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HDB Financial IPO Pricing Not Influenced by 70% Premium in Grey Market
Hindustan Times Jammu
|June 21, 2025
The initial public offering of India's HDB Financial has been priced based on the fundamentals of the business, unaffected by the roughly 70% premium the stock is trading at in the informal 'grey market' for unlisted securities, bankers said on Friday.
MUMBAI:
Shares in the lender will be sold in a price band of ₹700 to ₹740 per share ($8.06-$8.52), valuing HDB Financial at $7.1 billion at the upper end of the band. The shares were traded around ₹1,200 to ₹1,250 in the 'grey market'.
"This price has been determined basis extensive roadshows," said Jibi Jacob, head of equity capital markets at Jefferies India, one of the bankers to the issue.
This story is from the June 21, 2025 edition of Hindustan Times Jammu.
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