HDB Financial IPO Subscription Status
HDB Financial IPO closed on 27 June 2025 with an overall subscription of 17.65x based on shares applied. QIB demand came in at 58.64x, NII at 10.55x, and retail at 1.50x.
Allotment will be finalised on 30 June 2025. The stock is scheduled to list on NSE and BSE on 2 July 2025.
Issue Price
Rs 740.00
GMP Today
Rs 71.00 (+9.59%)
Overall Subscription
17.65x
Issue Size
₹12,500.00 Cr
Allotment Date
30 Jun 2025
Listing Date
2 Jul 2025
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 |
HDB Financial IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 3,03,51,352 | 1,77,96,82,480 | 58.64x |
| NII | 2,27,63,514 | 24,01,58,360 | 10.55x |
| sNII (Rs 2L to Rs 10L) | 75,87,838 | 5,13,84,820 | 6.77x |
| bNII (above Rs 10L) | 1,51,75,676 | 18,87,73,540 | 12.44x |
| Retail | 5,31,14,865 | 7,96,60,780 | 1.50x |
| Total | 10,62,29,731 | 2,09,95,01,620 | 19.76x |
What Do These Subscription Numbers Mean?
A subscription of 17.65x by shares means the IPO received bids for 18 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 58.64x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 58.64x, it reflects serious institutional conviction.
NII at 10.55x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 1.50x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
HDB Financial IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Share subscription: 1.50x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Share subscription: 6.77x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
BHNI (above Rs 10 lakh)
- •Share subscription: 12.44x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the HDB Financial IPO Allotment Status page from 30 June 2025 for your allotment result.
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 Day-wise Subscription
| 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 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
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
HDB Financial IPO Subscription FAQs
What is HDB Financial IPO IPO subscription status today?
HDB Financial IPO IPO subscription closed on 27 June 2025 with overall subscription of 17.65x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 58.64x, NII 10.55x, Retail 1.50x.
What is the overall subscription of HDB Financial IPO IPO?
HDB Financial IPO 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 IPO QIB subscription?
HDB Financial IPO 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 IPO Retail subscription?
HDB Financial IPO IPO Retail subscription is 1.50x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is HDB Financial IPO IPO NII subscription?
HDB Financial IPO IPO NII (Non-Institutional Investors) subscription is 10.55x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in HDB Financial IPO IPO for retail?
HDB Financial IPO IPO retail share subscription is 1.50x. Application-wise data is needed for accurate lottery odds.
When is HDB Financial IPO IPO allotment date?
HDB Financial IPO 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 IPO subscription close?
HDB Financial IPO IPO subscription closed on 27 June 2025. No new applications are accepted after the close.
What is HDB Financial IPO IPO GMP today?
HDB Financial IPO 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 IPO issue price and lot size?
HDB Financial IPO 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 IPO listing date?
HDB Financial IPO IPO listing date is 2 July 2025 on NSE and BSE. Allotment is on 30 June 2025.
How does subscription affect HDB Financial IPO IPO allotment?
Allotment odds in HDB Financial IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. 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.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.