HDB Financial Services shares close 14% higher than IPO price; valued at Rs 69,758 crore post-debut day

HDB Financial Services share price

HDFC Bank-promoted retail-focused non-banking finance company HDB Financial Services shares recorded healthy gains on market debut day, closing nearly 14 percent higher on July 2 despite subdued equity market conditions.

The stock opened at Rs 835 apiece on the BSE, marking a premium of 12.8 percent over the offer price of Rs 740 apiece. It touched an intraday high of Rs 850.45 apiece and low of Rs 827.50 apiece. It then closed at Rs 840.90, rising 13.64 percent, on its debut day

HDB Financial Services closed the day with a market capitalisation of Rs 69,758.3 crore. On the NSE, the stock finished at Rs 840.25, up 13.55 percent. It traded with volume of 8.1 crore equity shares on the NSE, and 78.4 lakh shares on the BSE.

The Rs 12,500-crore initial public offering of HDB Financial Services had received strong response from investors, who subscribed the public issue 16.69 times during June 24-27. The IPO comprised of fresh issue of shares worth Rs 2,500 crore, and an offer-for-sale of Rs 10,000 crore shares by HDFC Bank.

The NBFC is set to utilise the fresh issue proceeds for augmentation of its Tier – I capital base to meet future capital requirements, including onward lending under any of the business verticals (i.e. enterprise lending, asset finance and consumer finance).

HDB Financial is the seventh largest retail-focused NBFC in India. Its total gross loans stood at Rs 1,06,880 crore as of March 2025, growing at a CAGR of 23.54 percent during FY23-FY25. Its assets under management was reported at Rs 1,07,260 crore in FY25, increasing at a CAGR of 23.71 percent during FY23-FY25.

In the same period, the company recorded profit at Rs 2,180 crore, growing at a CAGR of 5.38 percent.

Promoter HDFC Bank holds 74.19 percent shareholding in HDB Financial Services.