
Financial Services · NSE / BSE
Incorporated in 2007, HDB Financial Services Limited is a non-banking financial company that focuses mainly on retail lending. It offers a variety of loan products through three main areas: enterprise lending, asset finance, and consumer finance. The company also provides business process outsourcing services like back-office support, collections, and sales assistance, primarily for its parent company. Additionally, it offers fee-based services such as distributing insurance products to its loan customers. HDB uses a mix of physical branches and digital platforms to reach customers. This “phygital” model includes a wide branch network, in-house tele-calling teams, and a range of external agents and partners. As of September 30, 2024, the company had 1,772 branches spread across 1,162 towns in 31 states and union territories across India. Notably, more than 80% of these branches are located outside the top 20 cities. The branch network is further supported by partnerships with over 80 brands and equipment makers, along with a distribution network that includes more than 140,000 retailers and dealers as of the same date
Price Band
₹700 – ₹740
Issue Size
₹12500 Cr
Lot Size
20 shares
GMP
+10.1%
Est. Listing
₹815
at current GMP
Subscribed
17.64x
overall
Open
25 Jun 2025
Close
27 Jun 2025
Allotment
30 Jun 2025
Refund
1 Jul 2025
Demat Credit
2 Jul 2025
Listing
2 Jul 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹740
Band: ₹700 – ₹740
Estimated Listing Price
₹815
Upper price + GMP
Lot Size
20 shares
Min investment ₹14,800
Estimated Profit / Lot
₹1,500
20 × ₹75
Grey Market Premium trend
+₹75
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹75 | 10.1% | ₹815 |
| 30 Oct 2026 | +₹75 | 10.1% | ₹815 |
| 29 Oct 2026 | +₹68 | 9.1% | ₹808 |
GMP is unofficial market data. Not a guarantee of listing performance.
HDB Financial Services Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹12,500 Crores. The shares are offered at a price band of ₹700 to ₹740 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 20 shares (approx. ₹14,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-07-02, while un-allotted funds or UPI block mandates will be released on 2025-07-01.
The latest grey market premium for HDB Financial Services Limited IPO is ₹75, which indicates an expected listing price of ₹815.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.