The much-awaited HDB Financial Services IPO is finally here, and it’s generating strong investor interest thanks to its solid parentage (HDFC Bank), an attractive grey market premium (GMP), and robust financial performance. If you’ve been searching for “HDB IPO GMP today,” “HDB share listing date,” or “HDB Financial IPO price band” — this guide covers everything you need.
IPO Overview
HDB Financial Services, one of India’s leading non-banking financial companies (NBFCs), is launching its IPO from June 25 to June 27, 2025. The company has fixed the price band at ₹700–₹740 per share, with a minimum lot size of 20 shares.
The issue consists of:
- ₹2,500 crore as a fresh issue
- ₹10,000 crore as an Offer for Sale (OFS) by HDFC Bank
This brings the total IPO size to ₹12,500 crore, making it one of the largest NBFC offerings in recent times.
Grey Market Premium (GMP) and Listing Expectations
As of today, the grey market premium (GMP) for the HDB Financial IPO is ₹83, indicating strong market demand and positive investor sentiment.
Estimated Listing Price: ₹823 (based on upper band ₹740 + ₹83 GMP)
Expected Listing Gain: Approximately 11.22 percent
Important Dates to Remember
- IPO Opens: June 25, 2025
- IPO Closes: June 27, 2025
- Anchor Investor Allocation: June 24, 2025
- Allotment Finalization: June 30, 2025
- Refunds and Demat Credit: July 1, 2025
- Listing Date (BSE and NSE): July 2, 2025
Share Allocation Structure
The IPO has a well-diversified allocation pattern:
- 50% reserved for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NIIs)
- 35% for Retail Investors
- ₹200 crore worth of shares reserved for employees
- ₹12,500 crore worth of shares reserved for HDFC Bank shareholders
Company Background
HDB Financial Services ranks as the seventh largest diversified retail-focused NBFC in India. It offers lending solutions in Enterprise Lending, Asset Finance, and Consumer Finance across an omni-channel distribution network. The company is classified by the RBI as an Upper Layer NBFC (NBFC-UL).
As of March 31, 2025:
- Gross Loans: ₹1,068.8 billion
- Assets Under Management (AUM): ₹1,072.6 billion
- Profit After Tax (FY25): ₹21.8 billion
- CAGR (FY23–FY25): 23.54% in gross loans and 23.71% in AUM
HDFC Bank currently holds a 94.3 percent stake in HDB Financial Services.
Peer Comparison
Key competitors and their price-to-earnings (P/E) ratios include:
- Bajaj Finance: 34.3
- Cholamandalam Investment: 31.4
- Sundaram Finance: 28.1
- L&T Finance: 17.9
- Mahindra Finance: 14.5
- Shriram Finance: 13.0
Analysts expect HDB’s valuation to remain competitive with its peers.
Should You Subscribe?
With strong financials, HDFC Bank backing, and a positive grey market premium, the HDB IPO appears to be a compelling investment option. It offers potential for both listing gains and long-term returns. If you’re a retail investor seeking stable growth in the NBFC space, this IPO is worth serious consideration.
Final Thoughts
The HDB Financial Services IPO combines brand trust, performance, and market optimism. With an expected listing gain of over 11 percent and long-term business potential, the IPO is positioned as one of the standout offerings in 2025. Stay updated with allotment and listing announcements to make timely investment decisis.
Disclaimer:This blog is for informational purposes only and does not constitute financial advice or a recommendation to invest. Investors are advised to consult with a certified financial advisor and read the red herring prospectus (RHP) and official documents carefully before making any investment decision. The grey market premium (GMP) mentioned is based on unofficial sources and is subject to change. Market investments are subject to risks, including the possible loss of principal.
