The IPO, which opened on June 25 and closed on June 27, comprised a fresh issue of shares worth Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by promoter HDFC Bank. The price was fixed at Rs 740 per share, and the issue attracted strong demand across investor categories, receiving over 42.6 lakh applications.
According to stock exchange data, the IPO was subscribed 17.65 times overall, with the qualified institutional buyers (QIBs) portion subscribed 58.64 times, non-institutional investors (NIIs) 10.55 times, and the retail category 1.51 times. The employee and shareholder segments also received solid response.
The IPO garnered Rs 3,369 crore raised a day ahead of the opening from institutional investors including mutual funds, insurance firms, and global investors.
Allotment status can be checked on Link Intime’s official website
https://linkintime.co.in/initial_offer/public-issues.html
Select “HDB Financial Services” from the dropdown
Enter your PAN, Application Number, or DP/Client ID
Click on “Search” to view allotment details
or via the BSE at
https://www.bseindia.com/investors/appli_check.aspx
Select “Equity” as issue type
Choose “HDB Financial” from the dropdown
Enter your application number and PAN
As per the listing schedule, refunds will be initiated on July 1, and shares will be credited to successful applicants’ demat accounts the same day. The stock is expected to debut on the BSE and NSE on Wednesday, July 2, 2025.
HDB Financial IPO GMP
The GMP of the company is around Rs 57, which is 8% over the issue price.
About the Company
Incorporated in 2007, HDB Financial Services is a leading non-banking financial company (NBFC) offering retail loans, asset finance, consumer lending, and business process outsourcing services. It operates with a pan-India network of 1,771 branches across 31 states and union territories, with over 80 percent of its branches located in smaller towns.
For FY25, HDB reported revenue of Rs 16,300 crore and a net profit of Rs 2,175 crore. Despite a slight drop in profitability, analysts have cited its granular loan book, growing retail base, and strong parentage via HDFC Bank as long-term positives.
The company’s post-issue market capitalisation is estimated at Rs 61,253 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
