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HDB Financial Services shares debuted on the NSE at Rs 835, a 12.84% premium over the IPO price, exceeding market expectations. The IPO was fully subscribed by the second day and concluded with 16.69 times subscription, indicating strong investor interest. Analysts suggest buying on dips for short-term volatility and holding for long-term growth due to the company's diversified loan portfolio and extensive presence in India.

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12 views1 page

Article 2a

HDB Financial Services shares debuted on the NSE at Rs 835, a 12.84% premium over the IPO price, exceeding market expectations. The IPO was fully subscribed by the second day and concluded with 16.69 times subscription, indicating strong investor interest. Analysts suggest buying on dips for short-term volatility and holding for long-term growth due to the company's diversified loan portfolio and extensive presence in India.

Uploaded by

janhvimehta37
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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HDB Financial Services shares made a strong debut on the National Stock Exchange

(NSE) on Wednesday, July 2, listing at a healthy premium of around 13% over the IPO
price. This performance surpassed grey market expectations, which had projected an
8–10% gain, signaling robust investor interest and positive market sentiment. The
better-than-expected listing is likely to drive significant attention from intraday
trading participants looking to capitalize on early price movements.
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Shares of HDB Financial Services listed at Rs 835 per share on the NSE, a premium
of 12.84 percent over its issue price. The Rs 12,500-crore issue had a price band of Rs
700-740 per share.

On the BSE too, the shares were listed at Rs 835 apiece, a premium of 12.84 percent.
The total market cap of the company post listing of shares stood at Rs 69,268.82 crore.
>>> Get advanced stock market strategy for IPOs.
The IPO of HDB Financial was open for subscription between June 25 and June 27 and
saw full subscription by the second day. The issue concluded 16.69 times subscription,
with strong interest from institutional investors.
HDB Financial shares: Should you buy, sell or hold?
On post-listing strategy, Prashanth Tapse, Research Analyst at Mehta Equities advised
investors who missed the allotment to consider buying on dips if the stock sees short-
term volatility. "HDB Financial is well-placed for a structural credit upcycle in India and is
suitable for investors with a 3-5 year view," he said.
Narendra Solanki, Head Fundamental Research- Investment Services, Anand Rathi
Shares and Stock Brokers, advised that investors may consider holding stock for long-
term post listing.
HDB Financial shares: How should you trade?
The non-banking financial company (NBFC) operates with a diversified loan portfolio,
including enterprise, consumer and asset financing. It has a wide presence across India
with 1,771 branches and more than 60,000 employees.

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