Mumbai, July 2, 2025: Shares of HDFC Bank subsidiary HDB Financial Services Ltd (HDB) made their market debut on Wednesday, listing at a modest 1% premium over its IPO price of ₹740 per share on the BSE and NSE.
The ₹12,500 crore IPO, one of the largest in recent years, witnessed robust investor appetite, closing 16.69 times subscribed last Friday. Strong institutional participation was a key driver, with the company securing ₹3,369 crore from anchor investors prior to the public offering.
HDFC Bank's Managing Director and CEO, Sashidhar Jagdishan, hailed the listing as a "historic" day for the promoted NBFC. Speaking ahead of the debut, Jagdishan termed the IPO a "complex" transaction that provides HDB with "independent capital and visibility" to accelerate its growth.
"We will continue to support HDB as it navigates the opportunities and challenges of the public market," Jagdishan affirmed. He emphasized HDB's "strong fundamentals" and its positioning to capitalize on the "large runway" offered by underserved credit segments in India.
The company intends to utilize the net proceeds from the fresh issue primarily to strengthen its Tier-I capital base. This capital infusion is earmarked to support future lending requirements and fuel business growth. The listing performance and HDFC Bank's continued backing will be closely watched as HDB navigates the public markets.
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