IPO GMP HDB Financial Services: Subscription Status, Listing Date, and Key Financials You Must Know
HDB Financial Services IPO Hits the Market
The IPO GMP HDB Financial Services is creating a massive buzz in India’s financial world. Launched on June 25, 2025, this Rs 12,500 crore initial public offering (IPO) from HDB Financial Services, a subsidiary of HDFC Bank, is the biggest IPO of 2025 so far.
By the end of Day 2, the HDB IPO subscription status shows it’s fully subscribed at 1.16 times, with strong demand from non-institutional investors (NIIs). If you’re looking to invest or just curious about the grey market premium HDB IPO GMP, this article has all the key details you need in simple, easy-to-understand language.
Subscription Status: How’s the IPO Doing?
As of June 26, 2025, at 5 PM, the HDB Financial Services IPO subscription status is impressive. In contrast to the 13.04 crore equity shares issued, the IPO attracted offers for almost 15.14 crore shares. Here’s the breakdown:
- Non-Institutional Investors (NIIs): Subscribed 2.29 times, with 4.73 crore shares bid for against 2.4 crore reserved.
- The Qualified Institutional Buyers (QIBs) made 0.90 subscriptions, bidding for 2.88 crore shares out of 3.2 crore allotted.
- Retail Investors: Subscribed 0.64 times, with 3.34 crore shares bid for against 5.61 crore reserved.
- Employee Quota: Subscribed 2.97 times, with 7.85 lakh shares bid for against 2.85 lakh reserved.
- Quota for shareholders: 2.68 crore shares were bought for against 1.76 crore reserved, resulting in 1.68 subscriptions.
The strong demand, especially from NIIs and employees, shows growing investor interest in this IPO. The HDB IPO subscription status reflects confidence in the company’s strong backing by HDFC Bank and its growth potential in India’s financial sector.
Grey Market Premium: What’s the Buzz?
The grey market premium HDB IPO GMP is a hot topic for investors. The IPO GMP as of June 26, 2025, is Rs 50–56 per share, indicating a listing gain of roughly 6.8–7.6% over the Rs 740 upper price range. This translates to an estimated listing price of around Rs 790-796 per share. However, the GMP IPO has seen ups and downs, dropping from a high of Rs 104.5 before the IPO opened to Rs 46 on June 23. This volatility in the HDB IPO GMP indicates cautious optimism among investors, but it’s a key signal of potential listing gains. Keep in mind, grey market premiums are unofficial and can change quickly based on market trends.
Listing Date and Allotment Details
Wondering when you’ll see the shares in action? The HDB Financial Services IPO is set to list on the BSE and NSE on July 2, 2025. The share allotment will be finalized on June 30, 2025, with refunds processed and shares credited to demat accounts by July 1, 2025. If you’ve applied, you can check the HDB IPO allotment status on the MUFG Intime India Private Limited (Link Intime) website. This clear timeline helps you plan your investment moves.
Read also: Flipkart Share Price Today: Is It Listed? All Details Here
Key Financials: How Strong is HDB Financial Services?
HDB Financial Services is a leading non-banking financial company (NBFC) in India, and its financials are a big reason for the IPO’s hype. Here’s what you need to know about its performance as of March 31, 2025:
- Revenue: Rs 16,300.28 crore in FY25, up 15.03% from Rs 14,171.12 crore in FY24.
- Profit After Tax (PAT): Rs 2,175.92 crore in FY25, down 11.58% from Rs 2,460.84 crore in FY24 due to interest rate fluctuations.
- Assets Under Management (AUM): Rs 1,07,260 crore, with a 23.71% CAGR from FY23 to FY25.
- Total Gross Loan Book: Rs 1,06,880 crore, growing at a 23.54% CAGR since FY23.
- Return on Assets (ROA): 2.16%.
- Return on Equity (ROE): 14.72%.
- Asset Quality: Net non-performing assets (NNPA) are at 0.99% and gross non-performing assets (GNPA) are at 2.26%.
With 1,771 branches across 1,170 towns and a customer base of 19.2 million growing at a 25.45% CAGR, HDB is a powerhouse in retail and MSME lending. Its diversified loan book—39.3% enterprise lending, 38.03% asset finance, and 22.66% consumer finance—makes it a strong player.
IPO Details: Price, Size, and More
The HDB Financial Services IPO is a mix of a fresh issue of Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by HDFC Bank, which holds a 94.3% stake. The price band is set at Rs 700-740 per share, with a minimum lot size of 20 shares, costing retail investors around Rs 14,800 at the upper end. The IPO raised Rs 3,369 crore from anchor investors, including LIC and BlackRock, showing strong institutional trust. At the upper price band, the company’s market capitalization is around Rs 61,400 crore, with a price-to-book (P/B) ratio of 3.4x, which is competitive compared to peers like Bajaj Finance.
How to Apply for the IPO
You can apply for the HDB IPO online using UPI or ASBA through platforms like Zerodha, Angel One, or your bank’s net banking. Retail investors can bid for up to 260 shares (Rs 1,92,400), while HDFC Bank shareholders as of June 19, 2025, can apply under the shareholder quota for up to Rs 2,00,000. The employee quota offers a small discount, making it attractive for HDB staff.
Final Thoughts
The IPO GMP HDB Financial Services is a hot topic, with its strong subscription, promising financials, and a listing date of July 2, 2025. If you’re tracking the HDB IPO GMP, this IPO offers a chance to invest in a leading NBFC with a solid track record.
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy, sell, or hold any securities. The information provided is based on publicly available data and is believed to be accurate at the time of writing. Readers are advised to consult with a certified financial advisor before making any investment decisions. The author and the website are not liable for any financial losses or damages arising from the use of this information
