New Delhi, June 26: The IPO of HDB Financial Services saw robust interest on Day 2 of public subscription, closing the day with 1.16x overall subscription. Backed by HDFC Bank, the offering attracted healthy demand across investor categories, despite volatility in the broader market.
Analysts noted that the IPO benefitted from the company’s strong brand lineage, extensive rural lending network, and a consistent track record of profitability.
According to Gaurav Garg from Lemonn Markets, “HDB Financial Services gives investors exposure to India’s expanding rural and underbanked credit markets. Backed by HDFC, with a secure and diversified loan book, the IPO presents a strong case for medium- to long-term investment.”
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He added that short-term investors may also consider applying for listing gains, supported by fair valuations and strong fundamentals.
Besides HDB, other IPOs also performed strongly:
If you’re a long-term investor, HDB’s strong parentage, digital-first infrastructure, and focus on secured lending may justify the premium valuations. For short-term investors, listing gains remain a possibility, though softer GMP trends suggest tempered expectations.
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