HDB Financial Services IPO Listing Live Updates: Emkay initiated with 'buy' rating, 22% upside

HDB Financial Services IPO Listing Live Updates: The much-awaited day has finally arrived as one of India's largest non-bank lenders, and the biggest IPO of 2025 so far, HDB Financial Services, is set to make its stock market debut on Wednesday, July 2. The ₹12,500 crore issue closed for subscription last week and it received a healthy response, particularly from institutional investors and the high net worth individuals. Watch this space for all the Live updates.

HDB Financial Services IPO Listing Live Updates: The much-awaited day has finally arrived as one of India's largest non-bank lenders, and the biggest IPO of 2025 so far, HDB Financial Services, is set to make its stock market debut on Wednesday, July 2. The ₹12,500 crore issue closed for subscription last week and it received a healthy response, particularly from institutional investors and the high net worth individuals. The QIB portion received bids for 55 times the shares on offer, while the non-institutional portion was also subscribed 10 times. However, retail investors chose to exercise caution with the portion reserved for them getting bid for only 1.4 times the total shares on offer. Yet, the interest from institutions meant that the overall issue received bids for 16.69 times the total shares on offer, garnering bids worth ₹1.6 lakh crore. The issue comprised of a fresh issue of shares worth ₹2,500 crore and an Offer For Sale (OFS) component from its parent company HDFC Bank, worth ₹10,000 crore. Watch this space for all the live updates.