HDB Financial IPO: The most popular IPO of recent days was the IPO of HDB Financial Services. For this, last Friday was the last day of bidding, which was subscribed to 17.65 times. When the discussion about this IPO started, its gray market premium (GMP) was very high. However, as soon as the issue opened, its GMP saw a decline. On June 17, where its premium was ₹ 90, it has now come to ₹ 57 after the subscription is over. That is, its GMP is just 7.70% which is pointing to a weak listing for investors. At present, investors are eagerly waiting for its allotment.
This IPO was opened for public subscription from 25 June to 27 June. On the last day of the bid on Friday, this IPO of ₹ 12,500 crore received 17.65 times dialects, where bids were received for 2,17,78,03,360 shares against 12,33,91,893 shares. The share of retail investors filled 1.51 times and the share of non-institutional investors (NII) filled 10.55 times. The share of qualified institutional buyers (QIB) subscribed to 58.64 times. HDB Financial Services Limited shares will be listed on both BSE and NSE on Wednesday, July 2.
When will HDB Financial IPO allotment?
The allotment of shares of HDB Financial Services IPO is expected to be finalized on Monday, June 30. After the allotment final, investors will start receiving debit messages from the bank by the evening of 30 June. Investors can also check their allotment status on the website of BSE, NSE and Registrar Link Intime. Follow these easy steps to check the status:
1- Go to BSE website: https://www.bseindia.com/investors/appli_check.aspx
2- Choose ‘Equity’ in ‘Issue Type’.
3- Select ‘HDB Financial Services Ltd’ from dropbox in ‘Issue Name’.
4- Enter your application number or permanent account number (PAN).
5- Verify yourself by clicking on ‘I am not a robot’ and then click on the ‘Search’ button.
6- Your share application status will be seen on the screen.
You can also visit the portal of Registrar Link Inteime directly: https://in.mpms.mufg.com/Initial_Offer/public-issues.html And HDB Financial IPO can check allotment status.
Apart from this, allotment status can also be checked on NSE website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
The largest of 2025 is HDB Financial IPO
HDB Financial Services IPO is a total issue of ₹ 12,500 crore. It has issued ₹ 2,500 crore new shares and includes an offer for SAIL (OSS) by the original company HDFC Bank (which is 94.3% stake). This is the largest iPO ever this year, which has also surpassed the initial ₹ 8,750 crore issue of Hexaware Technologies this year.
About HDB Financial Services
HDB Financial Services was established in 2007. It provides a variety of retail loans under three commercial vertical-enterprise lending, asset finance and consumer finance. It gives loans in lieu of personal loan and property, especially targets people who do not have access to banking services. By 30 September 2024, the company’s gross loan book was ₹ 98,620 crore, with CAGR (compound annual growth rate) of March 2022 to 20.93%. Its profit in FY24 was ₹ 2,460 crore, with CAGR of 55.9% during FY22-FY24.
The company stated in its DRHP that its loan book is extremely diverse, with the top 20 customers contribute less than 0.36% of the total gross loans. As of 30 September 2024, the average loan ticket size was around ₹ 1.45 lakh. Let us know that the company initially filed its DRHP on 30 October 2023 and was approved by SEBI in the end of May 2025.
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