HDB Financial Shares Rally After Strong IPO Debut; Should You Buy Now?
July 03, 2025: HDB Financial Services shares continued their upward momentum on Thursday, climbing to ₹890 before closing at ₹865, extending gains after a strong debut on Wednesday. The stock listed at a 13% premium to its IPO price of ₹740.
HDFC Bank announced the sale of 13.51 crore shares with a face value of ₹10 each during the IPO, reducing its stake in HDB Financial to 74.19% of the company’s total paid-up equity share capital.
The ₹12,500 crore IPO of HDB Financial Services, a subsidiary of HDFC Bank, witnessed robust demand, with bids oversubscribed 16.69 times on the final day. The price band for the issue was set at ₹700-740 per share, and the anchor investors contributed ₹3,369 crore.
The company plans to use proceeds from the fresh issue to strengthen its Tier-I capital base, which will support future capital needs and additional lending for business growth.
Investors are now keenly watching whether the stock can sustain its gains or if there could be a pullback after the sharp post-listing rally.
Just over two months after the premiere of his directorial debut, the Netflix series The…
Filmmaker Ram Gopal Varma (RGV) has once again stirred controversy by defending his descriptive comments…
Nine years after her terrifying 2016 Paris robbery, Kim Kardashian made a powerful statement of…
Bollywood icon Aishwarya Rai Bachchan captivated the audience at the Red Sea Film Festival 2025…
Amid concerns over air pollution stressing the body, the choice of dairy milk can play…
India's largest airline, IndiGo, is facing an unprecedented operational crisis, with over 1,000 flights cancelled…
