HDB Financial Shares Surge 13% on Strong Stock Market Debut

HDB Financial made a strong stock market debut, listing at ₹835—a 13% premium over its ₹740 issue price. Its ₹12,500 crore IPO, comprising a fresh issue and offer-for-sale, saw robust demand, especially from Qualified Institutional Buyers (QIBs), with an overall subscription of 17.65 times. Brokerage Emkay Global gave a target price of ₹900, citing HDB’s strong reach, large customer base, and diversified portfolio. With just 0.34% of assets under top 20 accounts, the company has shown resilience through credit cycles. Experts view it as a steady, credible player in financial services, with potential for consistent, long-term growth.