HDB Financial Services shares made their stock market debut on July 2 with modest gains, in line with grey market predictions. The company’s performance marks a strong entry into the public markets, boosting investor confidence in the non-banking financial sector.
Image source:- Mint
Strong Start for HDB Financial Services on Dalal Street
HDB Financial Services, the subsidiary of HDFC Bank, listed its shares on July 2, 2025, to a positive yet cautious reception. Backed by a robust grey market premium (GMP) of around ₹35–₹40 ahead of listing, the company opened at a respectable premium over its issue price. Investors closely tracked the listing as a bellwether for upcoming NBFC IPOs.
Despite market volatility and macroeconomic uncertainties, HDB’s fundamentals, including strong loan portfolios and HDFC’s brand credibility, have driven investor interest. Analysts noted that long-term investors are likely to benefit from the company’s consistent growth in retail lending, digital onboarding, and risk management.
IPO Response and Listing Performance
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IPO Price Band: ₹800–₹850 per share
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Listing Price: Around ₹885–₹890 on NSE & BSE
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GMP before listing: ₹35–₹40
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Subscription: Fully subscribed with solid institutional and retail participation
Retail investors and institutional buyers alike showed significant interest, which helped in securing a successful listing despite recent market corrections. Experts recommend holding the stock for long-term capital appreciation.
What Lies Ahead?
With steady income growth and a scalable digital lending model, HDB Financial Services is poised for further expansion. Analysts are also hopeful that the IPO success will pave the way for more NBFCs to consider public listings in FY26.
