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Economic Times
2 days ago
- Business
- Economic Times
HDB Financial IPO GMP signals 11% listing pop. Check price band, issue details, more
HDB Financial Services' ₹12,500 crore IPO is attracting significant interest in the grey market. Synopsis HDB Financial IPO: Strong grey market activity signals high investor interest ahead of the eagerly awaited IPO of the HDFC Bank-backed non-banking financial company. Over the past eight sessions, the Grey Market Premium (GMP) has been on an upward trend, with Friday's GMP continuing to rise. HDB Financial Services' Rs 12,500 crore initial public offering is drawing strong interest in the unofficial market, with the grey market premium (GMP) rising to Rs 83 on Friday morning, suggesting an estimated listing price of Rs 823, a gain of over 11% from the upper end of the price band. ADVERTISEMENT The robust grey market activity reflects investor enthusiasm ahead of the much-anticipated public debut of the HDFC Bank-backed non-banking finance company. Based on the last 8 sessions' grey market activities, the GMP on Friday is trending upward. Although the highest GMP so far has touched Rs 104.50. The IPO is priced in the range of Rs 700 to Rs 740 per share. Investors can bid in lots of 20 shares, with the minimum investment for retail applicants set at Rs 14,000. To improve chances in the event of oversubscription, investors are advised to apply at the cut-off price, which takes the minimum investment to approximately Rs 14,800. For non-institutional investors, the minimum application size for small non-institutional investors is 14 lots (280 shares), amounting to Rs 2,07,200, and for big non-institutional investors, it is 68 lots (1,360 shares), amounting to Rs 10,06, Financial Services' IPO will open for subscription on June 25 and close on June 27. The listing, tentatively scheduled for July 2 on both BSE and NSE, will mark the largest public offering so far in 2025 and the biggest since Hyundai Motor India's Rs 27,000 crore issue last year. ADVERTISEMENT The offering comprises a Rs 10,000 crore offer for sale (OFS) by parent HDFC Bank and a fresh issue of Rs 2,500 crore. HDFC Bank currently holds a 94.6% stake in the company and is expected to significantly reduce its shareholding post-listing, in line with regulatory and capital optimisation IPO structure includes reserved quotas for HDFC Bank shareholders and employees. ADVERTISEMENT A consortium of global and domestic investment banks, including BofA Securities India, Goldman Sachs (India), Morgan Stanley India, JM Financial, and Motilal Oswal, are acting as book-running lead managers for the issue. MUFG Intime India (Link Intime) is the Financial is a major NBFC player focused on retail and small business borrowers across India. Its product portfolio includes personal loans, gold loans, vehicle loans, and loans against property, with a strong footprint in semi-urban and rural areas. ADVERTISEMENT The IPO comes at a time of buoyant investor sentiment. The Nifty 50 has rebounded from March lows, and liquidity remains ample after the Reserve Bank of India's recent policy stance. Analysts say the listing will be closely watched due to the HDFC Group's brand strength, the scale of the issue, and the long-term potential of the business. Proceeds from the fresh equity portion will be used to augment capital adequacy and support future lending growth. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
2 days ago
- Business
- Economic Times
HDB Financial IPO GMP signals 11% listing pop as Rs 12,500 crore offer nears launch
HDB Financial IPO: Strong grey market activity signals high investor interest ahead of the eagerly awaited IPO of the HDFC Bank-backed non-banking financial company. Over the past eight sessions, the Grey Market Premium (GMP) has been on an upward trend, with Friday's GMP continuing to rise. Tired of too many ads? Remove Ads Price Band Tired of too many ads? Remove Ads Retail and institutional appetite HDB Financial Services' Rs 12,500 crore initial public offering is drawing strong interest in the unofficial market, with the grey market premium (GMP) rising to Rs 83 on Friday morning, suggesting an estimated listing price of Rs 823, a gain of over 11% from the upper end of the price robust grey market activity reflects investor enthusiasm ahead of the much-anticipated public debut of the HDFC Bank-backed non-banking finance company. Based on the last 8 sessions' grey market activities, the GMP on Friday is trending upward. Although the highest GMP so far has touched Rs IPO is priced in the range of Rs 700 to Rs 740 per share. Investors can bid in lots of 20 shares, with the minimum investment for retail applicants set at Rs 14,000. To improve chances in the event of oversubscription, investors are advised to apply at the cut-off price, which takes the minimum investment to approximately Rs 14, non-institutional investors, the minimum