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HDB Financial Services IPO Subscription Status

HDB Financial Services IPO was subscribed 17.65 times when bidding closed on 27 Jun 2025: QIB 58.64x, NII 10.55x, Retail 1.51x.

The HDB Financial Services IPO has been subscribed 17.65x times overall. Retail investors have shown interest with bids for 1.51x the shares available. The Non-Institutional Investor (NII) category has been subscribed 10.55x. Within NII, Big HNI (B-HNI) subscribed 12.44x and Small HNI (S-HNI) subscribed 6.79x. Qualified Institutional Buyers (QIBs) have subscribed 58.64x. Data last updated on 10 Nov, 01:05 AM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 25 Jun, 2025 and closes on 27 Jun, 2025. The shares are expected to list on stock exchanges on 02 Jul, 2025.

Full details Check GMP

Final subscription

17.65x

31,64,391 applications

Category-wise bids →

QIB

58.64x

Institutions · proportionate allotment

Why QIB matters →

NII / HNI

10.55x

bHNI 12.44x · sHNI 6.79x

HNI allotment odds →

Retail

1.51x

Lottery for 1 lot — about 2 out of 3 win

Retail allotment odds →

Shareholder

4.5x

Parent-company shareholder quota

Employee

6.03x

Employee reservation

Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated 10 Nov 2026, 1:05 AM IST Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Category	Offered	Applied	Amount (Cr)	Bid details	Times
QIB	-	-	-	- of - -	58.64x
NII	-	-	-	- of - -	10.55x
bHNI — bid amount above ₹10 Lakh		-	-	- -	12.44
sHNI — bid amount ₹2–10 Lakh		-	-	- -	6.79
Retail	-	-	-	- of - -	1.51x
Shareholder	-	-	-	- of - -	4.5x
Employee	-	-	-	- of - -	6.03x
TOTAL	-	-	-	- 31,64,391 applications -	17.65x

HDB Financial Services IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹740.

Applications

31,64,391

Allottees

27,06,151

Overall odds

4 out of 5

Amount collected

₹1,63,363 Cr

Category	AppsApplications	Shares Applied	Shares Allotted	GotAllottees	Odds
TOTAL 13.07x subscribed	31,64,391	2,20,76,19,166	16,89,18,917 13.07x subscribed	27,06,151	4 out of 54 out of 5

HDB Financial Services IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)

2 out of 3

~66.2% chance per PAN — based on 1.51x subscription. Winners get exactly 1 lot (₹14,800) by SEBI lottery, however many lots you bid.

Small HNI (₹2–10 L)

1 out of 7

~14.7% chance — based on 6.79x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.

Big HNI (above ₹10 L)

1 out of 12

~8% chance — based on 12.44x subscription. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.

QIB (institutions)

58.64x

Proportionate allotment — at 58.64x, institutions receive ~1.7% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 66.2% for a single lot.

Institutional Backing

Massive institutional interest with QIBs subscribing 58.64x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date	Total	QIB	BHNI	SHNI	Retail	Employee
27 Jun 2025 Day 3	17.65x	58.64x	12.44x	6.79x	1.51x	6.03x	▼
QIB58.64x BHNI12.44x SHNI6.79x Retail1.51x Employee6.03x
26 Jun 2025 Day 2	1.15x	0.9x	2.42x	1.96x	0.64x	-	▼
QIB0.9x BHNI2.42x SHNI1.96x Retail0.64x
25 Jun 2025 Day 1	0.37x	0.01x	0.79x	0.7x	0.3x	-	▼
QIB0.01x BHNI0.79x SHNI0.7x Retail0.3x

HDB Financial Services IPO dates

From the bidding window to listing. Today is 10 November.

