HDB Financial Services IPO GMP Highlights: HDB Financial Services’ IPO, one of the most awaited and the largest NBFC public issues this year, opened for subscription on June 25 and will close on June 27. By the second day, investor demand had already pushed the issue to full subscription, showing strong interest from the market. What’s been striking about it is that the GMP has seen a significant fall since the IPO opened. The IPO is currently trading at a grey market premium (GMP) of around 8%. This is almost 6% below the initial levels.
HDB Financial Services IPO: 4 key factors to watch
HDB Financial Service IPO size: The Rs 12,500 crore offering is a mix of a Rs 2,500 crore fresh issue and a Rs 10,000 crore offer for sale by promoter HDFC Bank. Currently, HDFC Bank owns over 94% of HDB Financial, holding more than 75 crore equity shares ahead of the IPO.
HDB Financial Service IPO price band: The issue has been priced around Rs 700-740 per share, the issue combines a fresh issue and an offer for sale.
HDB Financial Service IPO proceeds: The fresh issue proceeds are set to be used for the company’s expansion plans. The company is looking to expand in tier II and tier III cities.
HDB Financial Service IPO largest issue this year: Valued at Rs 12,500 crore, the HDB Financial IPO is also being counted among the largest NBFC offerings in recent years and ranks as the fifth biggest IPO in India over the past two decades.
HDB Financial IPO Live: Other services offered by HDB Financial
HDB Financial Services also offer business process outsourcing (“BPO”) services such as back-office support services, collection and sales support services to HBD’s Promoter as well as fee-based products such as distribution of insurance products primarily to the company’s lending customers.
HDB Financial IPO Live: GMP update
The HDB Financial IPO enters its third and final day of bidding today. According to market trends, the company’s shares are trading at a premium of Rs 60 in the grey market. This suggests a potential listing price of around Rs 800, about 8.1% above the IPO’s upper price band of Rs 740.
However, this is just an estimate based on unofficial market activity. The actual listing price may vary depending on investor sentiment and broader market conditions.
HDB Financial IPO Live: Key dates to remember
The share allotment for the HDB Financial Services IPO is likely to be finalised on Monday, June 30. Investors who applied will be able to check if they received shares on that date. The company is set to list its shares on both the BSE and NSE, with the tentative listing date scheduled for Wednesday, July 2.
HDB Financial IPO Live: HDB Financial’s business overview
The company’s total gross loans stood at Rs 1,068.8 billion as of March 2025, reflecting a CAGR of 23.54% between March 2023 and March 2025. The company’s assets under management stood at Rs 1,072.6 billion as of March 2025, reflecting a CAGR of 23.71% between Fiscal 2023 and 2025.
HDB Financial IPO Live: Subscription update
On Day 2 of bidding, HDB Financial Services’ IPO was subscribed 1.16 times overall. The non-institutional investor (NII) category saw the strongest response at 2.29 times, followed by the qualified institutional buyers (QIBs) at 0.90 times. Meanwhile, the retail investor portion was subscribed 0.64 times.
HDB Financial Services IPO, HDB IPO GMP Live News