Synopsis : HDB Financial Services, backed by HDFC Bank, is launching India’s largest NBFC IPO on June 25 with an issue size of Rs 12,500 crore. With a price band of Rs 700–740, investors are keenly eyeing this mega offering, which combines fresh issuance and a significant offer for sale.
India is witnessing the launch of its biggest NBFC IPO to date, as HDB Financial Services gears up to hit the primary market on June 25, 2025. Backed by HDFC Bank, this much-anticipated IPO is set to raise a massive Rs 12,500 crore, comprising a fresh issue of Rs 2,500 crore and an offer for sale worth Rs 10,000 crore.
Key Details at a Glance:
IPO Open Date: June 25, 2025
IPO Close Date: June 27, 2025
Allotment Finalisation: June 30, 2025
Tentative Listing Date: July 2, 2025
Stock Exchanges: BSE and NSE
Price Band: Rs 700 – Rs 740 per equity share
Minimum Lot Size for Retail Investors: 20 shares (Rs 14,000)
Minimum Investment for Small NIIs: 280 shares (Rs 2.07 lakh)
Minimum Investment for Big NIIs: 1,360 shares (Rs 10.06 lakh)
Grey Market Buzz:
The IPO is already generating excitement in the grey market. Shares of HDB Financial are commanding a premium of Rs 47.5, hinting at a potential listing price of Rs 787.5, which reflects a 6.42% upside over the upper band. However, this is speculative and could change depending on market conditions.
Who’s Backing the IPO:
This IPO is being managed by a formidable roster of 12 top investment banks, including:
BNP Paribas
JM Financial
BofA Securities India
Goldman Sachs (India) Securities
HSBC Securities & Capital Markets
IIFL Capital Services
Jefferies India
Morgan Stanley India
Motilal Oswal Investment Advisors
Nomura Financial Advisory
Nuvama Wealth Management
UBS Securities India
The registrar for the IPO is MUFG Intime India (formerly Link Intime).
Should You Invest?
Given the pedigree of HDB Financial and its backing by HDFC Bank, investor interest is expected to be high. With its presence in the ever-expanding NBFC sector and promising fundamentals, the IPO may offer strong listing gains and long-term growth potential. However, as with all investments, one must consider individual risk profiles and consult financial advisors.
Disclaimer : This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult with a licensed financial advisor before making investment decisions.
