HDB is an update about the IPO of Financial Services. The company has fixed the price band ₹ 10 for this IPO in a limit of ₹ 700 to ₹ 740 per equity share. Investors will be able to bid in this IPO from June 25. It will be closed on 27 June. Let us tell you, allotment to anchor investors for HDB Financial Services IPO is going to be done on 24 June. The IPO lot size is in the multiplic shares and then in multiple equity shares.
How much is the reserve for which investors
According to the news, HDB Financial Services IPO has not reserved more than 50% share in public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional institutional investors (NIIs), and not less than 35% of the proposal for retail investors. Temporarily, the allocation of shares of this IPO will be finalized on June 30, and the company will start the refund on July 1, while the shares will be deposited in the demat account of the allottees on the same day after the refund. HDB Financial Services shares are expected to be listed on BSE and NSE on Wednesday, 2 July.
What did the company say about the company in CRISIL report
According to Livemint news, the Crisil report states that HDB Financial Services is the seventh largest, diverse retail-centered non-banking financial company (NBFC) in India. Its total gross loan book is Rs 902.2 billion among its NBFC competitors by 31 March 2024. The Reserve Bank of India (RBI) has categorized the company as an upper layer non-banking financial company (NBFC-UL).
How is the company’s financial performance
According to the data, HDB Financial Services reported a total gross loan of ₹ 1,068.8 billion by March 31, 2025. It shows the compound annual growth rate (CAGR) of 23.54% from 31 March, 2023 to 31 March 2025. By March 31, 2025, the assets under his management reached ₹ 1,072.6 billion, which reflects CAGR of 23.71% from the financial year 2023 to the financial year 2025. In FY 2025, NBFC achieved a tax profit (PAT) of ₹ 21.8 billion (PAT), which shows a CAGR of 5.38% between the financial year 2023 and the financial year 2025.
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