HDB Financials listing: GMP signals premium on market debut. Check here

HDB Financial Services is set to make its stock market debut today, July 2, after a strong response to its initial public offering (IPO).

The company’s shares will be listed on both the BSE and NSE. HDB Financial Services is a subsidiary of HDFC Bank and its IPO closed on June 27 with nearly 27 times the subscription.

Ahead of its debut, market trends and grey market data suggest that the listing may be positive. In the grey market, HDB Financial shares are reportedly trading at a premium of Rs 75 per share over the issue price. This implies an expected listing price of around Rs 815, which is about 10.14% higher than the IPO price of Rs 740 per share.