HDB Financial Services, a subsidiary of HDFC Bank, is launching its much-awaited Initial Public Offering (IPO). The IPO will remain open for subscription for three days.
IPO Structure and Pricing
- Total Issue Size: ₹12,500 crore
- Fresh Issue: ₹2,500 crore
- Offer for Sale (OFS): ₹10,000 crore
- Price Band: ₹700–₹740 per share
- Lot Size: 20 shares
- Minimum Investment (Retail): ₹14,800
GMP and Listing Expectations
The Grey Market Premium (GMP) is currently around ₹89, indicating a potential 12% listing gain. The listing is expected to take place on BSE and NSE.
About the Company
HDB Financial Services is a leading NBFC offering a range of secured and unsecured loans, including personal loans, gold loans, business loans, and asset financing. Backed by HDFC Bank, the company has a strong presence and financial track record.
Investor Outlook
With solid financials, a trusted parent company, and positive market sentiment, the IPO is attracting significant attention from both retail and institutional investors.
