HDB Financial Share Price Surges Over 4.5% Post-Market Debut; HDFC Bank Offloads ₹9,814 Cr Worth Shares

Market Performance

HDB Financial Services made a strong impression in the market following its initial public offering (IPO). On July 3, the stock jumped 4.58%, trading at ₹879.45 by 9:40 AM.

• Listing Date: July 2, 2025
• Opening Price (BSE): ₹835
• Highest Price of the Day: ₹850.45
• Closing Price (Day 1): ₹840.90
• Listing Premium: ~14% over the issue price
• Market Capitalisation: ₹73,000 Crore (approx.)

Main News

A day after its impressive debut, HDB Financial's share price extended its rally, reflecting continued investor interest.

HDB Financial Services, a subsidiary of HDFC Bank, marked one of the most highly anticipated listings in India's NBFC sector this year.

On July 2, HDFC Bank confirmed the successful sale of 13.51 Crore equity shares of HDB Financial Services, amounting to ₹9,814 Crore.

As per the regulatory filing:

• Shares Sold: 13,51,35,135
• Face Value per Share: ₹10
• Post-Sale Holding of HDFC Bank: 74.19%

Company Details

HDB Financial Services operates as a non-banking financial company that offers a comprehensive suite of financial services, including:

• Enterprise Lending
• Asset Finance
• Consumer Finance

It operates as a key arm of HDFC Bank, focusing on retail and small business segments. Despite going public, HDFC Bank has reiterated its commitment to continuing to support its subsidiary.

IPO Snapshot

The ₹ 12,500 Crore IPO of HDB Financial Services stood out as a significant event in recent years.

Key Details:

• Issue Size: ₹12,500 Crore
• Price Band: ₹700–₹740 per share
• Final Listing Price: ₹835 (BSE)
• Peak Intraday Price: ₹850.45
• Closing Day Subscription: 16.69 times
• IPO Components:
  • Fresh Issue: ₹2,500 Crore
  • Offer-for-Sale (OFS) by HDFC Bank: ₹10,000 Crore

The IPO ranks as the second-largest in the past three years, next only to Hyundai's ₹ 27,000 Crore issue.

Summary of the Article

• HDB Financial's share price rose over 4.5% on July 3, following a strong market debut.
• HDFC Bank offloaded 13.51 Crore shares, worth ₹9,814 Crore, reducing its stake to 74.19%.
• The IPO saw robust investor participation with a 16.69 times subscription.
• The new issue aims to strengthen Tier 1 capital, supporting future lending and growth.
• HDB Financial's listing marks a milestone as the second-largest IPO in India in the last three years.