Business • Jun 27, 2025

HDB's IPO attracts wealthy investors

HDB Financial Services just wrapped up one of India's biggest IPOs this year, pulling in ₹12,000 crore.
Investor excitement was high—bids came in for nearly twice the shares available, with even individual investors jumping in big and placing bids over ₹10 lakh each.

TL;DR

LIC, Morgan Stanley among big names in HDB's IPO

Institutional buyers snapped up their reserved shares, with major players like LIC and top mutual funds picking up a chunk worth ₹3,370 crore.
Global funds from Morgan Stanley and Allianz SE also joined the party.
This strong turnout reflects a lively market vibe right now—and more big IPOs are on the horizon for 2024.