HDB Financial Services Share Price Live: HDB Financial Services shares list with 13% premium over IPO price at Rs 835 on BSE and NSE
Economic Times |
Synopsis
HDB Financial Services Share Price Live: Shares of HDB Financial Services made their Dalal Street debut on Wednesday. The stock listed with a 12.84% premium at Rs 835 on BSE and NSE, compared with its offer price of Rs 740.
Emkay became the first brokerage to initiate coverage on HDB Financial Services with buy call and June 2026 target price of Rs 900 by valuing it at FY27 P/B of 3x. “The 55x QIB bid reflects confidence in its ‘phygital’ presence across Tier 2–4 cities and a 23% loan book CAGR, whereas retail caution mirrors the post-LIC and Paytm skepticism toward large issuances.
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- HDB Financial becomes 8th most valuable NBFC with Rs 70,200-crore market cap
- HDB Financial Services gets Rs 900 target price. Should you buy after 13% listing pop?
- HDB Financial Services lists at 12.84% premium, debuts at Rs 835 on BSE, NSE
- Mega IPOs turn into mega disasters: Can HDB Financial break the Rs 10,000 crore curse?
03:44:48 PM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: HDB share price settles at Rs 840.90 gaining 0.71% today.
03:10:30 PM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: HDB Financial likely to list with moderate gains
HDB Financial Services' IPO, which was oversubscribed 16.69 times, is anticipated to have a modest listing on the stock exchanges. Analysts suggest that investors who didn’t receive an allotment may consider buying on the listing day with a long-term outlook. Experts predict listing gains in the range of 5–10% and advise holding the stock for a minimum of three years, given its strong fundamentals and appealing IPO pricing.
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02:36:50 PM IST, 02 Jul 2025
HDB Financial Services Share Price Live: Emkay Global on HDB's strengths
Emkay Global gave three reasons for its positive view on HDB:
- HDB Financial is a highly diversified (geographically and product-wise), extremely granular (top 20 accounts constitute ~0.34% of AUM), and large-scale lending franchise with over 19mn customers.
- It has seen multiple credit cycles, Covid, and built from scratch with a bottom-up approach.
- Its strategy of focusing on direct sourcing (~82% of FY25 disbursements), remote areas (70% branches are in tier 4 towns and beyond), and lo ..
02:06:34 PM IST, 02 Jul 2025
HDB Financial Services Share Price Live: Mega IPOs turn into mega disasters
01:16:28 PM IST, 02 Jul 2025
HDB Financial Services Share Price Live: Post listing view on HDB Financial Services Ltd by Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
"We believe the robust response signals market confidence in HDB's business model, parentage (as an HDFC group company), and long-term growth potential in the NBFC space.
Despite broader market uncertainties driven by geopolitical tensions, the strong institutional participation underscores confidence in HDB’s solid fundamentals and long-term growth potential. We believe company’s strategic positioning to benefit from liquidity push from RBI, especially with high focus on SME NBFC growth
For Non-allotted investors: Those who did not receive any allotment may consider accumulating on any post-listing corrections, particularly during short-term volatility triggered by broader market movements. As we see HDB Financial Services offers a value-driven opportunity with both defensive and growth characteristics, best suitable for investors with a 3–5 year investment horizon.”
Despite broader market uncertainties driven by geopolitical tensions, the strong institutional participation underscores confidence in HDB’s solid fundamentals and long-term growth potential. We believe company’s strategic positioning to benefit from liquidity push from RBI, especially with high focus on SME NBFC growth
For Non-allotted investors: Those who did not receive any allotment may consider accumulating on any post-listing corrections, particularly during short-term volatility triggered by broader market movements. As we see HDB Financial Services offers a value-driven opportunity with both defensive and growth characteristics, best suitable for investors with a 3–5 year investment horizon.”
01:12:47 PM IST, 02 Jul 2025
HDB Financial Services Share Price Live: HDB Financial Services strengths
- HDB Financial has surpassed ₹1 trillion in assets under management without needing external capital for the past eight years — a notable achievement compared to many major IPOs that were still incurring losses or facing profitability challenges.
- It has navigated several credit cycles, including the Covid-19 crisis, while sustaining profitable growth, supported by a well-diversified portfolio of secured and unsecured loans.
