HDB Financial Services IPO

Posted by Rajesh Singla on March 18th, 2020


Get HDB Financial Services IPO details. And regular updates at Planify.

HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an Aspirational India, serving both Retail & Commercial Clients.

HDB Financial Services Incorporated in 2008, is a well-established business with strong capitalization. HDB Financial Services is accredited with CARE AAA & CRISIL AAA ratings for its long-term debt & Bank facilities and an A1+ rating for its short-term debt & commercial papers, making it a strong and reliable financial institution.

Company is a subsidiary of HDFC Bank Limited. HDB Financial Services was set up as a Non-Banking Financial Company (NBFC) by HDFC Bank in June 2007 and began operations in FY08.

HDB Financial Services’ asset portfolio stood at Rs 48,014 crore as at September 30, 2018 and has grown at more than 30 percent CAGR in the last four years. The loan book has been diversified with increased presence in commercial vehicle and construction equipment (CV/CE) financing and business loans. As a result, the share of loans against property (LAP) declined to 38 percent as on September 30, 2018, as compared to 60 percent as on March 31, 2016.

HDB Financial Services is soon planning to come out with its IPO and the company is a hot commodity in the grey market and when it will come out with its IPO it will attract a lot of retail investors attention, the company is getting a very attractive valuation before the IPO.

Further, it is also expected that the company will come up with its IPO by the end of this year. Due to its association with the HDFC group the company will enjoy some premium in its share price and therefore one cannot say that the company is overpriced.

HDB Financial Services IPO date has not been released yet. Once the IPO date has been issued, the subscription details will be updated regularly. The Allotment status will be announced about 3-4 weeks of the IPO issue date. The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

Planify View Over HDB Financial Services:

  • HDFC Bank Ltd. Which is also a parent company owning more than 95.87 % of HDB Financial Services.
  • It ranked 6th position among top non-banking Financial Companies of India.
  • Company has Received AAA/Stable rating from both agency CARE and CRISIL.
  • This year HDB Financial Services has decided to pay the dividend of 18% on face value of 10 Rs.
  • It also distributes general and life insurance products for HDFC Ergo and HDFC standard insurance companies.
  • If we see the overall financial health of HDB Financial Services is quite good and it is already outperforming among its peers because of its business model, management power and the trust of the parent company.
  • We at Planify Rate is 4 out of 5 and strongly recommend this share for long and short term.

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Rajesh Singla

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Rajesh Singla
Joined: January 6th, 2020
Articles Posted: 6

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