HDB Financial IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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What is the latest news relating to HDB Financial IPO?
HDB Financials has filed its DRHP with SEBI and the investors are eagerly awaiting SEBI green signal to this IPO and the shareholders of HDFC Bank are awaiting when they will be able to use their preferencial allotment in this IPO.
HDB Financial IPO Subscription Status
Will update subscription status once the IPO opens for subscription.
HDB Financial IPO Allotment Link:
We will provide allotment link, once the allotment is finalised.
Who is the promoter of HDB Financial IPO?
The promoter of the company is HDFC Bank ltd
What are the Objects of HDB Financial IPO?
The Company proposes to utilize the Net Proceeds towards funding the following objects
Augmentation of the Company’s Tier – I Capital base to meet the Company’s future capital requirements including onward lending
What is the business of HDB Financial?
HDB Financial Services is one of the leading, diversified retail-focused NBFCs in India in terms of Total Gross Loan book size, according to the CRISIL Report. The Company is categorized as an Upper Layer NBFC (NBFC-UL) by the RBI. It offers a large portfolio of lending products that cater to a growing and diverse customer base through a wide omni-channel distribution network. Its lending products are offered through its three business verticals: Enterprise Lending, Asset Finance and Consumer Finance. It believes that the success of its business model and operating philosophy is evidenced by its strong and sustained growth and profitability metrics. Its Total Gross Loans stood at ₹986.2 billion as at September 30, 2024, reflecting a CAGR of 20.93% between March 31, 2022 to September 30, 2024. Its assets under management stood at ₹902.3 billion as at March 31, 2024 reflecting a CAGR of 21.18% between Fiscal 2022 and Fiscal 2024. In Fiscal 2024, it generated a profit after tax of ₹24.6 billion, which reflected a CAGR of 55.98% between Fiscal 2022 and Fiscal 2024. Its Total Gross Loans growth, operating efficiencies and strong asset quality helped it deliver Return on Average Assets of 3.03% and Return on Average Equity of 19.55% for Fiscal 2024, which is one of the highest amongst its NBFC peers, according to the CRISIL Report.
It began its journey in 2007 as a subsidiary of HDFC Bank, which is the largest private sector bank in India in terms of total assets of ₹36,880.7 billion as at September 30, 2024, with businesses (including those of its subsidiaries) spanning across retail and commercial banking, asset management, life insurance, general insurance and broking.
Its omni-channel “phygital” distribution model combines a large branch network, in-house tele-calling teams and various external distribution networks and channel partners. As at September 30, 2024, it had a pan-India network of 1,772 branches in 1,162 towns across 31 States and Union Territories, with over 80% of our branches located outside the 20 largest cities in India. Its network of branches is complemented by its external distribution channel partnerships with over 80 brands and original equipment manufacturers (“OEMs”) and external distribution networks with over 140,000 retailers and dealer touchpoints as at September 30, 2024.
Its tech-enabled operating processes have contributed to maintaining a strong asset quality and low Credit Costs despite its fast growing customer base and distribution network. This is evidenced by its GNPA and NNPA ratios of 2.10% and 0.83%, respectively, as at September 30, 2024 and Credit Costs Ratio (annualised) of 1.79% for the six-month period ended September 30, 2024. It remains focused on ensuring that it employs highly conservative policies for provisioning, with 66.82% of Provisioning Coverage Ratio as at March 31, 2024, one of the highest amongst the peers according to the CRISIL Report and a 3.88% provisioning on its Total Gross Loans, as at March 31, 2024.
For more information, click www.hdbfs.com
HDB Financial IPO GMP grey market premium, review, Subscription, allotment, listing estimate
HDB Financial IPO Details |
|
IPO opens on | November 2024 |
IPO closes on | November 2024 |
Issue Type | Book Built Issue IPO |
Issue Size | ? Shares / Rs 12,500 Crore |
* Fresh Issue | ? Shares / Rs 2500 Crore |
* Offer for Sale | – shares/ Rs.10,000 Crore |
Face Value per share: | Rs. 10 |
Price Band | Rs.? |
Retail Discount | Rs 0 per share |
Employee discount | Rs. ? per share |
Retail Lot Size | ? Shares |
Listing will at | BSE, NSE |
Shares offered in |
Shares | Rs. in Crore |
QIB (75 %) | ? | ? |
NII (15 %) | ? | ? |
RII (10 %) | ? | ? |
Employees | – | – |
Total Shares | ? | 12500 |
Retail portion will be oversubscribed by | ? Forms. | |
How to apply in HDB Financial IPO? | Amount Rs. |
|
Min Retail Application | ? Shares | ? |
Max Retail Application | ? Shares | ? |
Small HNI (Min) application | ? Shares | ? |
Small HNI (Max) application | ? Shares | ? |
Big HNI Application | ? Shares | ? |
What is the timetable of HDB Financial IPO? |
|
IPO opens on | November 2024 |
IPO Closes on | November 2024 |
IPO Allotment on | November 2024 |
Unblocking of ASBA | November 2024 |
Credit of Shares | November 2024 |
Listing on | November 2024 |
Registered Office of HDB Financial | |
Radhika, 2nd Floor, Law Garden Road, Navrangpura, |
|
Who are the Lead Managers of HDB Financial IPO? JM Financial Ltd BNP Paribas BofA Securities India Ltd Goldman Sachs (India) Securities HSBC Securities and Capital Markets (India) IIFL Securities Ltd Jefferies India Pvt ltd Morgan Stanley India Company Motilal Oswal Investment Advisors Ltd Nomura Financial Advisory and Securities Nuvama Wealth Management Ltd UBS Securities India Pvt Ltd |
|
Registrar to IPO | |
Link Intime India Private Limited |
HDB Financial IPO Financial & Analytical Ratios |
||||
Year | Total Income | Net Profit | EPS | RoNW |
Rs. in Cr | Rs.in Cr | Rs. | % | |
2021-22 | 11306 | 1011 | 12.81 | 11.25 |
2022-23 | 12403 | 1959 | 24.78 | 18.68 |
2023-24 | 14171 | 2461 | 31.08 | 19.55 |
Book Value of the Share on 31.03.2024 |
Rs. | 173.30 | ||
BV after the FPO | Rs. | ? | ||
Offer Price at Cap | Rs. | ? |
HDB Financial IPO Ratio Analysis |
|
Price /EPS | ? |
Price/Book Value Ratio | ? |
Price/BV after IPO | ? |
How HDB Financial IPO compares with the Peers?
As on date of DRHP | FV | Total | PE |
Rs. | Income | Ratio of | |
Rs. In Cr | |||
HDB Financial | 10 | 14717 | ? |
Bajaj Finance | 2 | 54969 | 29.80 |
Sundram Finance | 10 | 7267 | 36.20 |
L&T Finance | 10 | 13580 | 15.50 |
M&M Fin. Services | 2 | 15797 | 17.80 |
Cholamandalam Fin | 2 | 19140 | 31.50 |
Shriram Finance | 10 | 36379 | 16.70 |
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HDB Financial IPO Review
We will update our Review & Guidance, once the price band and other details are announced by the company.
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