HDB Financial Services
MAINBOARD
Listed
Price Band
₹700 - ₹740
Lot Size
20 Shares
Issue Size
₹2,500.00 Cr
Fresh Issue
₹1,750.00 Cr
OFS
₹750.00 Cr
Registrar
MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
AI Sentiment Score
Listing Price
₹835.00
vs Issue: ₹740 (+12.84%)
📅 IPO Timeline
✓
Open
Jun 25, 2025
✓
Close
Jun 27, 2025
✓
Allotment
Jun 30, 2025
✓
Refund
Jul 1, 2025
✓
Demat
Jul 1, 2025
✓
Listing
Jul 2, 2025
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
HDB Financial Services displays an established operational footprint with expanding revenue streams (23.2% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (23.2% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 9.79%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY19 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 8,725.00 Cr | Rs 12,403.00 Cr | Rs 14,173.00 Cr | Rs 16,300.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 1,153.00 Cr | Rs 1,959.00 Cr | Rs 2,461.00 Cr | Rs 2,176.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 0.00 Cr | Rs 0.00 Cr | Rs 0.00 Cr | Rs 0.00 Cr |
| Borrowings (₹ Cr) | Rs 0.00 Cr | Rs 0.00 Cr | Rs 0.00 Cr | Rs 0.00 Cr |
| Total Assets (₹ Cr) | Rs 56,540.00 Cr | Rs 70,050.00 Cr | Rs 92,557.00 Cr | Rs 108,663.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 9.79% | 9.79% | 9.79% | 9.79% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
23.5x
Industry P/E
27.0x
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 27.0x
IPO 23.5x
0x (Deep Value)
36x (High Multiple)
📋 Live Subscription Status
QIB
55.47x
NII
11.77x
Retail
1.41x
Total
16.69x
🎯 Retail Allotment Probability
70.9% Odds
1 in 1.4 chance (~70.9% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:38 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹2,500.0 Cr
Issue Size
Fresh (70%)
OFS (30%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.