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HDB Financial Services IPO Soars on Stock Market

04 Jul, 2025

HDB Financial Services, a part of HDFC Bank, saw its shares surge over 4.5% on July 3 after being listed on the stock exchanges. The shares opened at Rs 835, climbing to Rs 840.90 by the end of the day. HDFC Bank sold 13.51 crore shares in the IPO, retaining a 74.19% stake. The IPO was a hit, getting subscribed 16.69 times, and raised Rs 12,500 crore. Proceeds will enhance the company’s capital base, supporting future growth. This marks one of the largest IPOs in recent years, showcasing strong investor interest.

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