Mumbai19 minutes ago
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The shares of HDFC Bank’s non-banking subsidiary company HDB Financial Services Limited were listed at Rs 835 on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today (Wednesday, 2 July). It is trading at 847 at around 15% at 12:40 pm.
The price band of the IPO was ₹ 700 to ₹ 740 per share. Its gray market premium (Gmp) was between ₹ 57 to ₹ 76 before the listing. However, while performing better, the shares were listed above 12.8% on NSE and BSE. This IPO was worth ₹ 12,500 crores.
8th most valuable NBFC with listing HDB Finance
With the debut in the market, HDB Finance’s market cap crossed the figure of 70 thousand crore rupees. With this market cap, HDB has become the 8th most valuable NBFC company in the country.
Bajaj Finance is the country’s most valuable NBFC, the company’s market cap is around Rs 5.8 lakh crore. The second number in the list is Jio Finance, its value is 2.1 lakh crores. Cholamandalam Investment and Finance Company Limited is the third largest NBFC with 1.37 lakh crore valuations.
HDB Finance 8th Most Valuable NBFC became
| NBFC | Market Cap (₹ Crore) |
| Bajaja Finance | ₹ 5,81,616 |
| Live finance | ₹ 2,07,657 |
| Cholamandalam investment | ₹ 1,36,881 |
| Shriram finance | ₹ 1,32,811 |
| Muthoot Finance | ₹ 1,05,392 |
| SBI Card and Payment | ₹ 90,481 |
| Aditya Birla Capital | ₹ 72,199 |
| Hdb financial | ₹ 70,000 |
| Sundaram Finance | ₹ 57,487 |
| L&T Finance | ₹ 51,478 |
Source: BSE
HDB gives secure and unsecured loans
The HDB, established in 2007, provides the Secure and Unsecured Loan. It has more than 1,680 branches across India. HDB Financial Services- Personal Loans, Gold Loans, Business Loans and Auto Loans also provide financial services. HDB Financial Services recorded a net worth of about Rs 13,300 crore in the June quarter.