Key dates Listed

Open 25 Jun 2025
Close 27 Jun 2025
Allotment 30 Jun 2025
Refund/credit 01 Jul 2025
Listing 02 Jul 2025

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

#	Anchor Investor	Group Entity	Shares Allotted	Amt (₹ cr.)	% Allocated	% of Issue
1	LIFE INSURANCE CORPORATION OF INDIA	LIFE INSURANCE CORP.OF INDIA	2972960	₹220.00 Cr	6.53%	1.76%
2	BAILLIE GIFFORD PACIFIC FUND A SUB FUND OF BAILLIE GIFFORD OVERSEAS GROWTH FUNDS ICVC	BAILLIE GIFFORD PACIFIC	1405400	₹104.00 Cr	3.09%	0.83%
3	GOVERNMENT PENSION FUND GLOBAL	GOVERNMENT PENSION FUND GLOBAL	1351340	₹100.00 Cr	2.97%	0.80%
4	ADITYA BIRLA SUN LIFE BANKING & FINANCIAL SERVICES FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	1276480	₹94.46 Cr	2.80%	0.76%
5	ICICI PRUDENTIAL BANKING AND FINANCIAL SERVICES FUND	ICICI PRUDENTIAL MUTUAL FUND	1216200	₹90.00 Cr	2.67%	0.72%
6	KOTAK ELSS TAX SAVER FUND	KOTAK MAHINDRA MUTUAL FUND	1173560	₹86.84 Cr	2.58%	0.69%
7	DSP MIDCAP FUND	DSP MUTUAL FUND	1151260	₹85.19 Cr	2.53%	0.68%
8	NIPPON INDIA SMALL CAP FUND	NIPPON INDIA MUTUAL FUND	1140960	₹84.43 Cr	2.51%	0.68%
9	ASHOKA WHITEOAK ICAV-ASHOKA WHITEOAK INDIA OPPORTUNITIES FUND	ASHOKA WHITEOAK	1098120	₹81.26 Cr	2.41%	0.65%
10	GOLDMAN SACHS FUNDS-GOLDMAN SACHS INDIA EQUITY PORTFOLIO	GOLDMAN SACHS	1013500	₹75.00 Cr	2.23%	0.60%
11	ABU DHABI INVESTMENT AUTHORITY-STABLE	ABU DHABI INVESTMENT	1013500	₹75.00 Cr	2.23%	0.60%
12	ICICI PRUDENTIAL LIFE INSURANCE CO.LTD.	ICICI PRUDENTIAL LIFE INSURANCE	1013500	₹75.00 Cr	2.23%	0.60%
13	CLSA GLOBAL MARKETS PTE. LTD- ODI	CLSA GLOBAL MARKETS	1013500	₹75.00 Cr	2.23%	0.60%
14	WINRO COMMERCIAL (INDIA) LTD	WINRO COMMERCIAL	1013500	₹75.00 Cr	2.23%	0.60%
15	SBI FLEXICAP FUND	SBI MUTUAL FUND	945940	₹70.00 Cr	2.08%	0.56%
16	SBI MULTICAP FUND	SBI MUTUAL FUND	945940	₹70.00 Cr	2.08%	0.56%
17	ICICI PRUDENTIAL MIDCAP FUND	ICICI PRUDENTIAL MUTUAL FUND	675680	₹50.00 Cr	1.48%	0.40%
18	FIDELITY INVESTMENT TRUST FIDELITY EMERGING ASIA FUND	FIDELITY	612600	₹45.33 Cr	1.35%	0.36%
19	ICICI PRUDENTIAL MULTICAP FUND	ICICI PRUDENTIAL MUTUAL FUND	540540	₹40.00 Cr	1.19%	0.32%
20	KOTAK BUSINESS CYCLE FUND	KOTAK MAHINDRA MUTUAL FUND	533420	₹39.47 Cr	1.17%	0.32%
21	SCHRODER INTERNATIONAL SELECTION FUND-EMERGING ASIA	SCHRODER	518960	₹38.40 Cr	1.14%	0.31%
22	NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA GROWTH FUND	NIPPON INDIA MUTUAL FUND	509780	₹37.72 Cr	1.12%	0.30%
