- HBD Financial Services share price debut at 13% above the IPO price and the company's strong fundamentals could send the stock past ₹900.
HBD Financial Services (NSE: HDBFS) made a strong statement on its first day of trading at the NSE, closing the session at ₹840.95 after listing at 13% premium above its IPO price of ₹740. That was a reflection of investor confidence following its massively oversubscribed IPO, which came in at x16 overall, with Qualified Institutional Buyers having oversubscribed 55 times.
With the strong debut of HDB share price, the company became the 8th-largest Non-Banking Financial Company in India, with its market capitalisation crossing $8 billion. Furthermore, its IPO was the largest of 2025 so far, with the company also setting the record for the largest IPO for an NBFC. With analysts projecting share price levels above ₹900, the current bullish momentum is likely to stay in play in the near-term. For instance, Emkay Global has already given it a BUY rating with a price target of ₹900.
On the technical front, the strong uptick in HDB Financial Services share price was accompanied by large trading volumes, adding credence to the likely continuation of the upside. The company’s fundamentals are underlined by a strong loan portfolio and low levels of non-performing assets as strong growth drivers. Also, the strong institutional demand during the IPO is a strong confidence-booster for investors.
HDB Financial Services Share Price Prediction
HBDFS share price pivots at ₹838.50 and the upside will prevail if action stays above that level. The stock will likely meet initial resistance at ₹843.10. However, a stronger momentum will break above that level and potentially send the action higher to test ₹846.70.
On the other hand, breaking below ₹838.50 will shift the momentum to the downside. With the sellers in control, HDB share price will likely find primary support at ₹834.95. The upside narrative will be invalid if the price breaks below that level. In addition, the resulting momentum could send the action lower to test ₹831.85.
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