HDB Financial Services IPO Subscribed 1.16 Times on Day 2: Latest Updates
HDB Financial Services, the NBFC arm of HDFC Bank, is offering equity shares worth ₹2,500 crore in its IPO. As of the second day, the IPO has been subscribed 1.16 times, with strong interest from Non-Institutional Investors. The grey market premium (GMP) stands at ₹60 per share, indicating positive investor sentiment.
HDB Financial Services, the NBFC arm of HDFC Bank, is offering an IPO with fresh equity shares worth ₹2,500 crore and an offer-for-sale component of ₹10,000 crore from the promoter.
At the end of the second day of bidding, investors had subscribed 1.16 times to the IPO, with total bids of 15.12 crore shares against 13.04 crore shares on offer.
Non-Institutional Investors led with 2.29 times subscriptions, while Qualified Institutional Buyers subscribed 90%, and retail investors subscribed 64%.
The IPO had a grey market premium of ₹60 per share, indicating strong investor interest.
The public issue opened on June 25, 2025, and closed on June 27, 2025, with a price band of ₹700 to ₹740 per share.
Book-running managers included JM Financial, BNP Paribas, and others, with MUFG Intime India as the registrar.
According to the source: Mint.
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