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Subscription Status · Jun 25 – Jun 27, 2025 · ₹700–740
The HDB Financial IPO subscription has recorded strong investor demand with an overall subscription of 16.69× as of Jun 27, 2025, indicating that investors applied for 16.69 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Jun 27, 2025, 1:21 AM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
32,085,713 | 1,779,682,480 |
55.47×
|
|
NII
Non-Institutional Investors
|
24,064,286 | 240,286,800 |
9.99×
|
|
bNII
Bids above ₹10L
|
16,042,858 | 188,773,540 |
11.77×
|
|
sNII
Bids below ₹10L
|
8,021,428 | 51,513,260 |
6.42×
|
|
Retail
Retail Individual Investors
|
56,150,000 | 79,159,240 |
1.41×
|
|
Shareholders
Existing Shareholders
|
17,857,142 | 76,004,340 |
4.26×
|
|
Employees
Employee Category
|
285,714 | 1,633,520 |
5.72×
|
|
Total
|
130,442,855 | 2,176,766,380 |
16.69×
|
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 32,085,713 | 1,779,682,480 | 55.47× |
| NII | 24,064,286 | 240,286,800 | 9.99× |
| bNII | 16,042,858 | 188,773,540 | 11.77× |
| sNII | 8,021,428 | 51,513,260 | 6.42× |
| Retail | 56,150,000 | 79,159,240 | 1.41× |
| Shareholders | 17,857,142 | 76,004,340 | 4.26× |
| Employees | 285,714 | 1,633,520 | 5.72× |
| Total | 130,442,855 | 2,176,766,380 | 16.69× |
As of June 27, 2025, the HDB Financial IPO has been subscribed 16.69 times overall. The IPO is fully subscribed with strong investor demand.
The HDB Financial IPO subscription window was open from June 25, 2025 to June 27, 2025. Investors could apply through their demat account or ASBA facility.
The HDB Financial IPO has a price band of ₹700 to ₹740 per share, with a lot size of 20 shares. Minimum retail investment: ₹14,000 (lower band) or ₹14,800 (upper band).
The QIB category has been subscribed 55.47 times. QIBs were offered 32,085,713 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 1.41 times. Retail was offered 56,150,000 shares.
Overall NII: 9.99×. bNII (>₹10L): 11.77×, sNII (<₹10L): 6.42×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on June 30, 2025. Check via the registrar's website, MUFG Intime India Pvt.Ltd using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
HDB Financial IPO is expected to list on July 02, 2025. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 16.69× means investors have bid for 16.69 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 1.41×, the estimated allotment probability for retail investors is Good. Decent chance of full allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for HDB Financial IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Jun 25 to Jun 27, 2025.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest HDB Financial IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Jun 25, 2025Subscription Closes Done
Jun 27, 2025Basis of Allotment Done
Jun 30, 2025Listing on NSE,BSE Done
Jul 02, 2025Decent chance of full allotment. Based on retail subscription of 1.41×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
