India’s biggest NBFC IPO, HDB Financial Services, will open on June 25. The company will mop up around Rs 12,500 crore through a book-building issue. The issue is a combination of 3.38 crore fresh shares worth Rs 2,500 crore and an offer for sale of 13.51 crore shares to pocket in Rs 10,000 crore.
HDB Financial Services IPO: Allotment date
Backed by India’s biggest private lending giant, HDFC Bank, HDB Financial’s IPO will close for bidding on June 27, 2025. The allotment for the IPO is expected to be finalised on June 30. HDB Financial IPO will be listed on BSE and NSE, with a tentative listing date fixed as July 2.
HDB Financial IPO: GMP
In the grey market, ahead of the issue opening, HDB Financial shares were trading at a premium of Rs 47.5. This indicates a potential listing price of Rs 787.5, which is around 6.42% higher than the upper price band of Rs 740. However, this is not the actual listing price and may fluctuate based on market sentiment.
HDB Financial Services IPO: Price band and lot size
Investors can bid for HDB Financial Services’ IPO in a range of Rs 700 to Rs 740 per equity share. The minimum lot size for a retail application is 20, coming to a minimum investment of Rs 14,000.
However, for a small non-institutional investor (NII), the minimum lot size is 14 lots of 280 shares, which amounts to Rs 2.07 lakh, and for a big NII, it is 68 lots of 1,360 shares, amounting to Rs 10.06 lakhs.
HDB Financial Services IPO: Book runners and registrar
There’s a slew of investment bankers to be a part of HDB Financial Services’ IPO. A total of 12 investment banking firms are book runners. Everyone wants a piece of India’s biggest NBFC IPO. BNP Paribas, JM Financial, BofA Securities India, Goldman Sachs (India) Securities, HSBC Securities & Capital Markets, IIFL Capital Services, Jefferies India, Morgan Stanley India Company, Motilal Oswal Investment Advisors, Nomura Financial Advisory And Securities (India), Nuvama Wealth Management, and UBS Securities India are the book running lead managers of the IPO, while MUFG Intime India (earlier Link Intime) is the registrar for the issue.