“HDB Financial IPO Allotment Done—Expect ₹813 Debut, Nearly 10% Up!”

Mumbai, July 1: The allotment for the highly anticipated HDB Financial Services IPO has been completed as of June 30, following a robust three-day subscription period. The HDFC Bank-backed non-banking financial company is now set to make its stock market debut on July 2, as per the tentative schedule.

Priced in the range of ₹700 to ₹740 per share, the public issue garnered strong institutional interest, achieving an impressive 16.69 times subscription overall. The Qualified Institutional Buyers (QIB) category was the standout, with a massive 55.47 times subscription, making this one of the most subscribed IPOs in the past four years.

The Non-Institutional Investor (NII) category followed suit with nearly 10 times subscription, while the retail investor segment showed more measured enthusiasm, subscribing at 1.41 times.

Grey Market Premium Signals Positive Debut

As of 6:29 PM on July 1, the grey market premium (GMP) for HDB Financial Services stood at ₹73, suggesting a likely listing price of ₹813. This indicates a potential premium of 9.86% over the upper end of the issue price.

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How to Check HDB Financial IPO Allotment Status

Investors who participated in the IPO can check their allotment status through the official IPO registrar’s website or on BSE’s IPO section by entering their application details.

All eyes are now on July 2, when the shares are set to be listed on the stock exchanges and investor sentiment will be put to the test.

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