HDB Financial Services IPO Allotment: HDB Financial Services, a non-banking finance arm of HDFC Bank, launched its much-anticipated IPO this week. The IPO received strong investor interest, being subscribed nearly 17 times. Retail and institutional investors alike are eyeing this issue, which could be one of the biggest non-banking financial services (NBFC) listings in recent years.
The company aims to raise Rs 12,500 crore through a mix of offer for sale (OFS) and fresh issue. The expected price band of Rs 700-740 per share is competitive, considering HDB's strong fundamentals and backing by India's largest private lender.
The listing on the BSE and NSE is set for July 2, 2025.
Also Read | Cabinet Approves Rs 1.07 Lakh Crore Scheme To Enhance Job Creation
What Makes HDB Financial's IPO Special?
- Strong Parentage: Backed by HDFC Bank, one of India's most trusted financial institutions.
- Healthy Financials: HDB has shown consistent growth in its loan book, asset quality, and net profit margins.
- Low NPAs: Gross NPA ratio is among the lowest in the NBFC segment.
- Digital Lending Play: With a shift towards tech-driven lending, HDB is well-positioned for the next fintech wave.
Also Read | India Remains The Fastest-Growing Economy: Morgan Stanley
Why Retail Investors Are Buzzing
Many retail investors are comparing HDB's potential listing to past success stories like SBI Cards or HDFC AMC. Given its wide service reach, brand trust, and stable returns, it's drawing both seasoned investors and first-timers.
"I missed the HDFC Life IPO back then. This time I'm not letting go of HDB," a Reddit user wrote on the r/IndianStockMarket forum.
Others see this as a long-term wealth creation opportunity, especially with the NBFC sector bouncing back after recent regulatory clarity from RBI.
Should You Apply?
- Analysts are optimistic but caution against overvaluation. Here's what to consider:
- Check GMP (Grey Market Premium) trends before investing.
- Look at the company's valuation compared to peers like Bajaj Finance or Muthoot.
- If you're a long-term investor, HDB could offer steady compounding and brand-backed stability.
How to Check Allotment Status
- Once the allotment is announced, investors can check the status via the BSE IPO Allotment portal
- Keep your PAN number and application number handy.
Why This Matters
HDB Financial's IPO isn't just another listing - it's a signal of where India's NBFC sector is headed. With deep roots and digital ambitions, HDB could be a worthy bet for long-term investors. But like all IPOs, research before you leap.
