
HDB Financial Share Price Live Updates: HDB Financial shares to debut on bourses today. Check GMP, listing gain expectation, other details
HDB Financial Services Share Price Live: HDB Financial Services, the non-banking finance subsidiary of HDFC Bank, will make its stock market debut on July 2. Grey market indicators suggest a likely listing at a 9.6% premium to the issue price. 1. HDB Financial Services Share Listing Date and Time-HDB Financial Services' IPO is scheduled to list on both the BSE and NSE on Wednesday, July 2, at 10:00 AM.2. HDB Financial Services Grey Market Premium (GMP) and Expected Listing Price-Based on the current grey market premium (GMP), HDB Financial Services shares are expected to list at around ₹811, reflecting a 9.6% premium over the IPO price of ₹740.3. Expert Reviews on HDB Financial Services IPO- Institutional investors recognize HDB's structural advantage as a diversified, RBI upper-layer NBFC with HDFC Bank's distribution muscle,' said Tarun Singh, MD and Founder of Highbrow Securities. 'The 55x QIB bid reflects confidence in its 'phygital' presence across Tier 2–4 cities and a 23% loan book CAGR, whereas retail caution mirrors the post-LIC and Paytm skepticism toward large issuances. HDB Financial Services Share Listing Live: HDB Financial Services, the non-banking financial subsidiary of HDFC Bank, is scheduled to debut on the stock exchanges on Wednesday, July 2. Given the prevailing grey market premium (GMP), HDB Financial Services shares are likely to list around ₹811, implying a 9.6% gain over the IPO price of ₹740. Show more
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Business Standard
43 minutes ago
- Business Standard
Indian shares dip as financials drag; HDB Financial surges 13.6% on debut
HDB Financial Services debuted at a premium of about 13 per cent to its issue price and closed its maiden session 13.6 per cent higher "Investors aren't buying into Trump's sound bites anymore. Indecision will prevail in markets until there's a deal signed, sealed, and delivered," said Sanjeev Hota, vice president and head of research of wealth management at Mirae Asset Sharekhan. | Credit: X Reuters By Bharath Rajeswaran and Vivek Kumar M Indian shares edged lower on Wednesday as financials retreated from recent highs, overshadowing optimism over a potential India-US trade deal, while HDB Financial Services, the year's largest IPO, surged on debut. The Nifty 50 fell 0.35 per cent to 25,453.40 and the Sensex slipped 0.34 per cent to 83,409.69. President Donald Trump said on Tuesday the US was close to finalising a trade agreement with India, which could help the country avoid a 26 per cent reciprocal tariff announced in April and paused until July 9. "Investors aren't buying into Trump's sound bites anymore. Indecision will prevail in markets until there's a deal signed, sealed, and delivered," said Sanjeev Hota, vice president and head of research of wealth management at Mirae Asset Sharekhan. "Besides, if the US fumbles on broader trade negotiations with other key trading partners, it could ripple through inflation, rates, and global risk sentiment," Hota added. Nine of the 13 major sectors declined, with index heavyweights HDFC Bank and Reliance Industries losing 1.3 per cent and 0.6 per cent, respectively. HDB Financial Services debuted at a premium of about 13 per cent to its issue price and closed its maiden session 13.6 per cent higher. The broader mid- and small-caps fell 0.4 per cent and 0.1 per cent, respectively. High-weight financials fell 1 per cent, retreating for a third straight session from record highs hit on Friday, while banks dropped 0.8 per cent. Private lender IndusInd Bank and credit card services provider SBI Card fell 2.4 per cent and 2 per cent, respectively, after Goldman Sachs' downgrades. Realty index dipped 1.4 per cent, taking its losses over the last five sessions to about 5 per cent. Consumer companies Colgate Palmolive India and Dabur rose following an NDTV report that the government may scrap the 12 per cent GST slab and reclassify items like toothpaste into the lower 5 per cent bracket. Meanwhile, cigarette makers ITC and Godfrey Phillips declined on concerns that luxury and sin goods could face higher GST rates under the proposed restructuring. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Time of India
an hour ago
- Time of India
Sensex sheds 288 pts, Nifty below 25,500 as financials drag despite U.S.-India trade deal hopes
Indian benchmark indices Sensex and Nifty ended lower on Wednesday, as a pullback in financial stocks from near-record highs outweighed optimism fueled by U.S. President Donald Trump's remarks hinting at a potential trade deal between the U.S. and India. The BSE Sensex declined 287.60 points, or 0.34%, to close at 83,409.69, while the NSE Nifty shed 88.40 points, or 0.35%, to settle at 25,453.40. Among the 30 stocks on the Sensex, Bajaj Finance , L&T, HDFC Bank , Bharat Electronics Ltd , and Kotak Mahindra Bank were the top laggards, falling between 0.9% and 2.1%. Financial services stocks were the biggest drag on the benchmarks, with the Nifty Financial Services index slipping 1% on the day. Index heavyweight HDFC Bank lost 1.3%, weighing heavily on sentiment. In contrast, metal stocks rallied sharply, with the Nifty Metal index rising 1.4%, buoyed by a global rebound in steel futures amid signs of recovery in China's manufacturing sector and stronger demand from Western economies. Tata Steel led the charge, jumping 3.7%, followed by a 3% gain in Welspun Corp . NALCO rose 1.1%, Hindalco added 0.6%, and Vedanta advanced 0.8%. Broader markets also ended in the red, with the Nifty Smallcap 100 down 0.4% and the Nifty Midcap 100 lower by 0.1%. On the geopolitical front, U.S. President Donald Trump said Tuesday that a trade deal with India could soon be reached, potentially allowing the country to sidestep the 26% retaliatory tariff he announced on April 2, which has been suspended until July 9. U.S. Treasury Secretary Scott Bessent echoed the sentiment, saying both sides are close to finalising an agreement that would avert the tariff hike. Meanwhile, HDB Financial Services made its debut on the National Stock Exchange at Rs 835 per share, listing at a 12.8% premium over its issue price of Rs 740.
