HDB Financial Services IPO

Don't have a Sharekhan account?
Open demat account in 15 mins*!

More about the IPO Company details How to apply IPO online How does an IPO work?

Company Details

HDB Financial Services Limited are the seventh largest leading, diversified retail-focused non-banking financial company (“NBFC”) in India in terms of the size of Total Gross Loan book at ₹902.2 billion as at March 31, 2024, amongst their NBFC peers, according to the CRISIL Report.

HDB Financial Services Ltd. is categorized as an Upper Layer NBFC (NBFC-UL) by the RBI. They offer a large portfolio of lending products that cater to a growing and diverse customer base through a wide omni-channel distribution network. Their lending products are offered through their three business verticals: Enterprise Lending, Asset Finance and Consumer Finance.

They believe that the success of their business model and operating philosophy is evidenced by their strong and sustained growth and profitability metrics. They began their journey in 2007 as a subsidiary of HDFC Bank Limited (“HDFC Bank”), which is the largest private sector bank in India in terms of total assets of ₹39,102.0 billion as at March 31, 2025, with businesses (including those of its subsidiaries) spanning across retail and commercial banking, asset management, life insurance, general insurance and broking. Under HDFC Bank’s parentage, they have embedded a philosophy of balancing between delivering long-term sustainable growth and profitability. They have derived benefits from HDFC Bank’s parentage, including its brand recognition, while still establishing a set-up independent from HDFC Bank across their various functions including sourcing, underwriting, operations and risk management functions.

They are a diversified NBFC, with a goal of having an optimal mix across products, while maintaining a balanced approach to secured and unsecured loans in their loan book. They believe that their strategy of portfolio diversification across both products and geographies creates a strong and sustainable franchise. They also offer business process outsourcing (“BPO”) services such as back-office support services, collection and sales support services to their Promoter as well as fee-based products such as distribution of insurance products primarily to their lending customers.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

IPO Calendar

List of IPOs

Neptune Logitek Ltd.

Price: 126 - 126 | IPO Lot Size: 1000 | IPO Issue Size: NA
Open Date: 15 Dec 2025 | Close Date: 17 Dec 2025

HDB Financial Services IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

IPO Calendar

List of IPOs

Neptune Logitek Ltd.

Stanbik Agro Ltd.

ICICI Prudential Asset Management Company Ltd.

Exim Routes Ltd.

Ashwini Container Movers Ltd.

Pajson Agro India Ltd.

HRS Aluglaze Ltd.

KSH International Ltd.

MARC Technocrats Ltd.

Global Ocean Logistics India Ltd.

Go Airlines (India) Ltd.

Snapdeal Ltd.

Shyam Dhani Industries Ltd.

Lava International Ltd.

Navi Technologies Ltd

VLCC Healthcare ltd

Oravel Stays Ltd.

Seven Seaz Vacations Ltd.

Sunshine Pictures Ltd.

Waterways Leisure Tourism Ltd.

Hotel Polo Towers Ltd.

Central Mine Planning & Design Institute Ltd.

India1 Payments Pvt. Ltd.

Curefoods Pvt. Ltd.

Genius Consultants Ltd

Innovision Ltd.

SIS Cash Services Pvt. Ltd.

Skyways Air Services Pvt Ltd

Viney Corporation Ltd.

Vishvaraj Environment Pvt. Ltd.

Api Holdings Ltd.

Survival Technologies Ltd.

Onest Ltd.

Park Smart Solutions Ltd.

Netanalytiks Technologies Ltd.

Skill Tree Consulting Ltd.

Durgadevi Raiment Ltd.

Ultra Rich Weddings Ltd.

Inductus Ltd.

Healthvista India Ltd.

Earthood Services Ltd.

Innovatiview India Ltd.

SSBA Innovations Ltd.

Executive Centre India Ltd.

FourFront Ltd.

Vegorama Punjabi Angithi Ltd.

Clean Max Enviro Energy Solutions Ltd.

LEAP INDIA Ltd.

Glass Wall Systems (India) Ltd.

Kanone Technologies Ltd.

Kusumgar Ltd.

Liqvd Digital India Ltd.

PAN HR Solution Ltd.

Seemax Resources Ltd.

Gabion Technologies India Ltd.

Paluck Technologies Ltd.

Duroflex Pvt.Ltd.

National Stock Exchange of India Ltd.

SKIL Infrastructure Ltd.

J K Files & Engineering Ltd.

Avana Logistek Ltd.

Shree Shubham Logistics Ltd.

Sterlite Energy Ltd.

Oswal Engineering Ltd.Dubai

UIC Udyog Ltd.

Bajaj Energy Ltd.

Advanced Systems Automation Ltd.

BVG India Ltd.

Speciality Molecules Ltd.

Credila Financial Services Ltd.

Genera Agri Corp Ltd.

Usher Eco Power Ltd.

Wapcos Ltd.