HDB Financial Services IPO: HDFC Bank’s subsidiary HDB Financial Services Limited’s mega issue of Rs 12,500 crore was closed on June 27. It received a total of 17.65 times subscription. The IPO was opened on 25 June. The issue saw a tremendous interest of qualified institutional buyers on the last day. The reserve share for them was 58.64 times subscribed. At the same time, the reserve share for non -institutional investors, 10.55 times, reserve for retail investors 1.51 times and the reserve share for employee closed with 6 times.
A Bloomberg report stated that the IPO of HDB Financial Services is set to become India’s most demanded listing in the last 4 years in the 1 billion dollar -size issue. This means that no IPO of $ 1 billion has been subscribed so much in the last 4 years. Global investors, domestic mutual funds and financial institutions invested fiercely in this mega IPO.
Jomato IPO received tremendous response 4 years ago
Earlier, in July 2021, the IPO of the Parent Company, a parent company at the Food delivery platform Jomato, received a 38.25 times demand in the $ 1 billion size category. Jomato’s IPO was Rs 9375 crore and was filled 38.25 times. Bloomberg’s report said HDB Financial’s IPO received tremendous response may raise strong hunger for big IPOs in the country in future.
At the end of 2025, some big IPOs, including the Indian unit of Tata Capital Limited and LG Electronics Inc., are expected to come to India. India emerged as one of the world’s busiest markets to raise capital in 2024.
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Third highest subscribe IPO of over 10000 crores
HDB Financial IPO was the third most subscribed IPO of more than Rs 10,000 crore in the country. Reliance Power has a public issue of Rs 11,563.20 crore at number one, which came in January 2008 and subscribed to 73.04 times. This is followed by an issue of Rs 10,354 crore of SBI Card, which came in March 2020 and was filled 26.54 times. Now the IPO of HDB Financial Services has reached the third number.
Coal India’s IPO of Rs 15,200 crore came in October 2010 and subscribed to 15.28 times. The Rs 11,327 crore issue of Swiggy, which came in November 2024, was 3.59 times and LIC’s issue of Rs 21,008 crore in May 2022 was filled 2.95 times.
When will the listing be now
After the issue is closed, the allotment of shares will be finalized on June 30. The listing of shares will be on BSE, NSE on 2 July. According to Investorgain.com, the company’s shares in the gray market are trading at a premium of Rs 740 to Rs 57 or 7.70 percent of the company’s shares in the gray market. The gray market is an unauthorized market where shares of a company trades it till its listing.
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How to use IPO money
The income earned by releasing new shares worth Rs 2500 crore in the IPO of HDB Financial Services will be used to strengthen the company’s Tier-1 capital base to meet future capital needs. Despite the proposed IPO, HDB Financial Services will remain a subsidiary of HDFC Bank. The company works through 1,680 branches. Its biggest loan segments include vehicle finance and loans in lieu of property.