HDB Financial Services and Kalpataru IPOs Creating Buzz in the Market
Investors and market watchers are keeping a close eye on two big IPOs set to open this week — HDB Financial Services IPO and Kalpataru Projects International IPO. Both these issues are backed by strong fundamentals and have already shown positive momentum in the grey market.
The GMPs (Grey Market Premiums) for these IPOs are already witnessing an upward trend of up to 7 percent, indicating strong interest from retail and institutional investors. Let’s break down the key details and what investors should watch for.
HDB Financial Services IPO GMP and Key Details
HDB Financial Services, a subsidiary of HDFC Bank, is entering the public market with solid fundamentals and a vast NBFC footprint across India. The IPO is expected to attract significant attention due to its parentage and consistent profitability.
According to the grey market trend, HDB Financial IPO GMP has risen by nearly 5 to 7 percent, reflecting investor confidence. While the official price band is yet to be announced, the expected price range is between ₹490 to ₹510 per share. The lot size is likely to be around 29 shares, which may change after SEBI’s final nod.
The IPO is expected to open in the last week of June 2025 and will remain open for three working days. HDB’s strong financials, customer base, and diversified loan portfolio are key strengths.
Kalpataru Projects International IPO Gains Investor Interest
Kalpataru Projects International, formerly known for its power and infrastructure business, is making a debut in the primary market with promising fundamentals. With a robust order book and international presence, the IPO is seen as a gateway for investors to enter the fast-growing infra sector.
The Kalpataru IPO GMP has increased to around ₹40 per share, indicating a healthy listing gain projection. The price band is likely to be between ₹425 to ₹445 with a lot size of 33 shares. The issue size is expected to raise over ₹1,200 crore.
Investors are keen on Kalpataru because of its strategic business presence in the Middle East, Africa, and Asia. Its steady revenue growth and infrastructure boom in India add to the attraction.
Why Investors Are Rushing for These IPOs
Both IPOs are hitting the market at a time when the stock market sentiment is bullish and retail participation in IPOs has surged. The rising GMPs are a clear indicator of strong market appetite.
HDB Financial’s backing by HDFC Bank and Kalpataru’s experience in infra and energy sectors make them hot picks for short-term listing gains as well as long-term portfolio additions. Analysts expect strong subscription numbers in all categories.
Important Dates and Timeline for HDB and Kalpataru IPOs
Here’s a quick overview of expected dates based on current updates
| IPO Name | Opening Date | Closing Date | Expected Listing | GMP (Approx) |
|---|---|---|---|---|
| HDB Financial Services | June 26, 2025 | June 28, 2025 | July 5, 2025 | ₹30 to ₹35 |
| Kalpataru Projects | June 27, 2025 | June 30, 2025 | July 8, 2025 | ₹35 to ₹40 |
Note: Dates and GMPs are based on market estimates and may vary.
Should You Subscribe to These IPOs
If you are a retail investor looking for a balance between listing gains and long-term value, both IPOs offer interesting prospects. HDB’s NBFC business and Kalpataru’s infra expertise bring diversity to your investment portfolio.
However, investors should consider company valuations, financial health, and risk appetite before applying. Always consult your financial advisor if you’re new to IPO investments.
Conclusion
With GMPs rising up to 7 percent, both HDB Financial Services and Kalpataru Projects IPOs are set to be high-action events this week. Backed by strong fundamentals, sectoral potential, and positive investor buzz, these issues could offer both listing day returns and long-term value.
Stay updated with IPO news and check grey market trends regularly for better decision-making in 2025’s dynamic primary market.