Just after a 30% jump in HDB Financial Unlisted Share Price, the NBFC's IPO has left 50,000 investors with a notional loss of up to 48% of their holdings. What was deemed to be a soaring valuation ranging around Rs 1200-1350 per share came down to Rs 700-750 after HDB filed a Red Herring Prospectus(RHP) on June 19.
According to the latest DRHP, 49,553 individual shareholders are holding HDB Shares as of June 19, 2025. These are the investors who have bought the pre-IPO shares at around Rs 1200-1350 per share, based on previous filings. Now, with the IPO priced around 700-750 in the RHP, these investors are facing a notional loss of 38-48% on their investments.
This means if the HDB IPO is issued around the offered price band, investors will be losing nearly half of their investments. For eg if an investor bought 1 crore unlisted shares of HDB at Rs 1,250 per share, and sees their investment go down to Rs 740 per share. This is a direct loss of Rs 540 crore for him.
Before May 24, the HDB Grey Market Price was trading around Rs 950 per share, which saw a sudden jump by June 1st week, reaching Rs 1250 per share. Just after the RHP filing on June 19, the share price began falling to now trading around Rs 750-800 per share. This shows how uncertain the grey markets can be, since these are not regulated.
The above example of HDB Share Price surging and declining by 25-40 % is an indicator that investors must stay vigilant and cautious before investing in HDB because its uncertain valuation. We suggest checking all the financials and key performance indicators before making an investment decision.
