related Parties (Key Managerial Personnel)
- NA, Chairman & Managing Director
- NA, Chief Financial Officer
- NA, Company Secretary and Compliance Officer
Competitive Strengths of HDB Financial Services Limited
- Total revenue of the company has been increasing with a CAGR of 34% from last 4 years.
- IPO which is expected to be oversubscribed as every HDFC IPO has done in past.
- Operating profits has been increasing with a CAGR of 23%.
- Net interest margin has increased from 5.7% to 6.8%.
- Company’s rise in NPAs has been in-line with the Industry.
HDB Financial Services Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | [●] Equity Shares |
| Equity Shares outstanding after the Issue | [●] Equity Shares |
HDB Financial Services IPO Issue Object
Their Company proposes to utilise the Net Proceeds towards funding the following objects:
Business strategies of HDB Financial Services Limited
HDB Financial Services Limited IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | |||
| 31-Mar-19 | |||
| 31-Mar-18 |
HDB Financial Services IPO : Competitive Peers
- We can see a strong correlation between HDB Financial Services and Bajaj Finance. Bajaj Finance is currently trading at a TTM P/B multiple of 5.24 which is lower than its 3 year median TTM P/B multiple of 8 .18.
- With time Bajaj Finance is bound to jump back to its median P/B which means a 58% upside for Bajaj Finance stock. Keeping this in mind we can witness a rally of atleast 50% in HDB Financial Services which would take the share price to Rs 1150.
- Considering this we believe the accumulation phase for HDB is between Rs 800 – Rs 1150 levels.
- Last QIP of Bajaj Finance was at Rs 4,019.78 which makes sense that the
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| HDB Financial Services Limited | |||||
| Listed Peers | |||||
HDB Financial Services IPO Lead Managers
| Lead Managers |
| NA |
HDB Financial Services IPO Registrar to offer
| Registrar to the Offer |
| NA |
HDB Financial Services IPO – Other Details
- Statutory Auditor – NA
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
HDB Financial Services Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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HDB Financial Services Limited IPO News
News 1 – HDB Financial Services Limited IPO RHP Download
HDB Financial Services IPO Review FAQs
Ques – What is the Issue Size of HDB Financial Services IPO?
Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the HDB Financial Services IPO Open Date?
Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.
Ques – What is the IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. Date when the listing would be done is stagnant on NA.
Ques – Who is the Registrar of this IPO?
Answer – One of the reputed registrars are managing the issue of this IPO, i.e. NA. Their website will help you regarding the further information you are on a lookout for.
Ques – Who is the Promoter of this Company?
Answer – Here are the promoters of this company – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of HDB Financial Services IPO?
Answer – We have obtained the GMP of this IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is HDB Financial Services IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of this Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Lakhs is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.
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