HDB Financial Services Ltd.'s Rs 12500 crore IPO comprises of fresh issue of Rs 2,500 crore and Rs 10,000 crore through an offer for sale. The company has fixed the price band in the range of Rs 700 to Rs 740 per share.
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HDB Financial Services Ltd., a subsidiary of HDFC Bank's IPO opened today for subscription and the offer closes on June 27 . The company has fixed the price band in the range of Rs 700 to Rs 740 per share.
The Rs 12,500 crore IPO comprises of fresh issue of Rs 2,500 crore and Rs 10,000 crore through an offer for sale. Investors can place bids starting from a minimum of 20 shares and in multiples thereafter.
The shares will be listed on both the National Stock Exchange and the BSE on July 02.
Key Points
We attended the IPO meet for HDB Financial Services. HDB Financial Services is an upper layer diversified NBFC with the total gross loan book at Rs 1068.75 billion.
Company's major customer base comes from underserved and aspirational segments, which are typically avoided by commercial banks.
The company's lending products are offered through its three business verticals:
Enterprise Lending, Asset Finance, and Consumer Finance. In FY25, Enterprise Lending, Asset Finance, and Consumer Finance accounted for 39.30%, 38.03%, and 22.66% of its total gross loans, respectively.
In FY25, AUM grew by ~18.5%, YoY. NIMs stood at 7.56%, GS3/NS3% came in at 2.26%/0.99%, while PCR stood at 56%. ROA/ROE came in at 2.16%/14.7%.
Management aims to maintain a stable ROA and deliver a consistent AUM growth.
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