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HDB Financial IPO: Non-Institutional Investors Portion Fully Subscribed on Day 2

Updated: June 26, 2025 11:40

Image Source: The Economic Times
HDB Financial Services’ ₹12,500 crore IPO is drawing strong interest, with the non-institutional investors (NII) segment fully subscribed by the second day of bidding.
 
Key Highlights:
 
The NII portion, which includes high-net-worth individuals and corporates, received bids for over 2.42 crore shares against the 2.4 crore shares on offer, reaching full subscription on Day 2.
 
The overall IPO has been subscribed about 48% so far, with retail investors subscribing close to 40% of their allotted shares and the employee quota seeing an even stronger response at over 2 times subscription.
 
The IPO consists of a fresh issue of ₹2,500 crore and an offer for sale of ₹10,000 crore by HDFC Bank, with a price band set between ₹700 and ₹740 per share.
Proceeds from the IPO will be used to strengthen HDB’s Tier-1 capital base, support future lending, and meet regulatory capital requirements.
 
Most analysts have given the IPO a “subscribe” rating, citing HDB’s strong parentage, robust governance, and healthy financials, including a net profit of ₹531 crore and a capital adequacy ratio of 19.22%.
The IPO will close on June 27, with allotment results expected on June 30 and the listing tentatively set for July 2 on the BSE and NSE.
 
The grey market premium (GMP) for HDB Financial shares is currently around ₹50–51, suggesting a potential 6–7% listing gain over the upper end of the price band.
 
Source: CNBC-TV18, Groww, Business Standard, NDTV Profit

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