HDB Financial IPO – India’s Biggest NBFC IPO: Explained.

IPO Dates: • Anchor investors: June 24 • Public bidding: June 25–27 • Allotment: June 30 • Listing: July 2 on NSE & BSE IPO Size: • Total: ₹12,500 Cr ₹2,500 Cr (fresh issue) ₹10,000 Cr (Offer for Sale by HDFC Bank) • Price band not yet announced Grey Market Premium (GMP): • As of June 19: Around ₹103 per share • Indicates strong demand ahead of IPO Use of Funds: • To boost Tier I capital • Support future lending and business growth in FY25–26 Recent Financials (Q3 FY25): • Net profit: Down 26% YoY due to higher provisions • Loan book: ₹1.02 lakh Cr (up 22% YoY) • NIM: 7.5% • Customers: 18.4 million • Branches: 1,792 in 1,168 cities • New branches: 20 added this quarter About HDB Financial: • Subsidiary of HDFC Bank (94.3% stake) • Started in 2007 • Offers loans across 3 segments: 1. Enterprise Lending 2. Asset Finance 3. Consumer Finance • Focuses on both secured & unsecured loans Key Risks: • Macroeconomic slowdowns may impact business • Rising NPAs, unsecured loan defaults • Interest rate volatility • Future stake sale by HDFC Bank may affect stock Lead Managers • Includes JM Financial, Goldman Sachs, Morgan Stanley, Motilal Oswal & others Why Watch This IPO? • It's India’s biggest-ever NBFC IPO • Backed by trusted brand HDFC Bank • Huge reach & growing loan book • Good GMP signals strong investor interest 📌 Disclaimer: Do your own research or consult a financial advisor before investing.