A Massive IPO Draws Attention
HDB Financial Services has just launched one of the biggest IPOs on the Indian market this year—a massive ₹12,500 crore offer that officially opened for public subscription today, June 25. If you’re eyeing this opportunity, act fast: subscriptions wrap up on June 27. The action kicked off even before public bidding, with anchor investors entering the game on June 24. Now all eyes are on what happens next, as share allotment is lined up for June 30 and the stock is scheduled to hit the bourses from July 1.
The price tag for this IPO lands between ₹700 and ₹740 for each share. If you want in, you need to start with at least one lot, which is 20 shares—meaning the entry point for retail investors is ₹14,000. Market buzz is already swirling, thanks to a grey market premium (GMP) that stands at ₹50.5 per share. This premium hints at a possible listing price close to ₹790.5, representing an estimated 6.8% gain over the top end of the pricing band. Clearly, demand is running hot ahead of the listing.
About the Company: What’s at Stake?
HDB Financial Services is no small fry. It's a non-banking financial company (NBFC) that's a key subsidiary of HDFC Bank. The company offers a variety of lending services, plus business process outsourcing for clients who want financial solutions without running a full-scale operation themselves. Investors should note, HDB holds the highest safety marks in the industry, with AAA long-term ratings from CARE and CRISIL, as well as an A1+ rating for its short-term borrowings. These strong credit scores speak to the company’s financial stability, even as it goes public.
After the dust settles on the IPO, HDFC Bank will still be firmly in control, but its stake will drop from 95% to 74%. So, while HDB is stepping out for a bigger solo act in the markets, the parent company remains the main player behind the curtain.
Here’s an important twist—despite growing total income, profits have taken a bit of a hit. In the fiscal year ending March 2025, profit dropped to ₹2,175.92 crore, down from ₹2,460.84 crore in the previous year. That’s an 11.6% dip. But the top line tells a different story: total income actually rose 15% to ₹16,300.28 crore. So what gives? Mostly, growing competition and credit costs have squeezed profits, but core business growth is still very much alive.
- Key Dates:
- IPO Opens: June 25
- IPO Closes: June 27
- Share Allotment: June 30
- Expected Listing: July 1
- Price Band: ₹700-740 per share
- Minimum Lot: 20 shares (₹14,000 entry)
- Grey Market Premium: ₹50.5 (6.8% expected listing gain)
The IPO consists of both fresh shares and an offer for sale (OFS), which means the company is raising new funds and early shareholders are cashing in some of their investment. After the IPO, the market values *HDB Financial Services* at around ₹61,253 crore—roughly 3.9 times its FY25 book value, according to current estimates. That’s a premium valuation, and it signals big expectations for the company’s future performance.
For anyone looking beyond the surface, this is more than just a financial event. It’s a headliner moment for India’s financial sector, offering a chance to own a piece of a company built on solid foundations—despite cyclical bumps in profit. As the market heats up, investors will be watching closely to see if HDB’s debut matches the hype both in returns and market leadership.
