Overview

• On July 3, shares traded between ₹876 and ₹891, extending gains to around 18–20% above the ₹740 IPO price and lifting the market cap past ₹72,000 crore.
• HDFC Bank’s offer-for-sale of 13.5 crore shares at ₹740 raised ₹9,814 crore and trimmed its holding in HDB Financial to 74%.
• The IPO raised ₹12,500 crore through a ₹2,500 crore fresh issue and a ₹10,000 crore promoter stake sale, making it India’s largest NBFC public offering.
• Shares debuted at ₹835 on July 2 across BSE and NSE, delivering a 12.84% premium on the issue price after nearly 17× overall subscription.
• The strong listing and follow-on trading reflect robust appetite for parent-backed financial services plays and set a new benchmark for large-cap NBFC offerings.