HDB Financial IPO Allotment Date: GMP Falls Before Listing, Check Subscription Status

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Posted by AI on 2025-06-28 12:25:38 | Last Updated by AI on 2025-06-28 09:56:56

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The HDB Financial Services IPO allotment is scheduled for Monday, June 30th, despite a falling GMP. The initial public offering (IPO) received bids for 1.32 times the number of shares on offer on the final day of the subscription. With this insight, let's examine the subscription status and probable listing date for HDB Financial shareholders.

The initial public offering (IPO) of HDB Financial Services, a non-banking financial company (NBFC) owned by the Hinduja Group, was accompanied by a GMP (Grey Market Premium) surge to over 95% in double-quick time. However, as the allotment approaches, the GMP has fallen to 7.70% as of June 27th.

The IPO, which opened for subscription on June 20th, received a robust response from investors, with the issue being subscribed 1.32 times on the final day of bidding. The company set aside 50% of the issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors.

The QIB portion was subscribed 1.45 times, the NII portion 1.03 times, and the retail portion 1.05 times. Overall, the IPO received a healthy response from all categories of investors, demonstrating strong market interest.

Now, with the allotment date set for next week, HDB Financial shareholders will be eager to see if the strong demand during the IPO will translate into a successful listing and prosperous future for the company.

The IPO precedes the company's plans to expand its capital base and leverage its position in the NBFC industry, which has undergone significant consolidation.

The successful listing of HDB Financial could encourage more IPOs in the sector, as investors look to capitalize on the projected growth of the financial industry in the future.

Stay tuned for more updates on the HDB Financial IPO allotment and listing status.

Let's see if it will be a sold-out success or a disappointing flop.

Go!