New Delhi, June 24 -- HDB Financial Services IPO opens for subscription on tomorrow (Wednesday, June 25). HDB Financial Services ranks as the seventh largest diverse retail-focused non-banking financial company (NBFC) in India, with a total gross loan book of Rs.902.2 billion as of March 31, 2024, according to the CRISIL Report, among its NBFC competitors.

The company's peers, as stated in the red herring prospectus (RHP), include Bajaj Finance Ltd (with a P/E of 34.3), Sundaram Finance Ltd (with a P/E of 28.1), L&T Finance Ltd (with a P/E of 17.9), Mahindra & Mahindra Financial Services Ltd (with a P/E of 14.5), Cholamandalam Investment and Finance Company Ltd (with a P/E of 31.4), and Shriram Finance Ltd (with a P/E of 13.0).

HDB Fina...