The HDB Financial IPO, one of the most anticipated public issues this year, is seeing major action. As of Day 3 (June 27), the IPO was subscribed more than 2 times, with non-institutional investors (NIIs) booking their share nearly 5x. That’s a big vote of confidence.
This ₹12,500 crore issue is from HDFC Bank’s NBFC arm, HDB Financial Services. It’s India’s largest-ever NBFC IPO, and investors are watching closely.
Grey Market Buzz: What’s the GMP Saying?
In the grey market, unlisted shares of HDB Financial are trading around ₹793, giving it a 7% grey market premium (GMP) over the IPO price band of ₹700-₹740.
But here’s the twist—the GMP had dropped from ₹104 before the IPO opened. Still, the recent uptick shows demand is recovering.
Subscription Status: Who’s Bidding?
As per NSE data at 11:38 am on June 27:
- Total bids received: 26.60 crore shares
- Offer size: 13.04 crore shares
- NII portion: 5x subscribed
- QIBs (institutions): 1.82x
- Retail investors: 87%
So, institutional and wealthy investors are showing strong interest. That usually signals confidence.
Also Read HDB Financial Services IPO Subscribed 51% on Day 2; NII Portion Fully Booked – Key Takeaways
Should You Apply?
Yes—if you’re looking for medium to long-term gains.
Top brokerages like SBI Securities, Sharekhan, and LKP Securities have given a ‘subscribe’ rating.
Here’s why:
- HDB has a diversified loan book: Enterprise Lending (39.3%), Asset Finance (38%), and Consumer Finance (22.7%).
- Backed by HDFC Bank, it enjoys a AAA credit rating from CRISIL and CARE.
- The company raised ₹3,369 crore from 141 anchor investors including LIC, Goldman Sachs, SBI Mutual Fund, and more.
If big players like LIC are in, retail investors may want to take notice.
Key IPO Details at a Glance:
- IPO Size: ₹12,500 crore
- Fresh Issue: ₹2,500 crore
- Offer for Sale (OFS): ₹10,000 crore (by HDFC Bank)
- Price Band: ₹700-₹740 per share
- Minimum Lot Size: 20 shares (₹14,800)
- IPO Dates: June 25–27
- Allotment Date: June 30
- Listing Date: July 2
- Stock Exchanges: BSE & NSE
Final Take
The HDB Financial IPO is getting solid traction. With steady demand, decent GMP, and big institutional backing, it looks promising—especially if you’re playing the long game.
But if you’re only in it for listing day gains, remember GMPs can fluctuate. Still, with a 7% premium and growing interest, a positive listing seems likely.
Disclaimer:
This article is for informational purposes only and is not financial advice. Please consult a certified advisor before making investment decisions.
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