HDB Financial Services IPO Fully Subscribed – Here’s What You Should Know
If you’ve been following stock market news this week, you’ve probably heard about the HDB Financial Services IPO. Backed by HDFC Bank, this ₹12,500 crore public issue is the largest NBFC IPO of 2025, and it has already caught the attention of many investors across India. The IPO opened on June 25, 2025, and it closes today, June 27. By Day 2 itself, it was fully subscribed, showing strong interest from all categories of investors.

HDB Financial Services IPO opens June 25 with a ₹12,500 crore issue and ₹700–₹740 price band. Backed by HDFC Bank. SEO keyword: HDB Financial Services
HDB Financial Services IPO Subscription – From Slow Start to Full Book
On the first day, the HDB Financial Services IPO got a slow start, with just 0.37 times subscription. But that changed quickly. By Day 2, investor response picked up sharply, and the offer was subscribed 1.16 times. The company received bids for 15.12 crore shares


ALSO READ: HDFC-Backed HDB Financial IPO: Price, Dates & More
HDB Financial Services IPO Size and Price Band – One of the Largest in Recent Years
This IPO is a mix of a fresh issue worth ₹2,500 crore and an offer for sale (OFS) by HDFC Bank, worth ₹10,000 crore. The price band is ₹700 to ₹740 per share. At the upper end, HDB Financial Services is valued at around ₹61,400 crore. HDFC Bank currently owns more than 94% of the company and is selling a part of its stake in this IPO.
How Will the IPO Funds Be Used?
The fresh issue proceeds from the HDB Financial Services IPO will be used to expand the company’s business. A large part of the plan is focused on growing in tier II and tier III cities across India. This means more branches, better services, and reaching more people in smaller towns. The expansion is part of the company’s long-term growth strategy.
When Will HDB Financial Services IPO Shares List?
If you’ve applied for this IPO or are planning to buy shares after listing, you won’t have to wait long. The HDB Financial Services IPO listing date is July 2, 2025. The shares will be listed on both NSE and BSE. Given the strong interest seen during the IPO, the listing is expected to be positive, but final prices will depend on market conditions.
Is HDB Financial Services IPO a Good Bet?
The HDB Financial Services IPO is clearly one of the most talked-about IPOs of 2025. It’s the largest NBFC public issue of the year and ranks among the top five biggest IPOs in India over the last 20 years. Backed by HDFC Bank, it brings trust and strong fundamentals.
If you’re thinking about entering the NBFC space or adding a long-term growth stock to your portfolio, this IPO could be worth a look. Just make sure to evaluate your risk appetite and investment goals before investing.
Disclaimer: This is not financial or investment advice. Please conduct your own due diligence or seek expert guidance for financial planning.
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