Although the stock market remained flat on Wednesday, HDB Financial Services Limited — which recently launched its IPO — made a strong debut in the listings. The company raised ₹12,500 crore through the public issue. The IPO received a good response from investors. On Wednesday, the company's shares were listed on both the BSE and NSE. It can be said that the listing day itself delivered good returns to investors.
The company had issued each share at a premium price of ₹740 in the IPO, and on the listing day, the shares began trading with a profit of ₹100, at ₹840. With the listing, the company’s market capitalization stood close to ₹70,000 crore. On the very first day of listing, leading brokerage firm MK Global Financial Services gave the stock a "Buy" rating. It estimated that by June 2026, the share price would reach ₹900.