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Business Standard
an hour ago
- Business Standard
Sensex, Nifty trade lower as investors eye Trump's July 9 tariff deadline
The Indian stock market continued to trade in red as investors chose to book profit ahead of the looming deadline to impose US President Donald Trump's tariffs, effective July 9. Further, concerns around high valuations are keeping upward momentum in check. At 12:50 PM, the BSE Sensex was trading at day's low level of 83,438, down by 259 points or 0.31 per cent. The Nifty50 index followed suit and was trading below the psychological 25,500 level mark. Last checked, the index was at 25,476 level, lower by 65 points or 0.26 per cent. From the Sensex pack, Tata Steel, UltraTech Cement, Bharti Airtel, NTPC, Tata Motors and Trent were among the top gainers, rising up to 3 per cent. On the other hand, Bajaj Finserv, Bajaj Finance, Bharat Electronics (BEL), L&T, HDFC Bank, and Reliance Industries were among the top laggards. The pain was visible even in the broader markets. The Nifty MidCap 100 was quoting 59,676-mark, weaker by 0.12 per cent. Similarly, the Nifty SmallCap index was edging lower by 0.34 per cent. "There are no indications yet of a strong rebound in earnings. The GST collections data for June indicates sluggish growth. Auto sales numbers for June also indicate subdued sales. In brief, there is no room for the market to sustain the upward momentum given the high valuations," said VK Vijayakumar, chief investment strategist, Geojit Investments. Sector Check Sectorally, investors took cover under metal counters with the Nifty Metal index ruling as the best-performing index on the National Stock Exchange (NSE). It was trading 1.3 per cent at the time of writing this report with Welspun Corp, Tata Steel, JSW Steel, Jaindal Steel, SAIL, National Aluminium Corporation (Nalco), and Hindalco rising in the range of 1 per cent to 3 per cent. READ MORE That apart, the Nifty Auto, the Nifty Pharma, and the Nifty IT were some of the other indices in the green, rising up to 0.3 per cent. Within the pack, IT stocks witnessed gains during the session after US Federal Reserve Chair, Jerome Powell, said on Tuesday that a solid majority of (Fed officials) do expect that it will become appropriate later this year to begin to reduce rates again. Meanwhile, the Nifty Realty and the Nifty Bank indices were among the worst performing industry indices, witnessing a decline of 1.37 per cent and 0.61 per cent, respectively. Notably, the Nifty Bank index hit a record high of 57,628.40 earlier in the day. D-street's fear gauge, India VIX, was trading flat around 12.56, signalling muted investor sentiment. In the last 5 trading sessions, the volatility index has witnessed a sharp drop of 4.23 per cent. HDB Financial, Sambhv Steel debut HDB Financial Services shares debuted on Dalal Street today, yielding a 13-per cent listing gain to investors. As against the issue price of ₹740 per share, HDB Financial shares listed at ₹835 per share on the BSE and the National Stock Exchange (NSE). "Given the healthy listing prevailing bullish sentiment in the market, we recommend holding the stock for the long term as HDB Financial Services is strategically positioned to benefit from India's structural credit growth, especially within the retail and SME financing segments. Those, who did not receive any allotment, may consider accumulating on any post-listing corrections, particularly during short-term volatility triggered by broader market movements," suggested Prashanth Tapse, senior VP (Research), Mehta Equities. That apart, Sambhv Steel Tubes debuted at ₹110 per share on the National Stock Exchange (NSE), reflecting a premium of ₹28 or 34.15 per cent above the issue price of ₹82 per share.