HDB Financial's IPO attracts $19 billion in bids
HDB Financial Services's IPO turned out to be a hot ticket, getting oversubscribed 16.69 times overall.
Big investors went all-in—QIBs bid over 55 times their share, NIIs nearly 10 times, and even retail investors subscribed 1.41 times.
The total bids added up to a massive ₹1.61 lakh crore.
India's 7th-largest retail-focused NBFC
HDB is India's seventh-largest retail-focused NBFC, handling enterprise lending, asset finance, and consumer finance.
As an HDFC Bank subsidiary, it benefits from the parent's strong brand and reach.
Listing expected on July 2
The IPO includes a fresh issue of ₹2,500 crore plus shares sold by HDFC Bank itself.
Listing is expected on July 2, 2025; the gray market hints at a premium of ₹57.
Major players like BlackRock and LIC have already invested ₹3,369 crore as anchor investors.