HDB Financial paid investment bankers just 0.83 per cent or ₹104 crore in fees for its ₹12,500 crore IPO-far lower than Hyundai, PayTM and Hexaware precedents
HDB Financial allotment status: Investors can check their status on the official websites of BSE, NSE, or MUFG Intime India, the registrar for the issue
HDB Financial's ₹12,500 crore IPO sees overwhelming interest from institutional investors, though modest grey market premium kept retail demand relatively low
IPO Calendar: Including major names like HDB Financial Services and Sambhv Steel Tubes, 19 companies scheduled to make their debut on the exchanges next week
HDB Financial IPO Day 3 update: Check latest subscription status, grey market premium (GMP), reviews, allotment date, listing date, and other key details here
HDB Financial Services IPO Day 2 subscription status: The issue received bids for 9,02,77,760 shares compared to 13,04,42,855 shares on offer
HDB Financial's Rs 12,500 crore IPO opened with 37 per cent subscription on Day 1, led by HNIs and employees, while retail and institutional categories lagged
The initial public offer of HDB Financial Services Ltd, a subsidiary of HDFC Bank, received 37 per cent subscription on the first day of bidding on Wednesday. The initial share sale got bids for 4,85,98,380 shares against 13,04,42,855 shares on offer, as per NSE data. The category for non-institutional investors attracted 76 per cent subscription while the quota for Retail Individual Investors (RIIs) got subscribed 30 per cent. Qualified Institutional Buyers (QIBs) quota got subscribed 1 per cent. HDB Financial Services mopped up Rs 3,369 crore from anchor investors. The Rs 12,500-crore initial public offering (IPO) will conclude on June 27. The price band for the offer has been fixed at Rs 700-740 per share. At the upper end of the price band, the company is valued at nearly Rs 61,400 crore. The IPO is a combination of a fresh issue of equity shares worth Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by the promoter, HDFC Bank. At present, HDFC Bank owns a 94.36
HDB Financial IPO Day 1 update: Check latest subscription status, grey market premium (GMP), price band, lot size, review, allotment date, listing date, and other key details here
The shares are being marketed from Wednesday at ₹700 to ₹740 each, valuing the company at as much as $7 billion
Adding to the buzz, the shares of HDB Financial are commanding a decent premium in the grey market on the first day of its opening
The prominent institutional investors who participated in the anchor allotment included Life Insurance Corporation, ICICI Prudential Mutual Fund, Nippon Life, and Goldman Sachs Funds, among others
HDB Financial Services IPO consists of a fresh issue of 33.8 million shares worth ₹2,500 crore and an OFS component of 135.1 million shares worth ₹10,000 crore
HDB Financial Services IPO comprises a fresh equity issuance worth ₹2,500 crore, alongside an offer for sale (OFS) in which HDFC Bank will divest part of its stake valued at ₹10,000 crore
HDB Financial Services IPO comprises a fresh issue of 33.8 million equity shares and an offer for sale of 135.1 million equity shares
HDB Financial Services IPO comprises a fresh issue of ₹2,500 crore and an OFS of ₹10,000 crore by parent HDFC Bank
HDB's IPO, the largest by an NBFC and fifth-largest overall, receives Sebi approval and is set to meet RBI's listing deadline for upper-layer NBFCs
The Securities and Exchange Board of India's approval is set to be made public in the coming weeks, the people said, asking not to be named discussing a private matter
HDFC Bank's NBFC arm may ask the RBI for more time to meet its September 2025 listing deadline as IPO approval faces delays over compliance issues and regulatory hurdles
HDB Financial Services is under scrutiny for alleged companies act violations linked to a $1.5 billion ipo. sebi's findings could lead to penalties or delays in ipo filings, impacting hdb's compliance