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HDB Financial IPO: The IPO of HDB Financial Services Limited will open on June 25 and by June 27, retail investors will be able to invest money. The price band of this IPO of ₹ 12,500 crore is ₹ 700- ₹ 740 per share.
In the gray market, HDB is trading on the share premium of financial IPO.
Highlights
- The IPO of HDB Financial Services will open on June 25.
- The price band of ₹ 12,500 crore IPO is ₹ 700- ₹ 740 per share.
- The shares will be listed on BSE and NSE on 2 July.
New Delhi. HDFC Bank’s subsidiary, HDB Financial Services Limited will open on 25 June. Retail Nisters will be able to invest money in this IPO till June 27. This will be the largest IPO of the year 2025 so far. The price band of this IPO of ₹ 12,500 crore has been fixed at ₹ 700- ₹ 740 per share. 10% of the IPO will be reserved for HDFC Bank’s shareholders. About 31.44% of IPOs have been reserved for retail investors, 44.92% QIB and 13.48% NII. The allotment of the shares will be on June 30 and the shares will be listed on both BSE and NSE on July 2.
Bet for shareholder quota
Investors must have at least one HDFC Bank share to be eligible in shareholder quota. That is, those who have shares of HDFC Bank, they can bid in shareholders quota in investors IPOs. This will increase the chances of their IPO allotted. The cut-off date for eligibility in shareholder quota was June 19, 2025.
Decision of ltd sting after RBI’s instructions
The decision to list the HDB Financial Services came after the Reserve Bank (RBI )’s October 2022 instructions in which the upper class NBFC was made mandatory to list in the stock market within three years. Even after the IPO, HDB Financial Services will remain a subsidiary of HDFC Bank, which is under the provisions of applicable regulations.
HDB Financial IPO GMP
According to the website iPovachdotin, which monitors the gray market, the GMP gray market premium of HDB Financial Services IPO is 9 percent. IPO shares are currently trading at Rs 75 at a premium in the gray market. According to GMP, the listing of HDB Financial IPO can be at Rs 815 as against the upper price band 740.
(Disclaimer: Investment made in IPO is subject to market risks. If you want to invest in IPO then consult the first certified Investment Advisor. News18 will not be responsible for any kind of profit or loss.)
