If you have placed a bid for the HDB Financial Services IPO, which opened on June 25 and closed on June 27, your wait is nearly over. The allotment of shares is expected to be finalised today, June 30, while the listing is scheduled for July 2.
The price band for the IPO was set at Rs 700 to Rs 740.
Here’s a quick and easy guide to check your IPO allotment status online.
HDB Financial Services IPO: How to check IPO allotment status
Via BSE Website
Go to the BSE IPO allotment status page.
Select ‘Equity’ as the issue type.
From the dropdown, choose ‘HDB Financial Services IPO ’.
Enter your application number or PAN.
Complete the captcha by ticking ‘I’m not a robot’ and click on Search.
Via NSE Website
Visit the NSE IPO application tracking page.
Then, click on ‘Equity and SME IPO Bid Details’.
Select ‘HDB Financial Services IPO ’ from the list.
Provide the details such as your application number and PAN.
Submit to view your allotment status.
Via the Registrar’s Website
Go to the official site of the registrar MUFG Intime.
Select ‘HDB Financial Services IPO’ from the dropdown.
Choose any of the following: PAN, Application Number, DP ID/Client ID, or Bank Account Number.
Fill in the necessary details and press Search to check your status.
HDB Financial Services IPO: Subscription snapshot
The HDB Financial Services IPO saw a huge response from investors. By the end of the bidding window, the overall subscription stood at 16.69 times.
Qualified Institutional Buyers (QIBs): 55.47 times
Non-Institutional Investors (NIIs): 9.99 times
Retail Investors: 5.72 times
HDB Financial Services IPO: Grey Market
The grey market premium (GMP) for HDB Financial Services IPO is currently around Rs 57, suggesting a likely listing price of Rs 797. This translates to a potential gain of around 7.7% from the upper end of the price band. However, GMP is unofficial and may not always reflect actual listing performance.
HDB Financial Services IPO: IPO details
The public issue of HDB Financial Services IPO was open for subscription from June 25 to JUne 27, with the company aiming to raise Rs 12,500 crore through the initial public offering. The price band for the issue was fixed between Rs 700 and Rs 750 per share.
The issue is being managed by Bnp Paribas, JM Financial, Bofa Securities, Goldman Sachs (India) Securities , Hsbc Securities & Capital Markets, IIFL Capital Services, Jefferies India , Morgan Stanley India Company, Motilal Oswal Investment Advisors, Nomura Financial Advisory And Securities , Nuvama Wealth Management, Ubs Securities India., while MUFG Intime is acting as the registrar. Once the allotment process is completed, the shares are scheduled to be listed on both NSE, BSE on July 2.