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HDB Financial fixes IPO price band at ₹700-740, 35% discount to GMP
The New Indian Express Tirupati
|June 21, 2025
HDB Financial Services, the retail-focused non-banking lender promoted by HDFC Bank, on Friday fixed price band at ₹700-740 per share—nearly 35% discount to the prevailing grey market price (GMP). The ₹12,500 crore initial public offering (IPO) will be opening next Wednesday.
At the upper-end of the price band, the company will be valued at $7.5 billion, while the grey market valuation is $10.5 billion. The mega issue, which is the largest from the NBFC space, comprises ₹2,500 crore of fresh issue of shares of ₹10 face value and ₹10,000 crore in offer for sale by parent HDFC Bank, currently owns 94.3% of the compa
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