application size for small non-institutional investors is 14 lots (280 shares), amounting to Rs 2,07,200, and for big non-institutional investors, it is 68 lots (1,360 shares), amounting to Rs 10,06, Financial Services' IPO will open for subscription on June 25 and close on June 27. The listing, tentatively scheduled for July 2 on both BSE and NSE, will mark the largest public offering so far in 2025 and the biggest since Hyundai Motor India's Rs 27,000 crore issue last offering comprises a Rs 10,000 crore offer for sale (OFS) by parent HDFC Bank and a fresh issue of Rs 2,500 crore. HDFC Bank currently holds a 94.6% stake in the company and is expected to significantly reduce its shareholding post-listing, in line with regulatory and capital optimisation IPO structure includes reserved quotas for HDFC Bank shareholders and employees.A consortium of global and domestic investment banks, including BofA Securities India, Goldman Sachs (India), Morgan Stanley India, JM Financial , and Motilal Oswal, are acting as book-running lead managers for the issue. MUFG Intime India (Link Intime) is the Financial is a major NBFC player focused on retail and small business borrowers across India. Its product portfolio includes personal loans, gold loans, vehicle loans, and loans against property, with a strong footprint in semi-urban and rural IPO comes at a time of buoyant investor sentiment. The Nifty 50 has rebounded from March lows, and liquidity remains ample after the Reserve Bank of India's recent policy stance. Analysts say the listing will be closely watched due to the HDFC Group's brand strength, the scale of the issue, and the long-term potential of the from the fresh equity portion will be used to augment capital adequacy and support future lending growth.
Time of India
2 days ago
- Business
- Time of India
HDB Financial IPO GMP signals 11% listing pop as Rs 12,500 crore offer nears launch
HDB Financial Services' Rs 12,500 crore initial public offering is drawing strong interest in the unofficial market, with the grey market premium (GMP) rising to Rs 83 on Friday morning, suggesting an estimated listing price of Rs 823, a gain of over 11% from the upper end of the price band. The robust grey market activity reflects investor enthusiasm ahead of the much-anticipated public debut of the HDFC Bank-backed non-banking finance company. Based on the last 8 sessions' grey market activities, the GMP on Friday is trending upward. Although the highest GMP so far has touched Rs 104.50. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Shoes Sold Out 3x in a Row for a Reason wellnesstodayonline Undo Price Band Ads By Google Ad will close in 28 Skip ad in 3 Skip Ad The IPO is priced in the range of Rs 700 to Rs 740 per share. Investors can bid in lots of 20 shares, with the minimum investment for retail applicants set at Rs 14,000. To improve chances in the event of oversubscription, investors are advised to apply at the cut-off price, which takes the minimum investment to approximately Rs 14,800. For non-institutional investors, the minimum application size for small non-institutional investors is 14 lots (280 shares), amounting to Rs 2,07,200, and for big non-institutional investors, it is 68 lots (1,360 shares), amounting to Rs 10,06,400. Live Events HDB Financial Services' IPO will open for subscription on June 25 and close on June 27. The listing, tentatively scheduled for July 2 on both BSE and NSE, will mark the largest public offering so far in 2025 and the biggest since Hyundai Motor India's Rs 27,000 crore issue last year. The offering comprises a Rs 10,000 crore offer for sale (OFS) by parent HDFC Bank and a fresh issue of Rs 2,500 crore. HDFC Bank currently holds a 94.6% stake in the company and is expected to significantly reduce its shareholding post-listing, in line with regulatory and capital optimisation goals. Retail and institutional appetite The IPO structure includes reserved quotas for HDFC Bank shareholders and employees. A consortium of global and domestic investment banks, including BofA Securities India, Goldman Sachs (India), Morgan Stanley India, JM Financial , and Motilal Oswal, are acting as book-running lead managers for the issue. MUFG Intime India (Link Intime) is the registrar. HDB Financial is a major NBFC player focused on retail and small business borrowers across India. Its product portfolio includes personal loans, gold loans, vehicle loans, and loans against property, with a strong footprint in semi-urban and rural areas. The IPO comes at a time of buoyant investor sentiment. The Nifty 50 has rebounded from March lows, and liquidity remains ample after the Reserve Bank of India's recent policy stance. Analysts say the listing will be closely watched due to the HDFC Group's brand strength, the scale of the issue, and the long-term potential of the business. Proceeds from the fresh equity portion will be used to augment capital adequacy and support future lending growth.
