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:

    Open FREE* Demat & Trading Account & ₹0 AMC for first year

    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%