HDB Financial Services IPO Company Profile:
HDB Financial Services (HDBFS) is a leading NBFC (“Non-Banking Financial Company”) that caters to the growing needs of an Aspirational India, serving both Business and Individual Clients. Incorporated in 2007, the company is a well-established business with strong capitalization. HDB Financial Services is accredited with CARE AAA & CRISIL AAA and ratings for its long-term debt & Bank facilities and an A1+ rating for its commercial papers and short-term debt, making it a strong and reliable financial institution.
HDFC Bank is the parent company of HDB Financial Services Limited. The Housing Development Finance Corporation Limited (“HDFC”) was amongst the first to receive an ‘in principle’ approval from the RBI (“Reserve Bank of India”) to set up a bank in the private sector, as part of the RBI’s liberalization of the Indian Banking Industry in 1994. Incorporated in August 1994, the bank was named ‘HDFC Bank Limited’, with its registered office in Mumbai, India. In January 1995, the Bank commenced operations as a Scheduled Commercial Bank.
HDB Financial Services’ lines of business include – BPO Services & Lending.
- Lending:
HDB Financial Services offers a wide range of secured and unsecured loans to its customers. The company provides a one-stop-shop for all requirements, be it loans, investments or protection. The company has quickly grown to have more than 1300 Brancheswhich are spread across 24 States & 3 Union Territories. The type of loans offered by the company is as follows:
| Personal Loan | Construction Equipment Loan |
| Consumer Durables Loan | Tractor Loan |
| Digital Products Loan | Unsecured Business Loan |
| Gold Loan | Loan Against Property |
| Auto Loan | Enterprise Business Loan |
| Two Wheeler Loan | Auto Refinance |
| Loan Against Property | Personal Loan for Proprietors |
| Commercial Vehicle Loan | Emergency Credit Line Guarantee Scheme (ECLGS) |
- BPO Services: HDB Financial Services’ BPO services division delivers back office services such as forms processing, documents verification, finance and accounting services, and correspondence management. The company also delivers front office services such as Contact center management, Outbound marketing, and collection services.
HDB Financial Services IPO Details:
| IPO Open Date | Not Available |
| IPO Close Date | Not Available |
| Listing Date | Not Available |
| Face Value | ₹10 per share |
| Price | Not Available |
| Lot Size | Not Available |
| Issue Size | Not Available |
| Fresh Issue | Not Available |
| Offer For Sale | Not Available |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not Available |
| NII (HNI) Shares Offered | Not Available |
| Retail Shares Offered | Not Available |
| Promoters | HDFC Bank Limited |
Shareholders Holding More Than 5% of Shares in HDB Financial Services Limited:
| S.NO. | Name of the Shareholder | No. of Shares | % of pre-Offer shareholding |
| 1 | HDFC Bank Limited | 75,05,96,670 | 94.96% |
| Total | 75,05,96,670 | 94.96% |
HDB Financial Services IPO Financial Analysis:
| Particulars | 6M of FY-23(in cr.) | FY-22(in cr.) | FY-21(in cr.) | YOY |
| Revenue from Operations | 6028.00 | 11306.30 | 10944.78 | 3.30% |
| Impairment of financial instruments | 749.20 | 2465.70 | 3068.77 | -19.65% |
| Employee Cost | 2010.60 | 3500.40 | 2955.59 | 18.43% |
| Other expenses | 360.90 | 568.20 | 428.99 | 32.45% |
| EBITDA | 2907.30 | 4772.00 | 4491.43 | 6.25% |
| EBITDA margin% | 48.23% | 42.21% | 41.04% | |
| Depreciation | 51.10 | 98.90 | 3882.93 | -97.45% |
| Interest | 1633.00 | 3325.50 | 107.79 | 2985.17% |
| PBT | 1223.20 | 1347.60 | 500.71 | 169.14% |
| Total tax | 310.80 | 336.20 | 109.24 | 207.76% |
| PAT | 912.40 | 1011.40 | 391.47 | 158.36% |
| PAT margin% | 15.14% | 8.95% | 3.58% |