HDB Financial Delivers Biggest Listing Gains Among ₹10,000-Crore IPOs Post-Covid

HDB Financial Services made a powerful stock market debut on July 2, 2025, delivering the highest listing gains among all Indian IPOs above ₹10,000 crore since the COVID-19 pandemic. The ₹12,500-crore IPO opened at ₹835 per share, a 13% premium over its issue price of ₹740, defying market volatility and outperforming major post-Covid public listings like LIC, Swiggy, and Paytm.

📈 HDB Financial IPO Performance

IPO Size: ₹12,500 crore

Issue Price: ₹740 per share

Listing Price: ₹835 per share

Subscription: 16.69x oversubscribed

Lot Size: 20 shares

Retail Investment (1 lot): ₹14,800

Listing Value (1 lot): ₹16,700

Profit per Lot: ₹1,900

🔍 Comparison with Other ₹10,000+ Crore IPOs Since 2020

✅ Swiggy (November 13, 2024)

Issue Price: ₹390

Listing Price: ₹420 (8% gain)

Subscription: 3.59x

Profit per Lot: ₹1,140

❌ LIC (May 17, 2022)

Issue Price: ₹949

Listing Price: ₹867 (9% discount)

Loss per Lot: ₹1,230

❌ Paytm – One 97 Communications (November 18, 2021)

Issue Price: ₹2,150

Listing Price: ₹1,950 (9% discount)

Loss per Lot: ₹1,200

❌ Hyundai Motor India (October 22, 2024)

Issue Price: ₹1,960

Listing Price: ₹1,934 (1.3% discount)

Loss per Lot: ₹182

🌟 Smaller IPOs with Bigger Gains

Zomato (Eternal): Listed with 66% premium on July 23, 2021 (IPO size: ₹9,375 crore)

Tata Technologies: Delivered 140% listing gain on November 30, 2023 (IPO size: ₹9,127 crore)

Bajaj Housing Finance: Listed with 114% premium on September 16, 2024 (IPO size: ₹6,560 crore)