Latest news with #HDBFinancialServicesLtd
Economic Times
13 hours ago
- Business
- Economic Times
Top arranger says India IPOs to raise $30 billion over 12 months
The boom in Indian initial public offerings is expected to continue, with companies poised to raise over $30 billion in the next 12 months, according to Kotak Mahindra Capital Co. ADVERTISEMENT Around 150 firms are planning to tap the equity market, V Jayasankar, head of investment banking at Kotak, the country's top arranger for equity deals this year, said in an interview. 'The pace of IPO filings is robust, and it reflects the deepening confidence of issuers in India's capital markets,' he said. India's IPO market had a slow start to the year after companies raised a record $21 billion in 2024. But activity has picked up in recent months. A number of billion-dollar deals are on their way, with this month's solid debut by HDB Financial Services Ltd. also boosting sentiment. The shadow lender's $1.5 billion IPO was India's biggest in 2025. Overall IPO proceeds for this year stand at $7 billion, and Jefferies Financial Group expects up to $18 billion to be raised in the second half.'It's a reflection of our large, fast-growing economy,' Jayasankar said. 'Even if GDP isn't expanding at 8%, a 6%-plus growth rate still creates significant opportunities for businesses,' he said. ADVERTISEMENT Among firms gearing up to enter the market, Tata Capital Ltd. is planning to raise about $2 billion. The Indian unit of South Korea's LG Electronics Inc. is also looking to raise as much as $1.7 Jayasankar counted India's resilience to external geopolitical uncertainties as well as political stability among factors that should continue to underpin the bullish market sentiment, he also highlighted potential headwinds. A weak secondary market, declining domestic inflows, or a shift in foreign investor interest toward more attractively valued markets like China could challenge the IPO momentum, he said. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
04-07-2025
- Business
- Business Standard
HDB Financial Services Share Price
HDB Financial Services Ltd - Key Fundamentals PARAMETER VALUES Market Cap (₹ Cr) 70,136 EPS - TTM (₹) [C] 26.23 P/E Ratio (X) [C] 32.23 Face Value (₹) 10 Latest Dividend (%) - Latest Dividend Date - Dividend Yield (%) 0.33 Book Value Share (₹) [C] 220.84 P/B Ratio (₹) [C] 3.83 [*C] Consolidated [*S] Standalone Funds Owning this Stock Scheme Name Amount Invested (₹ Cr) No Of Shares Net Asset (%) Union Liquid Fund (G) 74.98 75,00,00,000 1.88 Union Liquid Fund (IDCW-M) 74.98 75,00,00,000 1.88 Union Liquid Fund (IDCW-Frt) 74.98 75,00,00,000 1.88 Union Liquid Fund (IDCW-W) 74.98 75,00,00,000 1.88 Union Liquid Fund (IDCW-D) 74.98 75,00,00,000 1.88 Union Liquid Fund - Direct (G) 74.98 75,00,00,000 1.88 Union Liquid Fund - Direct (IDCW-D) 74.98 75,00,00,000 1.88 Union Liquid Fund - Direct (IDCW-Frt) 74.98 75,00,00,000 1.88 Union Liquid Fund - Direct (IDCW-M) 74.98 75,00,00,000 1.88 Union Liquid Fund - Direct (IDCW-W) 74.98 75,00,00,000 1.88 Stock Strength Today's Low/High (₹) 836.25 878.90 Week Low/High (₹) 827.15 892.00 Month Low/High (₹) 827.15 892.00 Year Low/High (₹) 827.15 892.00 All time Low/High (₹) 827.50 892.00 Share Price Returns Period BSE NSE SENSEX NIFTY 1 Week - - -0.74% -0.69% 1 Month - - 3.01% 3.42% 3 Month - - 10.71% 11.16% 6 Month - - 5.31% 6.07% 1 Year - - 4.23% 4.77% 3 Year - - 56.73% 60.79% FAQs about HDB Financial Services Ltd 1. What's the HDB Financial Services Ltd share price today? HDB Financial Services Ltd share price was Rs 844.85 at 04:01 PM IST on 4th Jul 2025. HDB Financial Services Ltd share price was down by 2.34% from the previous closing price of Rs 865.10. 2. How can I quickly analyse the performance of the HDB Financial Services Ltd stock? The performance of the HDB Financial Services Ltd stock can be quickly analysed on the following metrics: The stock's PE is 32.23 Price to book value ratio is 3.83 Dividend yield of 0.33 The EPS (trailing 12 months) of the HDB Financial Services Ltd stock is Rs 26.23 3. What is the market cap of HDB Financial Services Ltd? HDB Financial Services Ltd has a market capitalisation of Rs 70,086 crore. 4. What is HDB Financial Services Ltd's 52-week high/low share price? The HDB Financial Services Ltd's 52-week high share price is Rs 891.65 and 52-week low share price is Rs 827.50. 5. Is the HDB Financial Services Ltd profitable? On a consolidated basis, HDB Financial Services Ltd reported a profit of Rs 530.90 crore on a total income of Rs 4,266.10 crore for the quarter ended 2025. For the year ended 2025, HDB Financial Services Ltd had posted a profit of Rs 2,175.92 crore on a total income of Rs 16,300.28 crore. 6. Which are HDB Financial Services Ltd's peers in the Financials sector? HDB Financial Services Ltd's top 5 peers in the Financials sector are Bajaj Housing, SBI Cards, Aditya Birla Cap, HDB FINANC SER, Sundaram Finance, Max Financial, L&T Finance Ltd. 7. Who owns how much in HDB Financial Services Ltd? Key changes to the HDB Financial Services Ltd shareholding are as follows: Promoter holding in HDB Financial Services Ltd has gone down to 74.19 per cent as of Jul 2025 from 94.54 per cent as of Oct 2024.
