HDB Financial Services listing: Shares make strong market debut at 12.84% premium; open at Rs 835 on stock exchanges

HDB Financial Services made a strong debut on the stock exchanges on Wednesday, with its shares listing at Rs 835- a 12.84 per cent premium over the issue price of Rs 740. The stock opened higher by Rs 95 on both the NSE and BSE, reflecting solid investor interest following a heavily subscribed IPO.

As of 10.06 AM, the shares were trading around 13.6 per cent higher.The Rs 12,500 crore public offering- comprising a Rs 2,500 crore fresh issue and a Rs 10,000 crore offer-for-sale — closed on June 27 with an overall subscription of 17.65 times. The Qualified Institutional Buyers (QIBs) category led the demand, with bids coming in at 31.73 times the allotted quota.