HDB Financial Services (HDBFS), the non-banking finance arm of HDFC Bank, debuted on the stock exchanges today at ₹835 per share, marking a 13% premium over its IPO price band of ₹700–₹740. The ₹12,500-crore IPO, open for bidding from June 25–27 2025, was oversubscribed 16.69 times, reflecting massive investor confidence.
Strong Institutional Demand & Listing Momentum
Qualified Institutional Buyers (QIBs) drove record subscriptions at 55.47 times, underscoring faith in HDB Financial Services’s growth trajectory. Shares are projected to rally toward ₹900 (a 22% gain from the top IPO price), fueled by post-listing optimism.
Brokerage Backing & Growth Outlook
Shortly after listing, Emkay Global Financial Services issued a “BUY” rating for HDB Financial Services, highlighting its potential in India’s expanding retail credit market. The brokerage emphasized HDB Financial Services’s synergy with HDFC Bank’s brand strength and distribution network as key competitive advantages.
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HDFC Bank’s Managing Director & CEO, Sashidhar Jagdishan, reaffirmed support for HDB Financial Services:
“This IPO provides HDB Financial Services independent capital and visibility to accelerate its growth journey. We will continue backing them as they navigate public market opportunities and challenges. This marks a strategic milestone in unlocking value.”
Jagdishan’s statement signals HDFC Bank’s commitment to strengthening HDBFS’s position in secured/unsecured lending, SME finance, and wealth management.
Investor Action
Allotment was finalized on June 30, 2025, with shares credited to demat accounts by July 1. Investors can check allotment status via MUFG Intime India Private Limited or stock exchange portals using PAN and application details.
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