12:28:47 PM IST, 02 Jul 2025
HDB Financial Services Share Price Live: HDB Financial Services shares rise 1.5%
12:12:21 PM IST, 02 Jul 2025
HDB Financial Services Share Price Live: Emkay Global's coverage on HDB Financial Services
- Emkay Global estimates HDB Financial Services will achieve around 20% AUM growth.
- It projects a 27% CAGR in earnings per share (EPS).
- Return on assets is expected to improve to 2.7%, up from 2.16% in FY25.
- Return on equity is forecast to rise to 17%, compared to 14.7% in FY25.
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11:46:10 AM IST, 02 Jul 2025
HDB Financial Services Share Price Live: HDB Financial becomes 8th most valuable NBFC with Rs 70,200-crore market cap
On its listing day, the stock hit a high of Rs 845.75, pushing the company’s market capitalisation to Rs 70,198 crore and ranking it as the eighth most valuable non-banking financial company (NBFC) in India.
11:29:18 AM IST, 02 Jul 2025
HDB Financial Services Share Price Live: Post listing comments by Tarun Singh, MD and Founder, Highbrow Securities
The 13% listing premium strikes a measured note, respectable without being euphoric, much like HDB Financial itself. The market appears to have carefully weighed its dual proposition, the stability of HDFC lineage against the challenges of a maturing NBFC sector.
This outcome validates institutional confidence in HDB's pan-India distribution and RBI-compliant structure, while simultaneously acknowledging retail investors' prudent hesitation at current valuations. The moderate premium suggests the street views this as a steady compounder rather than a high-growth story a fair assessment given its 14% RoE and diversified book.
Moving forward, HDB's ability to translate its parentage into consistent returns will determine whether today's listing proves to be a starting point or a peak. For now, it stands as a thoughtful addition to India's financial services landscape neither revolutionary nor disappointing, but importantly, credible.
This outcome validates institutional confidence in HDB's pan-India distribution and RBI-compliant structure, while simultaneously acknowledging retail investors' prudent hesitation at current valuations. The moderate premium suggests the street views this as a steady compounder rather than a high-growth story a fair assessment given its 14% RoE and diversified book.
Moving forward, HDB's ability to translate its parentage into consistent returns will determine whether today's listing proves to be a starting point or a peak. For now, it stands as a thoughtful addition to India's financial services landscape neither revolutionary nor disappointing, but importantly, credible.
11:04:19 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates | HDB IPO Subscription; QIB most subscribed
- The IPO received over Rs 1.61 lakh crore in bids, but institutional interest was higher than that of retail.
- QIB (qualified institutional buyer) portion was oversubscribed over 55x.
- Retail held back at 1.4x.
- Overall, the IPO was oversubscribed nearly 17 times.
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10:49:56 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates | Company's market cap surges to Rs 69,181 crore
10:40:15 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates |HDB's IPO ranks as the second most subscribed among ₹10,000+ crore issues.
HDB's IPO ranks as the second most subscribed among ₹10,000+ crore issues, behind only the record-setting Tata Technologies listing. However, it couldn’t exceed the all-time subscription record of ₹3 lakh crore set by Bajaj Housing Finance.
10:29:55 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates | Emkay Global initiates coverage on the stock with target of Rs 900
Emkay became the first brokerage to initiate coverage on HDB Financial Services with buy call and June 2026 target price of Rs 900 by valuing it at FY27 P/B of 3x.
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10:14:05 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates | Shares gain marginally post listing
10:00:03 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates | HDB Financial Services lists at 12.84% premium, debuts at Rs 835 on BSE, NSE
Following months of anticipation and enthusiastic investor interest, HDB Financial Services debuted on the stock market on July 2. The shares opened at Rs 835 on both the NSE and BSE, reflecting a 12.84% premium (Rs 95 higher) over the issue price of Rs 740.
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09:48:05 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates | HDB Financial Services shares list at 13% premium over IPO price
The stock listed with 12.84% gains at Rs 835 on BSE and NSE.
