HDB Financial becomes 8th most valuable NBFC with Rs 70,200-crore market cap

HDB Financial listed at Rs 835, 12.8% above issue price.

Market cap at debut crossed Rs 70,000 crore, 8th among NBFCs.

IPO saw strong institutional demand; QIBs subscribed over 55x.

Emkay gave ‘Buy’ call with Rs 900 target, citing growth potential.