HDB Financial IPO allotment today: How to check status, GMP, listing info
By : Krishna Mishra
HDB Financial Services IPO Allotment Live Update:
After wrapping up its three-day subscription window on June 27, the highly anticipated IPO of HDB Financial Services — a non-banking subsidiary of HDFC Bank — witnessed a robust investor response. Priced between ₹700 and ₹740 per share, the issue was subscribed 16.69 times, making it one of the most oversubscribed IPOs in the past four years.
The Qualified Institutional Buyers (QIB) segment led the enthusiasm, bidding 55.47 times the allotted quota. The Non-Institutional Investor (NII) category followed with nearly 10 times subscription. Meanwhile, retail investors showed moderate interest, subscribing 1.41 times.
With the bidding now closed, allotment of shares is expected today, and the listing date is likely to be announced shortly thereafter.