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09:45:00 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: Business Segment Mix
09:38:34 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: Listing Date & Time
Date: July 2, 2025
Time: 10 am
Time: 10 am
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09:30:00 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: Valuation and View
HDB Financial IPO Live Updates: The company is valued at an FY25 price-to-book ratio of ~3.2x/~3.4x at post-issue capital at the lower price band & upper price band respectively, which is reasonable as compared to its peers considering the growth and return ratio profile. Strong parentage and much smaller in size as compared its core peer (Bajaj Finance) provides a long runway for growth. Additionally, favourable macro environment will act as tailwind for the sector in the near to medium term. We expect healthy listing gains and remain assertive from a medium to long-term perspective.
09:10:00 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: Analyst View post listing
Analysts advise those who received allotments to hold the stock for the medium to long term. Investors who missed out may find attractive entry points if the stock dips after listing.
03:08:39 PM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: HDB Financial likely to list with moderate gains
HDB Financial Services' IPO, which saw an oversubscription of 16.69 times, is expected to make a modest debut on the exchanges. Analysts believe investors who missed the allotment can consider entering on listing day with a long-term perspective. Experts estimate listing gains of 5–10% and recommend holding the stock for at least three years, citing robust fundamentals and attractive IPO valuations.
08:40:00 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: SWOT Analysis
08:23:00 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: Other Details
08:10:00 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: Shareholding Pattern
07:55:00 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: Shareholding (No. of shares)
09:15:09 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: Business overview
HDB Financial IPO Live Updates: HDB Financial Services commenced operations in 2007 as a subsidiary of HDFC Bank, India’s largest private sector bank. While the company has benefited significantly from HDFC Bank’s strong brand equity and market credibility, it has built an independent operational infrastructure — including its own sourcing, underwriting, operations, and risk management functions.
Focused on financial inclusion, HDB primarily serves underserved and under-banked segments, targeting low- to middle-income households with limited or no formal credit history. As of March 31, 2025, more than 80% of its branches are located outside India’s 20 most populous cities (as per the 2011 census), with over 70% in Tier 4 and smaller towns — underscoring its deep rural and semi-urban penetration.
Focused on financial inclusion, HDB primarily serves underserved and under-banked segments, targeting low- to middle-income households with limited or no formal credit history. As of March 31, 2025, more than 80% of its branches are located outside India’s 20 most populous cities (as per the 2011 census), with over 70% in Tier 4 and smaller towns — underscoring its deep rural and semi-urban penetration.
07:29:15 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: Growth Strategy
HDB Financial IPO Live Updates: Key Strategic Priorities Going Forward:
Broaden Product Offerings to Tap New Customer Segments:
HDB aims to diversify and expand its addressable market by enhancing its product suite across retail loans, asset financing, and consumer credit. This approach will help cater to evolving customer needs and penetrate underserved segments.
Strengthen Omnichannel Distribution Across India:
The company plans to continue scaling its pan-India distribution footprint by deepening its omnichannel presence. This includes expanding physical branches in Tier II and III cities while leveraging digital platforms to enhance accessibility and reach.
Leverage Technology and Data Intelligence:
Focused investments in technology, artificial intelligence, and data analytics will drive customer engagement, operational efficiency, and cost optimisation. These tools will also enhance real-time decision-making and service personalization.
Broaden Product Offerings to Tap New Customer Segments:
HDB aims to diversify and expand its addressable market by enhancing its product suite across retail loans, asset financing, and consumer credit. This approach will help cater to evolving customer needs and penetrate underserved segments.
Strengthen Omnichannel Distribution Across India:
The company plans to continue scaling its pan-India distribution footprint by deepening its omnichannel presence. This includes expanding physical branches in Tier II and III cities while leveraging digital platforms to enhance accessibility and reach.
Leverage Technology and Data Intelligence:
Focused investments in technology, artificial intelligence, and data analytics will drive customer engagement, operational efficiency, and cost optimisation. These tools will also enhance real-time decision-making and service personalization.
07:05:15 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: Key Risks to Watch Post Listing
HDB Financial IPO Live Updates:
Potential Overhang from HDFC Bank's Stake Sale:
As per the RBI's draft circular dated October 4, 2024, HDFC Bank may be required to reduce its stake in HDB Financial Services from 74.2% (post-issue) to below 20% within two years. This potential stake dilution could act as an overhang on the stock price in the near to medium term.
