HDB Financial Services IPO: Subscription Status, Price, and Review

The initial public offering (IPO) of HDB Financial Services Limited has entered the Indian primary market today and will be open for subscription until 27 June 2025. The price band for the IPO is set at ₹700 to ₹740 per equity share. The company aims to raise ₹12,500 crore, with ₹2,500 crore from fresh shares and ₹10,000 crore from offer for sale (OFS). Market observers note that the company's shares are trading at a premium of ₹75 in the grey market.

The book-running lead managers for the IPO include BNP Paribas, JM Financial, Goldman Sachs India, and others, while MUFG Intime India Private Limited is the official registrar. As of day 2, the IPO has been subscribed 0.87 times, with the retail portion at 0.59 times, NII segment at 1.93 times, and QIB portion at 0.23 times.

Key details of the HDB Financial Services IPO include the price band, subscription status, lot size, allotment date, registrar, lead managers, and listing date. The IPO is scheduled to close on 27 June 2025, with the likely listing date on 2 July 2025.

Analysts from KR Choksey Securities and Sharekhan have recommended subscribing to the IPO, citing attractive pricing and growth potential. Other firms like Kunvarji Finstock and Aditya Birla Money have also given a 'subscribe' rating to the IPO.

According to the source: Mint.