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Updated: July 02, 2025 08:05
1. The Big Day: HDB Financial Services Lists on the Bourses
Debut Highlights:
HDFC Bank's subsidiary HDB Financial Services is listing in the public market today, July 2, 2025, with its long-awaited stock market listing.
The shares are being floated in the BSE and NSE in the 'B' Group of Securities.
Trading opens at 10:00 AM under the Special Pre-open Session (SPOS) after a blockbuster IPO which closed on the last day of June 27.
2. Grey Market Buzz: Premium Signs Positive Sentiment
Market Pulse:
Grey market premium (GMP) on HDB shares has increased to ₹75 per share post-issue, indicating a probable listing price of ₹815—about 10% above the issue price of ₹740.
Analysts are expecting a listing increase of 7%-11% on the strength of strong institutional appetite and HDFC legacy of the firm.
3. IPO Snapshot: A Surprising Demand
Subscription Insights:
The ₹12,500 crore IPO was subscribed nearly 27 times overall.
Qualified Institutional Buyers (QIBs): 55.47x
Non-Institutional Investors (NIIs): 10x
Retail Investors: 1.5x
The transaction included a new issue of ₹2,500 crore and an offer-for-sale of ₹10,000 crore by HDFC Bank.
4. Why Investors Are Bullish
Expert Takeaways:
Experts point out HDB's sound parentage, detailed loan book and solid asset quality as major positives.
Company's loan book increased at a CAGR of 23.5% during FY23–25, and the top 20 borrowers represented less than 0.34% of advances.
Analysts think that the listing will strengthen investors' search for quality NBFCs, particularly ones with digital and physical distribution networks.
5. Post-Listing Outlook: Measured Optimism
Forward View:
While the pop in the offering must be solid, credit cost control, earnings transparency, and sector tailwinds will drive sustainable performance.
Investors are urged to regard the listing as a platform for access to long-term participation in India's emerging credit culture, not a short-term trade.
Sources: Moneycontrol, MSN News, Livemint, News18, Goodreturns, Economic Times, Mehta Equities, INVasset PMS.