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Business Standard
02-07-2025
- Business
- Business Standard
HDB to debut on Mumbai bourse following biggest Indian IPO of 2025
The IPO is the biggest since Hyundai Motor India Ltd.'s record $3.3 billion deal in October and comes as institutional share placements and listings are picking up after a lull Bloomberg Shares of HDB Financial Services Ltd. will start trading in Mumbai on Wednesday after the shadow lender's ₹12,500 crore ($1.5 billion) initial public offering — India's biggest this year — attracted strong demand from investors. HDB, a unit of India's biggest private lender HDFC Bank Ltd., sold shares at ₹740 apiece, the top of their marketed range. The offering lured interest from global funds such as those managed by Morgan Stanley and Allianz SE, as well as from domestic institutions like Life Insurance Corp. of India. The IPO is the biggest since Hyundai Motor India Ltd.'s record $3.3 billion deal in October and comes as institutional share placements and listings are picking up after a lull that followed a blockbuster 2024. India's $5.4 trillion stock market is booming again on the back of foreign inflows, with the benchmark index approaching a record high. A solid debut for HDB could augur well for some other closely watched deals expected later this year, including those of Tata Capital Ltd. and the domestic unit of South Korea's LG Electronics Inc. Shadow lenders like HDB typically target customers underserved or unserved by banks because of a limited credit history and low income, making them a crucial part of the financial landscape in the world's most populous nation. Their business is seen benefiting in the current environment as the Indian central bank has taken aggressive efforts to stimulate the economy via interest-rate cuts and liquidity injections. 'There will be investor interest because of HDB's asset size and parentage. It's a strong brand play,' said Rajnath Yadav, an analyst at Choice Equity Broking Pvt. Further, the Indian central bank's recent policy measures are favorable for shadow lenders, he added. HDB has a loan book of almost $12 billion and operates more than 1,700 branches with about 90,000 employees, according to its IPO document. Rajiv Mehta, an analyst at Yes Securities India Ltd., says HDB's 'palatable IPO valuation' offers an attractive opportunity for returns. The stock is priced at about 3.4 times book value on a trailing 12-month basis, a discount to peer Cholamandalam Investment and Finance Co. that has a valuation of 5.7 times, according to Mehta. India's top shadow lender Bajaj Finance Ltd. trades at 6 times its book while Sundaram Finance Ltd. is valued at more than 4 times, according to data compiled by Bloomberg. A dozen banks have helped arrange the HDB deal, including BNP Paribas SA, JM Financial Ltd., and Bank of America Corp.
Mint
27-06-2025
- Business
- Mint
HDB Financial Services IPO day 3 Live: GMP, subscription status to review. Should you apply for this HDFC Bank arm?
