HDB Financial IPO booked 1x on Day 2, grey market premium holds at 8%

Key Highlights:

Issue Size: ₹12,500 crore (HDFC Bank-backed NBFC)

Day 2 Subscription: 1.16x overall

NIIs: 2.29x (showing strongest demand)

QIBs: 90% subscribed

Retail: 64% (catching up)

The non-institutional investor category led the charge, while institutional and retail participation continues to build momentum before the IPO closes.