HDB Financial Services finally made its debut at a 13% premium. The IPO price is set at ₹740 per equity share. HDB Financial Services is listed today at ₹835. This Opening is good for the investors.
A few days ago, the GMP was reported between ₹83-₹90, but has since dropped to around ₹43.5 – ₹49 per share. The Market was expecting a potential listing price of approximately ₹783.5 – ₹789, reflecting a premium of about 5.88% – 6.62% over the upper issue price of ₹740, which is lower than previous forecasts.
Currently, HDB Financial Services boasts a Total Loan Portfolio of ₹1.06 lakh crore. In FY25, the business reported impressive revenues of ₹16,300.28 crore and profits of ₹2,175.92 crore.
HDB Financial Services is Operational in 31 States and UTs with 1771 branches. CARE and CRISIL Ratings were given AAA/stable rating for Long-term Debt and Bank Facilities. CARE and CRISIL also assigned an A+ rating to Commercial Papers.
The spotlight is mainly on the IPO price band. Before the announcement, shares were trading in the unlisted market at around ₹ 1,200–₹ 1,350 each, which is 70–80% higher than the upper limit of the IPO price at ₹740.
Anuj Prajapati
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