By CNBCTV18.COM | Jul 2, 2025 3:42 PM IST (Updated)
HDB Financial Services Share Price Highlights: India’s largest IPO of 2025, HDB Financial Services, made its stock market debut on Wednesday, July 2, at a 13% premium in comparison to its IPO price of ₹740 per share. The stock ended its trading debut with gains of a similar quantum as well.
HDB Financial Services Share Price Highlights: India’s largest IPO of 2025, HDB Financial Services, made its stock market debut on Wednesday, July 2, at a 13% premium in comparison to its IPO price of ₹740 per share. The stock ended its trading debut with gains of a similar quantum as well. The listing price of ₹835 gives it a one-year forward price-to-book multiple of 3.4 times, which is lower than its peers like Bajaj Finance and Chola Investment, but higher than the other Nifty 50 constituent Shriram Finance, which trades at 2x price-to-book on a one-year forward basis. On the day of its listing, brokerage firm Emkay has initiated coverage on the stock with a “buy” rating and a price target of ₹900 per share, implying a potential upside of 22% from the IPO price. It said that it expects HDB’s Assets Under Management (AUM) to grow at a Compounded Annual Growth Rate (CAGR) of 20% over the next three years. However, the draft RBI circular of October 2024 which states that a bank and its subsidiary should have no business overlap, is a key risk for the new listing in case it is adopted.
