HDB Financial IPO Subscription
ListedUpdated 2 July 2025, 9:15 AM IST· Mainboard
HDB Financial IPO subscription closed on 27 June 2025 at 17.65x overall by shares. QIB demand came in at 58.64x, NII at 10.55x, and retail at 1.50x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 30 June 2025. Listing date on NSE and BSE is 2 July 2025.
HDB Financial IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 25 Jun 2025 | 0.01x | 0.81x | 0.33x | 0.40x |
| Day 2 - 26 Jun 2025 | 0.93x | 2.43x | 0.69x | 1.23x |
| Day 3 - 27 Jun 2025 | 58.64x | 10.55x | 1.50x | 17.64x |
HDB Financial IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
HDB Financial IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 1.50x (shares) | Updating soon |
| SHNI (Rs 2L to Rs 10L) | 6.77x (shares) | Updating soon |
| BHNI (above Rs 10L) | 12.44x (shares) | Updating soon |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the HDB Financial IPO Allotment Status page from 30 June 2025 for your result.
HDB Financial IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 740.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 2,246.00 Cr | Rs 1,31,696.50 Cr | 58.64x |
| NII | Rs 1,684.50 Cr | Rs 17,771.72 Cr | 10.55x |
| sNII (Rs 2L to Rs 10L) | Rs 561.50 Cr | Rs 3,802.48 Cr | 6.77x |
| bNII (above Rs 10L) | Rs 1,123.00 Cr | Rs 13,969.24 Cr | 12.44x |
| Retail | Rs 3,930.50 Cr | Rs 5,894.90 Cr | 1.50x |
| Total | Rs 7,861.00 Cr | Rs 1,55,363.12 Cr | 19.76x |
What Do These Subscription Numbers Mean?
17.65x overall by shares means bids covered about 18 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 58.64x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (10.55x by shares). SHNI and BHNI allotment is by lottery.
Retail at 1.50x by shares. Exact lottery chances need application data.
HDB Financial IPO GMP After Subscription
GMP for HDB Financial IPO stands at Rs 71.00 today, giving an estimated listing price of Rs 811.00 per share.
A subscription of 17.65x combined with a GMP of 9.59% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the HDB Financial IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
HDB Financial IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 25 June 2025 |
| IPO Close Date | 27 June 2025 |
| Allotment Date | 30 June 2025 |
| Refund Initiation | 1 July 2025 |
| Share Credit to Demat | 1 July 2025 |
| Listing Date | 2 July 2025 |
| Minimum Investment | Rs 14,800.00 |
| Lot Size | 20 shares |
About HDB Financial IPO
HDB Financial Services Limited is one of India's leading Non-Banking Financial Companies (NBFCs), classified as an Upper Layer NBFC (NBFC-UL) by the Reserve Bank of India (RBI). It is a subsidiary of HDFC Bank Limited. The company offers a wide range of lending solutions across three primary business verticals: Enterprise Lending (secured and unsecured business loans to MSMEs), Asset Finance (secured loans for new and used commercial vehicles, construction equipment, and two-wheelers), and Consumer Finance (secured and unsecured personal loans, consumer durable loans, digital and lifestyle product financing, and gold loans).
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
HDB Financial IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
HDB Financial IPO Details
Issue size, price, financials, and company info
HDB Financial IPO GMP
Live grey market premium and listing estimate
HDB Financial IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
HDB Financial IPO Allotment
Allotment date, chances, and check by PAN
HDB Financial IPO Review
SWOT, strengths, risks, and IPO review
HDB Financial IPO FAQ
Common questions on dates, GMP, and allotment
HDB Financial IPO Registrar
Registrar website and how to check allotment
HDB Financial IPO Timeline
Open, close, allotment, and listing dates
HDB Financial IPO News
Updates, blogs, and latest IPO news
HDB Financial IPO Subscription FAQs
What is HDB Financial IPO subscription status today?
HDB Financial IPO subscription closed on 27 June 2025 with overall subscription of 17.65x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 58.64x, NII 10.55x, Retail 1.50x.
What is the overall subscription of HDB Financial IPO?
HDB Financial IPO is subscribed 17.65x overall by shares at close on 27 June 2025. QIB 58.64x, NII 10.55x, and Retail 1.50x.
What is HDB Financial IPO QIB subscription?
HDB Financial IPO QIB (Qualified Institutional Buyers) subscription is 58.64x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is HDB Financial IPO Retail subscription?
HDB Financial IPO Retail subscription is 1.50x by shares. Retail bids are up to Rs 2 lakh per PAN.
What is HDB Financial IPO NII, SHNI, and BHNI subscription?
HDB Financial IPO NII subscription is 10.55x by shares. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) and BHNI (above Rs 10L).
What are HDB Financial IPO retail allotment chances?
HDB Financial IPO retail share subscription is 1.50x. Application data is needed for exact lottery chances.
What are HDB Financial IPO SHNI allotment chances?
HDB Financial IPO SHNI share subscription is 6.77x. Application data is needed for exact lottery chances.
What are HDB Financial IPO BHNI allotment chances?
HDB Financial IPO BHNI share subscription is 12.44x. Application data is needed for exact lottery chances.
When is HDB Financial IPO allotment date?
HDB Financial IPO allotment date is 30 June 2025. Check HDB Financial IPO Allotment Status on IPOwiz from that day using your PAN.
When does HDB Financial IPO subscription close?
HDB Financial IPO subscription closed on 27 June 2025. No new applications are accepted after the close.
What is HDB Financial IPO GMP today?
HDB Financial IPO GMP is ₹71 today (+9.59% over issue price ₹740). See live GMP on the HDB Financial IPO GMP Today page.
What is HDB Financial IPO issue price and lot size?
HDB Financial IPO issue price is ₹740 per share. Lot size is 20 shares. Minimum investment is ₹14,800 per lot. Issue size: ₹12,500.00 Cr.
When is HDB Financial IPO listing date?
HDB Financial IPO listing date is 2 July 2025 on NSE and BSE. Allotment is on 30 June 2025.
How does subscription affect HDB Financial IPO allotment?
In HDB Financial IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 17.65x overall, competition is high.
For allotment results from 30 June 2025, visit the HDB Financial IPO Allotment Status page. For listing day updates on 2 July 2025, download the IPOwiz App.
Sources
We match HDB Financial IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.