From Bids to Big Wins: HDB’s IPO Allotment Day Steals the Market Spotlight

After a thunderous investor reaction, HDB Financial Services will close its IPO allotment today, June 30. The ₹12,500 crore IPO issue—India's largest NBFC issue of 2025—is attracting market attention with its massive subscription figures and strong grey market premium.

Subscription Snapshot

The IPO started on June 25 and concluded on June 27.

It was subscribed 16.69 times overall, with Qualified Institutional Buyers leading at 55.47 times.

Non-Institutional Investors subscribed 9.99 times, while the retail segment saw 5.72 times subscription.

IPO Structure

The issue comprised a fresh issue of equity of ₹2,500 crore and an offer-for-sale of ₹10,000 crore by parent HDFC Bank.

The share price was set between ₹700 and ₹740.

Status of Allotment: How to See Investors can see their allotment status on the following websites:

BSE Website

Visit the BSE IPO allotment page

Go to 'Equity' and select 'HDB Financial Services IPO'

Enter application number or PAN and submit

NSE Website

Go to the NSE IPO application status page

Select IPO and provide your PAN and application details

MUFG Intime India Registrar

Proceed to the registrar's IPO page

Choose HDB Financial Services from the list

Enter PAN, application number, DP ID/client ID, or bank account details to view status

Listing Timeline

Shares will be credited into successful applicants' Demat accounts by 1st July.

NSE and BSE listing is scheduled on July 2.

Market Buzz

Grey market premium is approximately ₹57, which indicates an approximate listing price of about ₹797.

Analysts recommend a defensive but positive stance, considering the robust institutional demand and HDFC Bank support.

Sources: Moneycontrol, Financial Express, CNBC TV18, News18 Business, LiveMint