HDB Financial debuts strongly with 13% premium
HDB Financial Services, backed by HDFC Bank, kicked off its stock market journey with shares listing at ₹835—about 13% higher than the IPO price of ₹740.
The IPO helped the company raise a massive ₹12,500 crore, which included a fresh issue of ₹2,500 crore and an offer-for-sale worth ₹10,000 crore.
IPO was subscribed 17.65 times
The IPO included a fresh issue of ₹2,500 crore and an offer-for-sale worth ₹10,000 crore.
Demand was huge: overall subscriptions hit 17.65 times the available shares, with institutional investors especially keen, subscribing 31.73 times their quota.
HDB Financial is a retail-focused NBFC
HDB Financial is a non-banking finance company offering loans for retail customers and small businesses across India.
With a pan-India presence—most branches outside big cities—it keeps risk low by spreading business widely; its top 20 clients make up just 0.34% of assets.
Analysts see more upside; target price set at ₹900
Analysts like Emkay Global see more room for growth, setting a target price of ₹900 per share.
The strong debut and high demand show investors are confident in HDB's steady growth—even through tough times like COVID-19.