By News18
HDB Financial IPO Listing Date: HDB Financial Services is all set to make its debut on the stock exchanges with its Rs 12,500 crore IPO, one of the most anticipated public issues of the year. The company鈥檚 shares are expected to be listed on both the BSE and NSE on Wednesday, July 2, at 10:00 AM.
Subscription Status
The IPO, which opened on June 25, witnessed strong demand, receiving an overall subscription of 16.69 times. The mainboard issue attracted bids for 217.7 crore shares against 13.04 crore shares on offer, as per NSE data.
Qualified Institutional Buyers (QIBs): Subscribed 55.47 times
Non-Institutional Investors (NIIs): Subscribed 10 times
Retail Investors: Subscribed 1.5 times
Employees鈥 Category: Subscribed 5.72 times
IPO Structure and Utilization of Proceeds
The IPO comprised a fresh issue of shares worth 鈧2,500 crore and an offer-for-sale (OFS) by parent company HDFC Bank amounting to 鈧10,000 crore.
Proceeds from the fresh issue will be used to augment HDB Financial Services鈥 Tier-I capital base to meet future capital requirements. These include funding onward lending across the company鈥檚 enterprise lending, asset finance, and consumer finance verticals.
Allotment Status Finalized
The allotment status for the IPO was finalized on Monday. Investors can check their allotment details on the registrar鈥檚 website, MUFG Intime India Pvt Ltd (Link Intime).
How to Check HDB Financial Services IPO Allotment on BSE
Follow these steps to check your allotment status on the BSE website:
Go to the IPO allotment page on BSE
Select 鈥楨quity鈥 as the issue type
Choose 鈥楬DB Financial Services Ltd.鈥 from the dropdown list under issue name
Enter your application number and PAN details to view the status
The company is scheduled to initiate credit of shares to the Demat accounts of successful bidders on Tuesday, July 1. Refunds for non-allottees will also be processed on the same day.
HDB Financial IPO GMP
The GMP of the company is around Rs 57, which is 8% over the issue price.
HDB Financial IPO Listing Date
Shares of HDB Financial Services Ltd are scheduled to be listed on the NSE and BSE on Wednesday, July 2.
HBD Financial IPO Experts View
鈥淭he total gross loans of HDB grew at a CAGR of 23.5% over FY23-25 and stood at Rs 1,068.8 bn as of March 31, 2025. The loan portfolio is highly granular, with the top 20 customers accounting for less than 0.34% of total gross advances,鈥 said Geojit Investments in its IPO report.
鈥淒espite the relatively lower return ratios and profitability growth, we remain optimistic about the company鈥檚 longer-term growth trend, supported by a strong brand parentage, diversified liability franchise supported by a strong credit rating of AAA and a pan-India presence. The issue is valued at a P/B ratio of 3.9x at the upper price band based on FY25 book value, which we believe to be fairly valued compared to its peers. Considering the above compelling factors, we recommend a 鈥楽ubscribe鈥 rating to this issue from a long-term perspective,鈥 said BP Equities in an IPO note.
About HDB Financial Services Ltd, incorporated in 2007, is the leading non-banking financial company (NBFC) of the HDFC Bank. The NBFC is focused on retail lending. It offers personal loans, auto loans, business loans, gold loans and other financing services.