HDB Financial IPO Fully Subscribed—Retail Investors Join ₹12,500 Cr Rush on Final Day

HDB Financial Services Ltd., the NBFC arm of HDFC Bank, saw its much-anticipated ₹12,500 crore IPO fully subscribed on the final day of bidding (June 27, 2025), with strong participation from retail investors. The IPO, comprising a ₹2,500 crore fresh issue and a ₹10,000 crore offer-for-sale (OFS) by HDFC Bank, was priced in the ₹700–₹740 per share range.

 

Retail investors subscribed to 100% of their allocated quota, while non-institutional investors (NIIs) oversubscribed their portion by 2.29 times. The qualified institutional buyers (QIBs) segment saw a 0.90x subscription, while the employee and shareholder categories were oversubscribed by 2.97x and 1.68x, respectively. The IPO had earlier raised ₹3,369 crore from anchor investors, including BlackRock and LIC.

 

The issue is expected to list on the BSE and NSE on July 2, 2025, with a grey market premium (GMP) of around ₹60, indicating strong listing expectations.

 

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Source: Business Standard