HDB Financial Services IPO: Bidding for the initial public offering (IPO) of HDB Financial Services Limited ends today. So, investors have just one day to apply for the public issue of this HDFC Bank arm. The company has declared the HDB Financial Services IPO price band at ₹ 700 to ₹ 740 per equity share. The company, a subsidiary of HDFC Bank Ltd, aims to raise ₹ 12,500 crore, of which ₹ 10,000 crore is reserved for OFS and the rest, ₹ 2,500 crore, is aimed through fresh shares. Looking at the big HDB Financial Services IPO, the HDB Financial Services IPO subscription status suggests the initial public offer has received a decent response from the primary market investors in the first two days of bidding. However, the grey market sentiment has taken a hit despite the Indian stock market's continued bull trend for the last three straight sessions. According to market observers, HDB Financial Services shares are available at a premium of ₹ 50 in the grey market today. As mentioned above, HDB Financial Services IPO GMP (Grey Market Premium) today is ₹ 50, which is ₹ 25 lower than Thursday's HDB Financial Services IPO grey market premium of ₹ 75. They said the secondary market has been in a bull trend for the last three sessions. So, HDB Financial Services IPO GMP going down can be attributed to the weak-looking HDB Financial Services IPO subscription status. However, the HDB Financial Services IPO subscription is quite attractive if we look at the HDB Financial Services IPO size as ₹ 12,500 crore. They said investors should not be bothered by the dip in HDB Financial Services IPO GMP and look at the strong bull trend in the secondary market before making any final investment decision. After the end of bidding on day 2, the public issue had been subscribed 1.16 times, the retail portion of the public issue had been booked 0.64 times, the NII segment had been subscribed 2.29 times, and the QIB portion had been filled 0.90 times. Infographic: Courtesy mintgenie Assigning a 'subscribe' tag to HDB Financial Services IPO said, "We believe HDB Financial Services Ltd IPO brings investors an opportunity to invest in one of India's leading and fastest-growing diversified NBFCs, with a well-balanced loan portfolio across Enterprise Lending, Asset Finance, and Consumer Finance. On valuation parse at the upper price band of ₹ 740/-, the issue asks for a market cap of ₹ 61388 cr. Based on FY 2025 earnings and fully diluted post-IPO paid-up capital, the company is asking for a Price-to-book ratio (P/B) of 3.5x, which seems fairly valued, considering its industry average of ~3.5-4x. Given its strong parentage, proven execution across cycles, diversified loan mix, and digital-first approach, we believe HDB Financial Services is well-positioned to benefit from India's ongoing financial inclusion and expanding retail credit demand. Hence, looking at all attributes, we recommend investors to "SUBSCRIBE" to the HDB Financial Services Ltd IPO for a long-term perspective." Advising investors to apply for the initial offer, Yes Securities said, "At the upper end of the IPO Price Band of Rs700-740, HDB is being priced at 3.7x/3.4x trailing PBV and 28x/27x trailing PE on pre/post-money basis. This valuation represents a significant discount to Chola, which trades at 5.7x PBV and 32x PE on a trailing basis. In light of HDB's sturdy franchise, strong management/promoter, positively changing operating environment and palatable IPO valuation, we recommend subscribing to the issue with a potential of meaningful upside in the next 12m." Sharekhan has also assigned a 'subscribe' tag to the initial offer, saying, "The company is valued at an FY25 price-to-book ratio of ~3.2x/~3.4x at post-issue capital at the lower price band & upper price band respectively, which is reasonable as compared to its peers considering the growth and return ratio profile. Strong parentage and much smaller size than its core peer (Bajaj Finance) provide a long runway for growth. Additionally, a favourable macro environment will be a tailwind for the sector in the near to medium term. We expect healthy listing gains and remain assertive from a medium to long-term perspective." Apart from these, Kunvarji Finstock, Aditya Birla Money, Bajaj Broking, Canara Bank Securities, Centrum Wealth Management, Nirmal Bang, SBI Capital Securities, etc., have also been assigned a 'subscribe' tag to the HDB Financial Services IPO. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Indian Express
25-06-2025
- Business
- Indian Express
HDB Financial Services IPO worth Rs 12,500 crore launched: Price band, key dates and subscription status
HDFC Bank's non-banking subsidiary HDB Financial Services Ltd's Rs 12,500-crore IPO opened for subscription on Wednesday. The price band of the IPO, which is one of the largest public offerings by a non-banking entity in the Indian capital market, was set at Rs 700-740 per share. This is also the country's largest IPO since Hyundai Motor India Ltd's Rs 27,870 crore share offering last year. At around 4 PM, the issue was subscribed 32 per cent, with bids for 4.18 crore shares being received as against 13.04 crore shares offered. The retail investors applied for 1.59 crore shares against the total retail quota of 5.62 crore shares. The qualified institutional buyers (QIB) portion saw 3.01 crore bid against 3.21 crore shares offered. The non-institutional investors portion was subscribed 6 per cent. The employees' quota was subscribed 1.51 times. The category received 4.31 lakh bids as against 2.86 crore shares offered. The shareholders' quota got subscribed 60 per cent. The issue consists of a fresh issuance aggregating up to Rs 2,500 crore and an offer for sale of up to Rs 10,000 crore by the parent company HDFC Bank. After the IPO, HDFC Bank's stake in HDB Financial Services will be reduced to 75 per cent from the current 94 per cent. The issue will close on June 27. Ahead of the IPO opening, HDB Financial Services raised Rs 3,368.99 crore from anchor investors, which included Life Insurance Corporation of India, ICICI Prudential Mutual Fund (MF), Nippon Life India MF, BlackRock, Axis MF, Aditya Birla Sun Life MF, UTI MF, Schroder International Selection Fund, Goldman Sachs Funds, among others. Geojit Investments Ltd in a note said at the upper price band of Rs 740 apiece, HDB Financial Services is available at a price-to-book (P/B) ratio of 3.4x (FY25-post issue basis), which appears to be fairly priced compared to its peers.
