HDB Financial Services IPO Listing Today: India’s Biggest NBFC Issue Set for Strong Debut on Dalal Street

Backed by HDFC Bank, the ₹12,500 crore IPO sees robust investor demand; grey market premium hints at up to 10% listing gain.

Mumbai | July 2, 2025HDB Financial Services, India’s largest non-banking financial company (NBFC) in the IPO market this year, is making its much-anticipated stock market debut today on the NSE and BSE. Backed by HDFC Bank, the public issue raised ₹12,500 crore, attracting enthusiastic participation from institutional and retail investors alike.

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The initial public offering (IPO) opened on June 25 and closed on June 27, comprising 3.38 crore fresh shares (worth ₹2,500 crore) and an offer for sale (OFS) of 13.51 crore shares (worth ₹10,000 crore). HDB Financial secured ₹3,369 crore from anchor investors ahead of the launch, underscoring strong market confidence.

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As of today’s listing, the Grey Market Premium (GMP) suggests that the stock may debut at around ₹811, nearly 9.6% higher than the issue price of ₹740 per equity share. Analysts and brokerages forecast a healthy 8–10% listing gain, with continued momentum likely if broader market sentiment remains upbeat.

🔹 Key Highlights:

  • Issue size: ₹12,500 crore
  • Price band: ₹700–₹740 per share
  • Subscription: Over ₹1.61 lakh crore in total bids
  • GMP today: ₹71–₹81 (around 10% over issue price)
  • Expected listing price: ₹811 (approx.)

This IPO becomes the largest NBFC offering to date and fifth-largest overall IPO in India in two decades. It also stands as the second most subscribed IPO among ₹10,000 crore+ issues, only behind the blockbuster Tata Technologies listing, and ahead of LIC and Zomato in terms of investor response.

Also Read: “HDB Financial IPO Allotment Done—Expect ₹813 Debut, Nearly 10% Up!”

What surprised many analysts is that the IPO’s upper price band of ₹740 was nearly 50% lower than the price being quoted for unlisted shares before the issue opened — further fueling investor enthusiasm.

Twelve top investment banks served as book running lead managers, and experts say HDB’s strong parentage, solid financials, and NBFC growth potential position it well for long-term value creation.


Tags: HDB Financial Services IPO, HDB IPO Listing, HDFC Bank, NBFC IPO, Grey Market Premium, Dalal Street Debut, IPO Market India, Stock Market News, Indian IPO Tracker

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