HDB IPO GMP Today: Subscription Status, Price Band & Listing Guide
27 June 2025 · Sachin Gadekar
Know the latest HDB Financial Services Limited IPO GMP, live subscription trends, issue price, lot size, company fundamentals and whether you should invest — only at Ultra.
Introduction
HDB Financial Services Limited, a subsidiary of HDFC Bank, is one of India’s leading non-banking financial companies (NBFCs) with a solid retail and enterprise lending portfolio. Its highly anticipated IPO has finally opened, attracting massive interest from retail and institutional investors alike.
In this detailed guide by Ultra, you’ll get all the latest updates on the HDB IPO GMP, price band, subscription status, lot size, financials, competitive strengths and whether you should consider applying.
About HDB Financial Services Limited
HDB Financial Services Limited was incorporated in 2007 and has grown into one of India’s trusted retail-focused NBFCs. The company offers:
Secured and unsecured loans for MSMEs and salaried customers
Asset finance for new and used vehicles and equipment
Consumer finance for personal and household needs
Business process outsourcing (BPO) services for its promoter, HDFC Bank
Distribution Strength:
HDB has built an extensive pan-India network of 1,771 branches across 1,170 towns and cities, with over 80 percent of branches located beyond the top 20 cities — reaching India’s large underbanked population.
Employee Base:
HDB employs more than 60,000 people as of FY 2025, a jump from around 46,000 in FY 2023 — indicating rapid operational expansion.
HDB Financial IPO: Key Issue Details
| Particulars | Details |
|---|---|
| IPO Size | ₹12,500 crore |
| Fresh Issue | ₹2,500 crore |
| Offer for Sale (OFS) | ₹10,000 crore |
| IPO Open Date | June 25, 2025 |
| IPO Close Date | June 27, 2025 |
| Tentative Allotment | June 30, 2025 |
| Listing Date | July 2, 2025 |
| Issue Price Band | ₹700 – ₹740 per share |
| Lot Size | 20 Shares |
| Retail Minimum Investment | ₹14,800 |
| Listing Exchanges | BSE, NSE |
HDB IPO GMP Today: Latest Grey Market Premium
The HDB IPO GMP (Grey Market Premium) is an early indicator of possible listing gains. As of today, the HDB IPO GMP is hovering around ₹80 to ₹90 per share above the issue price of ₹740. This suggests a potential listing premium of about 10 to 12 percent.
Remember, the GMP is unofficial and can fluctuate daily. Investors should always use it as one of many factors before investing.
HDB IPO Subscription Status
The HDB IPO subscription status has shown strong demand across all categories:
Day 1: Fully subscribed by retail and small HNI segments
Day 2: Oversubscription in QIB and HNI categories
Day 3: Final subscriptions are expected to exceed expectations
Such strong demand often reflects positive sentiment for potential listing gains.
Lot Size & Investment Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 20 | ₹14,800 |
| Retail (Maximum) | 13 | 260 | ₹1,92,400 |
| Small HNI (Minimum) | 14 | 280 | ₹2,07,200 |
| Big HNI (Minimum) | 68 | 1,360 | ₹10,06,400 |
HDB Financial Services Limited: Financial Highlights
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Assets | 70,050 | 92,556 | 1,08,663 |
| Revenue | 12,403 | 14,171 | 16,300 |
| Profit After Tax (PAT) | 1,959 | 2,461 | 2,176 |
| EBITDA | 6,251 | 8,314 | 9,512 |
| Net Worth | 10,436 | 12,803 | 14,937 |
| Total Borrowing | 54,865 | 74,331 | 87,398 |
| Return on Equity (ROE) | - | - | 14.72% |
| Debt/Equity | - | - | 5.85 |
| Price to Book Value | - | - | 3.72 |
Why the HDB IPO is Generating Interest
Key Strengths:
Backed by HDFC Bank, a highly trusted name in India’s financial sector
Strong branch network reaching underserved markets
Diversified loan book with retail focus
Strong underwriting and collection processes
Rapid growth in assets and steady profitability
These factors, along with the current GMP trend, make the HDB IPO attractive for long-term investors and those seeking listing gains.
HDB IPO Important Dates
| Event | Date |
|---|---|
| IPO Open | June 25, 2025 |
| IPO Close | June 27, 2025 |
| Allotment | June 30, 2025 |
| Refund Initiation | July 1, 2025 |
| Credit to Demat | July 1, 2025 |
| Listing Date | July 2, 2025 |
Frequently Asked Questions (FAQs)
Q1. What is HDB IPO GMP today?
The HDB IPO GMP today is estimated at ₹80 to ₹90 per share over the issue price.
Q2. What is the lot size for HDB Financial IPO?
The minimum lot size is 20 shares, amounting to an investment of around ₹14,800 at the cut-off price.
Q3. What is the HDB IPO price band?
The IPO price band is ₹700 to ₹740 per share.
Q4. When will the HDB IPO be listed?
The HDB IPO is expected to list on BSE and NSE on July 2, 2025.
Q5. How do I check the HDB IPO subscription status and GMP live?
You can track live GMP and subscription status updates on IPO Watch, and Ultra’s blog.
Final Thoughts
HDB Financial Services Limited’s IPO is a landmark offering in the NBFC space, driven by HDFC Bank’s strong brand and deep market reach. The robust grey market premium, steady subscription demand and solid fundamentals make it a strong candidate for investors looking for listing gains or a long-term holding.
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