HDB Financial IPO allotment finalised on MUFG Intime India, NSE, BSE: What's next for allottees and non-allottees?

HDB Financial IPO allotment status was finalised on Monday, June 30. The bid finalisation details are out on the websites of the registrar MUFG Intime India, the NSE and the BSE.

The initial public offer had got 16.69 times subscription, with 2,17,67,62,140 bids as against 13,04,42,855 shares reserved.

Qualified institutional buyers (QIBs) applied for 55.47 times the shares reserved for them, while the non-institutional investors' quota was subscribed 9.99 times. The part set aside for retail investors was subscribed 1.41 times.

HDB Financial IPO allotment finalised: What's next for allottees and non-allottees?

Shares of HDB Financial Services will be credited to the Demat account of investors who received allotment on Tuesday, July 1. For non-allottees, the refunds will be initiated on the same day.

HDB Financial IPO listing date and time

HDB Financial Services shares are likely to make their stock market debut on the NSE and the BSE on Wednesday, July 2, at 10 am.

The initial share sale consisted of a fresh issuance of ₹2,500 crore and an offer for sale, or OFS, of ₹10,000 crore by HDFC Bank. The total IPO size was ₹12,500 crore.

The price band was set at ₹700 to ₹740 per share, and the lot included 20 shares.

The funds generated will be utilised to boost the non-banking financial company's Tier-I capital base.

If you have applied for the HDB Financial Services IPO, here are the steps to check allotment details online.

How to check HDB Financial IPO allotment status online on the MUFG Intime India website

• Click on this direct link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• From the 'Select Company' dropdown, choose 'HDB Financial Services Limited - IPO'
• Enter any one: account no/IFSC, PAN, application number or DP/client ID
• Click on the 'Submit' button

HDB Financial Services IPO allotment status on NSE: Step-by-step guide

• Visit NSE's bid verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Click on 'Equity & SME IPO bid details'
• From the 'Select Symbol' list, pick 'HDBFS'
• Mention your IPO application details and PAN card number
• Click on the 'Submit' button

Steps to check HDB Financial Services IPO allotment status on BSE

• Go to the bid verification page of BSE: https://bseindia.com/investors/appli_check.aspx
• Keep 'Equity' as the issue type
• From the list of IPO names, choose 'HDB Financial Services Ltd'
• Fill in any one: IPO application number or PAN card details
• Click on the 'Search' button

HDB Financial Services IPO GMP