Shares of the HDB Financial Services Ltd, a subsidiary of HDFC Bank, will make its debut in the Indian stock market today. HDB Financial Services IPO listing is scheduled at 10:00 IST on the bourses today (Wednesday, July 2). HDB Financial Services shares will be a part of Special Pre-open Session (SPOS), as per BSE notice.
Experts predict that the HDB Financial Services IPO expected listing price to have a healthy 8–10% listing gain, reflecting strong investor appetite. HDB Financial Services IPO allotment status was finalised on Monday, June 30.
Ahead of the HDB Financial Services IPO listing, HDB Financial Services IPO GMP today is +65. This indicates HDB Financial Services share price was trading at a premium of ₹65 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of HDB Financial Services share price is indicated at ₹805 apiece, which is 8.78% higher than the IPO price of ₹740.
HDB Financial Services IPO opened for subscription on Tuesday, June 24, and closed on Thursday, June 26. HDB Financial Services IPO subscription status on the last bidding day was 16.69 times. The company fixed a price band of ₹700 to ₹740 per share for its IPO.
HDB Financial Services is recognized as the seventh largest diversified retail-centric non-banking financial company (NBFC) in India, with a total gross loan portfolio of ₹902.2 billion as of March 31, 2024, among its peers in the NBFC sector, according to the CRISIL Report.
The Reserve Bank of India (RBI) categorizes the company as an Upper Layer Non-Banking Financial Company (NBFC-UL). The NBFC offers a wide array of lending products tailored to cater to the growing needs of its customer base through a comprehensive omni-channel distribution network. HDFC Bank owns a 94.3% share in HDB Financial prior to the IPO.
HDB Financial Services Share Price Live: Here’s what Prashanth Tapse says about the listing
According to Prashanth Tapse, Research Analyst, Mehta Equities Ltd, after years of anticipation, HDB Financial Services is finally set to debut on the Indian stock exchanges, and early indicators point to a healthy 8–10% listing gain, reflecting strong investor appetite.
The IPO garnered over ₹1.61 lakh crore in bids, underscoring massive institutional and retail interest. This makes HDB’s offering the second most subscribed IPO among ₹10,000+ crore issues, trailing only the record-breaking Tata Technologies listing. However, it did fall short of surpassing the all-time high ₹3 lakh crore+ subscription seen in the Bajaj Housing Finance IPO.
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