HDB Financial Services IPO listing and GMP insights
HDB Financial Services, part of HDFC Bank, just wrapped up its ₹12,500 crore IPO with a price band set between ₹700 and ₹740 per share.
The offer was a hit—subscribed 17.65 times between June 25-27—with shares set to list on BSE and NSE on July 2.
How different investor categories fared
Institutional investors led the charge, subscribing a massive 58.64 times.
Non-institutional buyers followed at 10.55 times, while retail investors joined in at 1.51 times.
Allotment wrapped up on June 30.
What does HDB do?
HDB is an NBFC under HDFC Bank since 2007, offering loans to small businesses (Enterprise Lending), vehicle and machinery finance (Asset Finance), and quick consumer loans for things like two-wheelers and electronics.
Grey market premium indicates possible listing pop
Before debut day, HDB shares are trading at a ₹68 or ₹71 premium in the gray market—hinting at a possible ~9% jump over the IPO price when it lists.
Investors seem pretty upbeat about its prospects!