02 Jul , 2025 By : Debdeep Gupta
HDB Financial shares listed at a decent premium of about 13 percent over its IPO price on the National Stock Exchange (NSE) on Wednesday, July 2. The listing of the shares of the subsidiary of HDFC Bank was better than the expectations in the grey market which had priced in a 8-10 percent gains on the listing day for the allotted investors.
Shares of HDB Financial Services listed at Rs 835 per share on the NSE, a premium of 12.84 percent over its issue price. The Rs 12,500-crore issue had a price band of Rs 700-740 per share.
On the BSE too, the shares were listed at Rs 835 apiece, a premium of 12.84 percent. The total market cap of the company post listing of shares stood at Rs 69,268.82 crore.
The IPO of HDB Financial was open for subscription between June 25 and June 27 and saw full subscription by the second day. The issue concluded 16.69 times subscription, with strong interest from institutional investors.
On post-listing strategy, Prashanth Tapse, Research Analyst at Mehta Equities advised investors who missed the allotment to consider buying on dips if the stock sees short-term volatility. "HDB Financial is well-placed for a structural credit upcycle in India and is suitable for investors with a 3-5 year view," he said.
Narendra Solanki, Head Fundamental Research- Investment Services, Anand Rathi Shares and Stock Brokers, advised that investors may consider holding stock for long-term post listing.
The non-banking financial company (NBFC) operates with a diversified loan portfolio, including enterprise, consumer and asset financing. It has a wide presence across India with 1,771 branches and more than 60,000 employees.
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