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  5. With 16.7x subscription, HDB Financial becomes most subscribed big-ticket IPO in 4 years! Details here

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With 16.7x subscription, HDB Financial becomes most subscribed big-ticket IPO in 4 years! Details here

Upstox
By Upstox News Desk

2 min read | Updated on June 27, 2025, 18:26 IST

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SUMMARY

According to a report, the $1.5 billion IPO is set to become India's most sought-after large listing in at least four years on heavy bidding from foreign and domestic investors

HDB Financial Services

On Friday, June 27, the issue secured 2,17,68,60,98 bids against 13,04,42,855 shares on offer, NSE data until 5 pm showed. | Image: Shutterstock

HDB Financial Services initial public offering (IPO) was subscribed 16.69 times on the final day of bidding.

On Friday, June 27, the issue secured 2,17,68,60,98 bids against 13,04,42,855 shares on offer, NSE data until 5 pm showed.

According to a Bloomberg report, the $1.5 billion IPO is set to become India's most sought-after large listing in at least four years on heavy bidding from foreign and domestic investors.

The offering from the shadow-lending unit of HDFC Bank saw the bulk of demand from the global investors, domestic mutual funds and financial institutions, the report further said.

Also read: HDB Financial IPO subscribed over 16 times on final day; here's how to check allotment online

According to NSE data, the portion reserved for the non-institutional investors (NIIs) category was subscribed to 9.99 times, while the retail individual investors (RIIs) category was booked 1.41 times.

The portion reserved for qualified institutional buyers, or QIBs, saw the highest response with a subscription of 55.47 times on Friday.

The Bloomberg report further stated that individual investors who bid for more than ₹1 million of shares were also among the biggest backers of the stock. The portion reserved for small investors was also fully subscribed.

The over 16 times demand for HDB shares is the biggest since food delivery firm Eternal Ltd’s $1.4 billion IPO was subscribed more than 29 times, exchange data showed.

HDB Financial IPO seeks to raise ₹12,500 crore, which includes a fresh issuance of shares valued at ₹2,500 crore and an offer for sale of ₹10,000 crore by promoter HDFC Bank.

The money generated will be used to strengthen its Tier-I capital base for future capital requirements, including additional lending.

HDB Financial Services IPO allotment status is likely to be finalised on Monday, June 30, with the details being out on the NSE, the BSE and MUFG Intime India.

Also read: HDFC Bank shares go ex-dividend: Stock down 1%; check record date, payment amount and date, and schedule for 31st AGM

BofA Securities India, JM Financial, BNP Paribas, HSBC Securities and Capital Markets, IIFL Capital Services, Jefferies India, Goldman Sachs (India) Securities, Motilal Oswal Investment Advisors, Nuvama Wealth Management, Morgan Stanley India Company, Nomura Financial Advisory and Securities (India) Pvt Ltd, and UBS Securities India are the IPO's book-running lead managers.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.