HDB Financial Services, backed by HDFC Bank, made a strong debut on the stock market on Wednesday, July 2, 2025, delivering a solid return for IPO investors. The stock listed at ₹835, up 12.84% from its issue price of ₹740, and quickly gained another 1%, touching ₹845.75 on the BSE.
The listing came after the successful ₹12,500-crore initial public offering (IPO), which was open for subscription from June 25 to June 27, 2025. The IPO received an overwhelming response, especially from institutional investors. While the overall issue was oversubscribed 17 times, the Qualified Institutional Buyer (QIB) portion saw a huge 55x subscription, compared to just 1.4x for the retail category.
Strong Debut Matches Market Expectations
The listing of HDB Financial Services shares on both NSE and BSE met Street expectations and reflected the strong grey market premium (GMP) the stock had been enjoying before the debut. The high demand and solid listing show that investors are confident about the company’s business model and future growth.
Emkay Global Sets Target Price of ₹900
On the same day as the listing, domestic brokerage Emkay Global initiated coverage on HDB Financial Services with a ‘Buy’ rating and a target price of ₹900. This further boosted investor confidence in the stock.
Should You Buy, Hold, or Sell HDB Financial Services Shares?
Market experts believe that HDB Financial Services has long-term potential, especially in the retail and SME lending space. According to Prashanth Tapse, Research Analyst at Mehta Equities, the listing reflected strong market sentiment and investor demand.
“Given the healthy listing and bullish market, we recommend holding HDB Financial Services shares for the long term,” Tapse said. “The company is well-positioned to benefit from India’s structural credit growth.”
For those who were not allotted shares in the IPO, Tapse advises to accumulate the stock during any price dips or corrections post-listing, particularly if there is short-term market volatility.
A Value Opportunity for Long-Term Investors
Experts describe HDB Financial Services as a value-driven stock offering both growth and defensive characteristics. It’s best suited for investors with a 3–5 year investment horizon, especially as the Indian economy continues to push forward in the financial inclusion and credit expansion sectors.
Conclusion
With a strong IPO response, solid market listing, and bullish analyst coverage, HDB Financial Services is making a confident entry into the Indian stock market. Investors are advised to keep a close watch on the stock, and long-term holders may benefit from its promising position in India’s growing financial sector.
