Shares of HDB Financial Services, the non-banking finance arm of HDFC Bank, are all set to make their stock market debut on July 2, 2025. Investors and market watchers are keenly awaiting whether the listing will see a premium opening.
Robust Subscription Demand
The ₹12,500 crore IPO attracted strong interest, closing with a subscription of 16.69 times on the final day of bidding last Friday. Institutional buyers played a major role in driving demand.
IPO Details
- Price Band: ₹700–₹740 per share
- Anchor Book: Ahead of the public issue, HDB Financial raised ₹3,369 crore from anchor investors, underscoring confidence in the company’s growth story.
Use of Proceeds
The funds raised through this IPO will be primarily used to bolster the company’s Tier-I capital base, enabling HDB Financial to expand its lending book and meet future capital requirements to support business growth.
Market Buzz
Ahead of listing, HDB Financial shares were already in focus. As of 3:08 PM today, the stock was trading at ₹841.20 on the NSE, up 0.74%, taking the company’s market capitalisation to nearly ₹69,800 crore.
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