HDB Financial Services Ltd. saw its share price climb over 6% on Thursday, just a day after its debut on the National Stock Exchange and BSE.
The company's shares listed at a premium of nearly 13% above its IPO issue price of Rs 740, opening at Rs 835 on both exchanges on Wednesday.
The company's Rs 12,500-crore initial public offering last week was met with strong investor interest, being subscribed nearly 17 times. This IPO stands out as one of the largest by a non-banking financial company in recent years and the biggest public offering so far in 2025.
The IPO, which commenced on June 25, initially saw its lowest grey market premium at Rs 50.5 per share. However, interest grew steadily, with the highest GMP of Rs 68 recorded on June 30, the day share allotment was finalised.
With this substantial Rs 12,500-crore issue, HDB Financial Services now ranks fifth among India's largest IPOs, following Hyundai Motor India, LIC, Paytm operator One97 Communications, and Coal India.
HDB Financial Share Price Today
The scrip rose as much as 6.06% to Rs 891.90 apiece. It pared gains to trade 4.50% higher at Rs 878.80 apiece, as of 10:00 a.m. This compares to a 0.30% advance in the NSE Nifty 50. It has risen 3.89% since its listing.
The only analyst tracking the company maintains a 'buy' rating on the stock, according to Bloomberg data. The price target implies an upside of 2.8%.
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