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New Delhi: Investors who purchased HDB Financial Services shares from the unlisted market have got a shock after the company announced to launch its IPO with a price ranging between Rs 700 and 740 per equity share.

HDB Financial Services IPO is at about 40 percent of the discounted price of the current market price of the shares in the unlisted market. With this price range, the company’s market capitalisation would be around Rs 61400, as per the PTI report.

The shares of HDB Financial Services were trading at around Rs 1250 in the unlisted market. In the unlisted market the price of the HDB Financial Services shares jumped 115 percent between January-September 2024.

Market experts opined that investors should be careful while entering the unlisted market merely on the basis of IPO enthusiasm.

HDB Financial IPO

HDB Financial Services’ public issue will open for subscription on June 25 and conclude on June 27, while the bidding for the anchor investor will open for a day on June 24, the company said in its exchange filing.

The IPO is a combination of a fresh issue of equity shares worth Rs 2,500 crore and an Offer For Sale (OFS) of Rs 10,000 crore by promoter HDFC Bank. At present, HDFC Bank holds a 94.36 percent stake in HDB Financial Services, a non-banking financial company (NBFC) arm of the bank.

Half of the issue size has been reserved for qualified institutional buyers, 35 percent for retail investors, and the remaining 15 percent for non-institutional investors.

Investors can bid for a single lot, which would contain 20 shares. Over a dozen book managers, like JM Financial, BNP Paribas, Goldman Sachs (India) Securities, etc., are managing the company’s IPO. The company is expected to list on the BSE and NSE on July 2, 2025.

(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)