HDB Financial Services IPO Set for Solid Debut: Investor Interest High as Listing Nears

HDB Financial Services’ ₹12,500 crore IPO, the largest NBFC issue of the year, is generating strong market buzz ahead of its July 2 listing on the BSE and NSE. Backed by HDFC Bank, the IPO features a fresh issue of ₹2,500 crore and an offer-for-sale of ₹10,000 crore, with a price band of ₹700–₹740 per share.

 

Key Highlights:

 

Subscription Status: As of Day 2, the IPO is 37% subscribed overall, with non-institutional investors (NIIs) showing the strongest demand at 76% subscription. Retail investor participation stands at 30%.

 

Grey Market Premium (GMP): The latest GMP is ₹50.5, indicating an expected listing price of around ₹790.5—about 6.8% above the upper price band.

 

Growth Plans: HDB aims to broaden its funding base, optimize leverage, and expand its 1,771-branch network across 31 states, while maintaining strong risk management.

 

Listing Details: Shares will be allotted on June 30, with the listing scheduled for July 2, 2025.

 

Outlook:

With robust investor interest, a healthy GMP, and a strong parentage, HDB Financial Services is poised for a positive listing. The company’s expansion strategy and sector tailwinds further support optimism for its long-term growth prospects.

 

Source: Economic Times