Here are the Day 1 listion status about HDB Financial Services day 1 GMP, subscription status, price, date to review 25/06/2025.

🚀 Is HDB Financial Services IPO Worth It? Day‑1 GMP, Subscription, Key Facts & Analysis
1. 📅 IPO at a Glance
| Feature | Details |
|---|---|
| IPO Period | Opens June 25, 2025, closes June 27, 2025 (livemint.com) |
| Price Band | ₹700 – ₹740 per share |
| Lot Size | 20 shares per lot |
| Total Issue Size | ₹12,500 crore (₹2,500 cr fresh + ₹10,000 cr OFS) |
| Listing Date (Tentative) | July 2, 2025 |
2. 🏦 Company Snapshot
HDFC Bank’s NBFC arm, HDB Financial Services, ranks as the 7th largest retail-focused NBFC in India.
As of March 31, 2025:
- Gross loan book: ₹1,068.8 billion (CAGR ~23.5% since March 2023) (livemint.com)
- AUM: ₹1,072.6 billion (CAGR ~23.7%) (livemint.com)
- Profit after tax: ₹21.8 billion (~5.4% CAGR) (livemint.com)
Business Segments: Consumer, Asset & Enterprise finance — supported by a widespread omni-channel presence .
3. 💹 Grey Market Premium (GMP) + Listing Estimate
- Day 1 GMP: Around ₹75–₹83, indicating strong investor appetite (livemint.com)
- Estimated Listing Price: ₹813–₹823 (≈10–11% gain) based on GMP + ₫740 cap (livemint.com)
Note: GMP reflects secondary-market sentiment and isn’t guaranteed.
4. 📈 Day‑1 Subscription Status (as of ~11 AM, June 25)
| Category | Subscription |
|---|---|
| Overall | 0.10× |
| Retail | 0.10× |
| NII | 0.14× |
| QIB | TBD (50% allocation) |
→ Very light day‑1 bidding—lots of room to go.
5. 🗓️ Timeline Snapshot
Here’s your timeline transformed into a clean, easy-to-scan table format:
| Date | Event |
|---|---|
| June 20 | Price band finalized (₹700–740) |
| June 24 | Anchor investors subscribed ₹3,369 crore |
| June 25–27 | Public issue open |
| June 30 | Allotment expected |
| July 1 | Refunds & demat credits |
| July 2 | Listing on BSE/NSE |
6. ✅ Should You Apply?
Brokerage View: “SUBSCRIBE”
- KR Choksey: IPO priced at 3.4× TTM P/B vs peer avg 4.4×; growth & parentage make it attractive (livemint.com)
- Sharekhan: Valued at 3.2–3.4× P/B vs peers; sees long growth runway & healthy listing gains (livemint.com)
- Additional ‘subscribe’ ratings from Aditya Birla Money, SBI Cap Securities, etc. (livemint.com)
7. 📊 Quick Pros & Cons
| 👍 Pros | 👎 Cons |
|---|---|
| Backed by HDFC Bank (94.3% stake) | Day‑1 subscription muted |
| High growth in loans, AUM, profits | NBFC sector sensitivity to rates |
| Strong grey-market premium (~10%+) | Large OFS component (~₹10,000 cr) |
| Attractive valuations vs sector peers | General market volatility |
8. 📌 Final Take
- For investors seeking a listing pop: GMP suggests 10–11% upside.
- For long-term value: Strong parentage, diversified portfolio, solid balance sheet and relatively fair valuation (3.2–3.4× P/B).
- Key caveats: Waiting to see how sub ₹1× on day‑1 evolves through the issue window—and macro/NBFC trends.
🔍 Summary Snapshot HDB Financial Services day 1
- IPO Window: June 25–27
- Price Band: ₹700–740
- GMP Range: ₹75–83 → Est. Listing ₹820
- Initial Subscription: Low (0.1× only)
- Broker Verdict: Subscribe—strong growth, fair valuation
- Risks: NBFC sector, macro swings, public demand uncertainty
🚦Action Tips
- Retail traders? Apply at cutoff to catch potential listing gain.
- Long-term oriented? Consider solid fundamentals and parent support.
- Risk cautious? Monitor day‑2 sub rates and broader NBFC sentiment before applying.
Follow this space for more IPO updates & actionable analysis!
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