Asset Quality Concerns:
As of March 2025, HDB’s Gross Stage 3 loans stood at 2.3% of total loans. A rise in defaults or delayed repayments could impact its asset quality and weigh on profitability.
High Exposure to Unsecured Loans:
Unsecured lending constituted 27.0% of the company’s loan book as of March 2025. This segment typically carries higher credit risk and could lead to elevated provisioning in case of stress.
Liquidity Risks:
Any mismatch between assets and liabilities may lead to liquidity pressures, which could adversely affect operations and financial stability.
Regulatory Headwinds:
Being part of a tightly regulated sector, HDB Financial Services is exposed to changes in RBI guidelines. Any unfavourable regulatory developments or compliance lapses could negatively impact business performance.
Potential Overhang from HDFC Bank's Stake Sale:
As per the RBI's draft circular dated October 4, 2024, HDFC Bank may be required to reduce its stake in HDB Financial Services from 74.2% (post-issue) to below 20% within two years. This potential stake dilution could act as an overhang on the stock price in the near to medium term.
Asset Quality Concerns:
As of March 2025, HDB’s Gross Stage 3 loans stood at 2.3% of total loans. A rise in defaults or delayed repayments could impact its asset quality and weigh on profitability.
High Exposure to Unsecured Loans:
Unsecured lending constituted 27.0% of the company’s loan book as of March 2025. This segment typically carries higher credit risk and could lead to elevated provisioning in case of stress.
Liquidity Risks:
Any mismatch between assets and liabilities may lead to liquidity pressures, which could adversely affect operations and financial stability.
Regulatory Headwinds:
Being part of a tightly regulated sector, HDB Financial Services is exposed to changes in RBI guidelines. Any unfavourable regulatory developments or compliance lapses could negatively impact business performance.
07:04:22 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: About the Company
HDB Financial IPO Live Updates: Incorporated in 2007, HDB Financial Services is a prominent non-banking financial company (NBFC) engaged in retail loans, asset financing, consumer lending, and business process outsourcing. It has a robust pan-India presence with 1,771 branches across 31 states and union territories, with over 80% of its network situated in smaller towns.
For FY25, the company reported revenue of ₹16,300 crore and a net profit of ₹2,175 crore. While there was a slight decline in profitability, analysts remain optimistic due to its diversified loan book, expanding retail customer base, and strong backing from parent HDFC Bank.
Post-listing, the company’s market capitalisation is projected to be around ₹61,253 crore.
For FY25, the company reported revenue of ₹16,300 crore and a net profit of ₹2,175 crore. While there was a slight decline in profitability, analysts remain optimistic due to its diversified loan book, expanding retail customer base, and strong backing from parent HDFC Bank.
Post-listing, the company’s market capitalisation is projected to be around ₹61,253 crore.
07:04:06 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: HDB Financial Services Share Listing Date and Time
HDB Financial IPO Live Updates: HDB Financial Services' IPO is scheduled to list on both the BSE and NSE on Wednesday, July 2, at 10:00 AM.
07:03:52 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: Listing gains: What to expect
HDB Financial IPO Live Updates: According to data, the latest grey market premium (GMP) for the HDB Financial Services IPO stands at ₹71, indicating a likely listing price of ₹811 per share. This translates to an estimated listing gain of 9.6% over the issue price. The GMP has shown an upward trajectory over the past 19 grey market sessions, ranging from a low of ₹0 to a peak of ₹104.50 — signaling strong bullish sentiment ahead of the stock's debut.
07:03:14 AM IST, 02 Jul 2025
HDB Financial Share Price Live Updates: HDB Financial shares to list on stock exchanges today. Check GMP, listing gain expectation
HDB Financial IPO Live Updates: HDB Financial Services, the non-banking financial arm of HDFC Bank, is set to debut on the stock exchanges on July 2, with grey market trends indicating a potential 9.6% premium over its issue price. The ₹12,500 crore IPO, which included a ₹10,000 crore offer-for-sale, witnessed strong demand, receiving an overall subscription of 16.69 times, led by an overwhelming 55.47 times subscription in the QIB segment.