Prediction LIVE: Anticipating Possible Premium Listing for HDB Financial Services. Expert Opinions, Notable GMP Increase, and Potential Risks Reviewed
In a significant development for the Indian financial sector, HDB Financial Services, backed by India's biggest private lending giant HDFC Bank, has been listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today, July 2, 2025. The listing took place at 10:00 AM IST, following the IPO allotment finalization and share crediting to investors’ demat accounts on July 1, 2025.
The Initial Public Offering (IPO) was massively oversubscribed at 16.69 times, with strong institutional investor interest driving this record subscription. The IPO price band was set between ₹700 to ₹740 per share, and the shares are now trading with a strong premium in the market.
Reports suggest that the stock is expected to list at a premium to the issue price, with some estimates pointing to a potential 20% premium to the IPO price band, implying a listing price near ₹840 to ₹888 per share. This indicates a positive Grey Market Premium (GMP), reflecting high demand and optimism among investors.
The HDB Financial Services IPO was a combination of 3.38 crore fresh shares worth Rs 2,500 crore and an offer for sale of 13.51 crore shares to raise Rs 10,000 crore. The IPO raised approximately Rs 12,500 crore, making it India's biggest Non-Banking Financial Company (NBFC) IPO.
Twelve investment banking firms acted as book runners for the HDB Financial Services IPO, ensuring a smooth and successful process. The final allotment for the IPO was made on June 30, and the bidding for the IPO opened on June 25 and closed on June 27.
This listing marks a significant milestone for HDB Financial Services and the Indian financial sector. The strong market response to the IPO indicates a positive outlook for the company and the sector as a whole. As the shares start trading, investors will be closely watching the performance of HDB Financial Services in the stock market.
- The over-subscription of HDB Financial Services' IPO at 16.69 times signifies a strong interest from institutional investors in the trading of stocks in the market.
- With reports suggesting a potential 20% premium to the IPO price band, the listed shares of HDB Financial Services are expected to trade with a strong premium in the market, indicating a positive Grey Market Premium (GMP).
- The combination of fresh shares and offer for sale in the HDB Financial Services IPO raised approximately Rs 12,500 crore, making it the biggest Non-Banking Financial Company (NBFC) IPO in India.
- In the Defi sector, investors will be closely watching the performance of HDB Financial Services in the stock market, as the company's listing indicates a positive outlook for the Indian financial sector.
- Twelve investment banking firms acted as book runners for HDB Financial Services' IPO, ensuring a smooth and successful listing process in the finance industry.
- As HDB Financial Services begins trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), the liquidity of the Indian market is expected to increase, potentially attracting more investors to the stock market and business sector.
