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HDB Financial Services IPO Nets 3.9× Subscription on Final Day

Grey market premiums of Rs 60–65 following Rs 3,369 crore in anchor commitments underscore strong demand ahead of the July 2 listing

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HDB Financial IPO attracts bids worth Rs 1.61 lk cr; check odds of allotment & latest GMP
HDB Financial IPO Day 3: Issue booked nearly 4x, GMP increases; check allotment date

Overview

  • The Rs 12,500 crore IPO comprised a Rs 2,500 crore fresh issue and a Rs 10,000 crore offer-for-sale by HDFC Bank.
  • On June 27, investors bid for 51.30 crore shares, amounting to 3.93 times the 13.04 crore shares on offer.
  • Qualified institutional buyers, non-institutional investors and retail investors subscribed at 7.69×, 6.41× and 1.01× their quotas, respectively.
  • Grey market premiums of Rs 60–65 per share imply potential listing gains of 8–9 percent.
  • The basis of allotment is set for June 30 with shares slated to list on BSE and NSE on July 2, 2025.