The much-anticipated HDB Financial Services IPO, which opened for subscription on June 25, closed with a strong overall subscription of 12.48 times, reflecting high investor confidence in the HDFC Bank subsidiary. This follows our earlier blog post covering the IPO launch.
Here’s how the subscription broke down across investor categories by the final day:
- Qualified Institutional Buyers (QIBs): 11.23 times
- Non-Institutional Investors (NIIs): 17.56 times
- Retail Individual Investors (RIIs): 4.91 times
- Employees: 1.82 times
- Total Subscription: 12.48 times
The overwhelming response from institutional and high-net-worth investors underlines strong faith in HDB’s business fundamentals, asset quality, and growth outlook. The IPO aimed to raise ₹9,000 crore, and given the subscription momentum, full allotment of the issue size is expected without concerns.
Several factors drove this success: a well-recognized brand under HDFC Group, strong financials, and the company’s expanding foothold in India’s retail and SME lending space. The issue was also considered reasonably priced compared to listed peers like Bajaj Finance and Cholamandalam Investment.
The allotment date is expected by July 3, with listing likely around July 8, subject to regulatory timelines. Grey Market Premium (GMP) stood at around ₹120–₹140 per share, signaling potential listing gains in the range of 18–22%.
Investors should track the listing closely and plan their exit or hold strategy based on individual risk appetite and financial goals. IPOs can offer quick returns, but long-term value depends on sustainable performance.
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IPO 2025, HDB Financial Services, Stock Market, IPO Subscription, HDFC Bank, Investing in India, Financial Planning, Wealth Building, NBFC Stocks, Grey Market Premium, retireearlyme
