Overview

• Investors bid for 15 crore shares against 13.04 crore offered, fully subscribing the Rs 12,500-crore IPO on its second day.
• The issue comprises a fresh Rs 2,500-crore equity sale to strengthen Tier-I capital and a Rs 10,000-crore offer-for-sale by HDFC Bank, reducing its stake from 94% to 75%.
• HDB Financial secured Rs 3,369 crore from 141 anchor investors, including LIC, ICICI Prudential MF and BlackRock, at the upper price band of Rs 740 per share.
• Grey market premiums ranged from Rs 50 to Rs 74, signaling potential listing gains of 6–10% when shares debut on the NSE and BSE.
• Brokerages highlighted HDB’s 24% annual AUM growth, focus on underserved markets and 2.26% GNPA ratio as reasons to subscribe.