HDB Financial Services Launches ₹12,500 Crore IPO
HDB Financial Services is a non-banking financial company backed by HDFC Bank. It has launched its initial public offering (IPO) to raise ₹12,500 crore. The IPO opened on June 25 and will close on June 27.
IPO Details
- Price Band: ₹700-740 per share
- Minimum Lot Size: 20 shares
- Fresh Share Sale: ₹2,500 crore
- Offer-for-Sale: ₹10,000 crore by HDFC Bank
Subscription Status
The IPO has received a positive response from investors, with a 37% subscription on the first day and 1.12 times subscription overall as of June 26. The retail portion is subscribed 0.63 times, while non-institutional investors have subscribed 2.17 times.
Key Dates
- IPO Opening Date: June 25, 2025
- IPO Closing Date: June 27, 2025
- Allotment Date: June 30, 2025
- Listing Date: July 2, 2025
Market Sentiment
The grey market premium (GMP) for HDB Financial Services is ₹50-55 per share. This indicates a potential 6-7% listing gain for investors. Analysts have expressed a positive outlook on the IPO, citing the company’s strong parentage, diversified product portfolio, and robust customer growth
