HDB Financial Services IPO
NBFC/Lending - Listed on 02 July 2025
HDB Financial Services IPO listing summary
HDB Financial Services (NBFC/Lending) closed its IPO window in 2025 and listed on NSE and BSE on 02 July 2025 at an upper band issue price of Rs 740, opening at Rs 835 for a listing gain of +12.8% and closing day one at Rs 840.95 (+13.6% on closing basis). The IPO was subscribed 16.69x overall - QIB 55.47x, HNI/NII 9.99x, Retail 1.41x. The total issue size was Rs 12,500 Cr (Fresh Issue Rs 2500 Cr, OFS Rs 10000 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
HDB Financial Services IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 50 | +6.76% |
| Day 2 | Rs 70 | +9.46% |
| Day 3 | Rs 75 | +10.14% |
| Day 4 | Rs 75 | +10.14% |
| Day 5 | Rs 55 | +7.43% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the HDB Financial Services IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
HDB Financial Services IPO - FAQs
What was the listing gain of HDB Financial Services IPO?
HDB Financial Services IPO listed at +12.8% versus the upper issue price of Rs 740 on 02 July 2025.
How many times was HDB Financial Services IPO subscribed?
HDB Financial Services IPO was subscribed 16.69x overall. QIB portion was subscribed 55.47x, HNI / NII 9.99x and Retail 1.41x.
What was the IPO GMP for HDB Financial Services?
IPO GMP started at Rs 50 on Day 1 and moved to Rs 55 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.