The initial public offering (IPO) of HDB Financial Services Ltd. was subscribed 16.69 times on the third and final day of bidding on June 27.
The mainboard IPO received bids for 217.67 crore equity shares as against 13.04 crore on the offer, according to data on NSE website.
Among the investor categories, Qualified Institutional Investors led the demand for HDB Financial Services IPO by booking their category 55.47 times. The Non-Institutional Investors subscribed their quota 9.99 times. The retail portion of the issue was booked 1.41 times. The employees subscribed their quota 5.72 times.
Following the subscription, HDB Financial Services IPO share allotment status is likely to be finalised on June 30.
The company is expected to process refunds and transfer shares to the Demat accounts on July 1.
HDB Financial Services IPO listing date has been scheduled for Wednesday, July 2. Shares of the NBFC will be listed on the BSE and NSE.
The price band for the IPO was set between Rs 700 and Rs 740 per share. The minimum bid size for retail investors was a single lot of 20 shares per application.
Investors who bid for the public issue can verify their share allotment status on the websites of BSE, NSE and MUFG Intime India.
Steps To Check HDB Financial IPO Allotment Status On MUFG Intime India
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Go to the MUFG Intime India IPO allotment page at https://in.mpms.mufg.com/Initial_Offer/public-issues.html.
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From the dropdown list, select “HDB Financial Services Ltd.”.
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Enter your PAN, application number, or DP/Client ID.
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Click on “Search” to check your allotment status.
How To Check HDB Financial Services IPO Allotment Status On NSE
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Visit NSE’s IPO allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
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Select ‘Equity & SME IPO bid details’ from the two options.
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Choose ‘HDBFS’ from the drop-down list for IPO symbols.
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Enter PAN and Application Number.
How To Check HDB Financial Services IPO Allotment Status On BSE
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Visit the BSE IPO allotment status page: https://bseindia.com/investors/appli_check.aspx.
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Set the Issue Type to ‘Equity’.
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From the dropdown list, select ‘HDB Financial Services Ltd’.
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Enter your PAN or IPO application number.
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Click on the ‘Search’ button to check your allotment status.
HDB Financial Services IPO GMP Today
According to Investorgain, the latest Grey Market Premium (GMP) for the HDB Financial IPO stood at Rs 55 apiece on June 29. Based on the upper end of the price band of Rs 740 apiece, the estimated listing price is around Rs 795. This suggests a potential gain of around 7.43% per share on listing.
Note: GMP does not represent official data and is based on speculation.
All About HDB Financial Services IPO
HDB Financial Services aims to raise Rs 12,500 crore through the IPO. The public offer comprises a fresh issue of 3.38 crore shares, worth Rs 2,500 crore, and an offer-for-sale (OFS) of 13.51 crore shares, amounting to Rs 10,000 crore.
Founded in 2007, HDB Financial Services Ltd. is a leading non-banking financial company (NBFC) with a focus on retail lending. Apart from its core lending operations, the company provides business process outsourcing (BPO) services, mainly to its parent company. Ahead of the IPO, HDFC Bank holds a majority stake in HDB Financial Services, owning over 94%. Post IPO, the bank’s stake in the NBFC arm will be reduced to 74%.
MUFG Intime India Pvt. (earlier Link Intime India) is the registrar for the IPO.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
. Read more on IPOs by NDTV Profit.