HDB Financial IPO day 1 Live: GMP, subscription status, price, date to review. Apply or not?

By Admin

25 Jun, 2025

The much-anticipated HDB Financial IPO has finally hit the Indian primary market today, attracting the attention of investors and analysts alike. With strong backing from HDFC Bank and impressive financials, this IPO is among the most awaited in recent years. Here's everything you need to know on Day 1   from the latest GMP (Grey Market Premium) to expert recommendations on whether to subscribe.

🔍 Grey Market Premium (GMP) Today

As of today, HDB Financial shares are trading at a premium of ₹75 in the grey market. This indicates healthy investor interest even before subscriptions started, suggesting possible listing gains if the momentum continues.

📅 Key Dates & Details

• IPO Open Date: 25 June 2025
  
  

• IPO Close Date: 27 June 2025
  
  

• IPO Price Band: ₹700 to ₹740 per equity share
  
  

• Lot Size: 20 shares per lot
  
  

• Issue Size: ₹12,500 crore
  
  

• Fresh Issue: ₹2,500 crore
  
  

• Offer for Sale (OFS): ₹10,000 crore
  
  

• Allotment Date: Likely by 30 June 2025
  
  

• Listing Date: Expected on 2 July 2025
  
  

• Exchanges: BSE and NSE
  
  

• Registrar: MUFG Intime India Private Limited (Link Intime)
  
  

📈 Book-Running Lead Managers

This IPO is being managed by a powerful consortium of financial institutions, including:
BNP Paribas, JM Financial, BofA Securities India, Goldman Sachs India, HSBC Securities, IIFL Capital Services, Jefferies India, Morgan Stanley India, Motilal Oswal Investment Advisors, Nomura India, Nuvama Wealth Management, and UBS Securities India.

🧾 Expert Review: Apply or Not?

Most brokerage firms have responded positively to HDB Financial’s IPO, urging investors to consider subscribing:

• KR Choksey Securities: "SUBSCRIBE" – The IPO is attractively priced at 3.4x TTM P/B against a peer average of 4.4x, considering its growth and strong parentage.
  
  

• Sharekhan: "SUBSCRIBE" – Valuation is fair (3.2x–3.4x FY25 P/B), with a robust return profile, strong macro tailwinds, and long-term potential due to a smaller size compared to Bajaj Finance.
  
  

• Others: Kunvarji Finstock, Aditya Birla Money, Bajaj Broking, Canara Bank Securities, Centrum Wealth, Nirmal Bang, SBI Capital Securities – all have issued a 'subscribe' recommendation.
  
  

📌 Final Thoughts

With a solid price band, strong financial backing, and broad institutional support, the HDB Financial IPO is positioned for success. The ₹75 GMP hints at short-term gains, while long-term investors may benefit from the company’s stable growth trajectory and promising fundamentals.