“Biggest NBFC IPO of the Year? HDB Financial’s ₹12,500 Cr Bet Explained”

HDB Financial Services, the retail lending arm of HDFC Bank, has launched its much-anticipated ₹12,500 crore IPO, the largest NBFC public issue of 2025. Here's a quick breakdown: 📌 Key Details IPO Dates: June 25–27, 2025 Price Band: ₹700–₹740 per share Lot Size: 20 shares (minimum investment ₹14,000) Issue Structure: ₹2,500 crore fresh issue ₹10,000 crore offer for sale by HDFC Bank Listing Date: Expected on July 2, 2025 (BSE & NSE) Grey Market Premium (GMP): Around ₹74–₹75, indicating ~10% premium 🧠 Analyst Sentiment Brokerages like SBI Securities have given a “Subscribe” rating, citing strong fundamentals, HDFC pedigree, and a diversified loan book across enterprise lending, asset finance, and consumer finance. 💼 Anchor Investors HDB raised ₹3,369 crore from marquee names like LIC, BlackRock, ICICI Prudential, and Goldman Sachs ahead of the IPO.