23	AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MIDCAP FUND	AXIS MUTUAL FUND	506760	₹37.50 Cr	1.11%	0.30%
24	AXIS ELSS TAX SAVER FUND	AXIS MUTUAL FUND	506760	₹37.50 Cr	1.11%	0.30%
25	MIRAE ASSET BANKING AND FINANCIAL SERVICES FUND	MIRAE ASSET MUTUAL FUND	500000	₹37.00 Cr	1.10%	0.30%
26	NPS TRUST AC UTI PENSION FUND LIMITED SCHEME E TIER I	UTI NPS TRUST	500000	₹37.00 Cr	1.10%	0.30%
27	RBC ASIA PACIFIC EX- JAPAN EQUITY FUND	RBC ASIA PACIFIC	500000	₹37.00 Cr	1.10%	0.30%
28	MORGAN STANLEY INVESTMENT FUNDS EMERGING LEADERS EQUITY FUND	MORGAN STANLEY	500000	₹37.00 Cr	1.10%	0.30%
29	HSBC GLOBAL INVESTMENT FUNDS-INDIAN EQUITY	HSBC	500000	₹37.00 Cr	1.10%	0.30%
30	MOTILAL OSWAL LARGE CAP FUND	MOTILAL OSWAL MUTUAL FUND	500000	₹37.00 Cr	1.10%	0.30%
31	EAST BRIDGE CAPITAL MASTER FUND I LTD	EAST BRIDGE CAPITAL	500000	₹37.00 Cr	1.10%	0.30%
32	SOCIETE GENERALE-ODI	SOCIETE GENERAL	500000	₹37.00 Cr	1.10%	0.30%
33	SBI BANKING & FINANCIAL SERVICES FUND	SBI MUTUAL FUND	445940	₹33.00 Cr	0.98%	0.26%
34	CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO LARGE AND MID CAP FUND	CANARA ROBECO MUTUAL FUND	445000	₹32.93 Cr	0.98%	0.26%
35	TEMPLETON INDIA VALUE FUND	TEMPLETON	422760	₹31.28 Cr	0.93%	0.25%
36	SCHRODER INTERNATIONAL SELECTION FUND GLOBAL EMERGING MARKET OPPORTUNITIES	SCHRODER	411000	₹30.41 Cr	0.90%	0.24%
37	BLACKROCK STRATEGIC FUNDS - BLACKROCK EMERGING MARKETS EQUITY STRATEGIES FUND	BLACKROCK	408020	₹30.19 Cr	0.90%	0.24%
38	BLACKROCK GLOBAL FUNDS - INDIA FUND	BLACKROCK	405640	₹30.02 Cr	0.89%	0.24%
39	STICHTING DEPOSITARY APG EMERGING MARKETS EQUITY POOL	STICHTING DEPOSITARY APG	391480	₹28.97 Cr	0.86%	0.23%
40	BLACKROCK EMERGING FRONTIERS MASTER FUND LTD.	BLACKROCK	370900	₹27.45 Cr	0.81%	0.22%
41	JUPITER INDIA FUND	JUPITER	370460	₹27.41 Cr	0.81%	0.22%
42	PACIFIC HORIZON INVESTMENT TRUST PLC	PACIFIC HORIZON INVESTMENT	351340	₹26.00 Cr	0.77%	0.21%
43	UTI MIDCAP FUND	UTI MUTUAL FUND	341660	₹25.28 Cr	0.75%	0.20%
44	TATA BALANCED ADVANTAGE FUND	TATA MUTUAL FUND	337840	₹25.00 Cr	0.74%	0.20%
45	AXIS LARGE & MID CAP FUND	AXIS MUTUAL FUND	337820	₹25.00 Cr	0.74%	0.20%
46	KOTAK BANKING & FINANCIAL SERVICES FUND	KOTAK MAHINDRA MUTUAL FUND	320040	₹23.68 Cr	0.70%	0.19%
47	ALPS/KOTAK INDIA ESG FUND	ALPS/KOTAK INDIA ESG	310086	₹22.95 Cr	0.68%	0.18%
48	HSBC SMALL CAP FUND	HSBC MUTUAL FUND	309000	₹22.87 Cr	0.68%	0.18%
49	NATIONAL PENSION SERVICE MANAGED BY OAKTREE CAPITAL MANAGEMENT L P	NATIONAL PENSION SERVICE	282640	₹20.92 Cr	0.62%	0.17%
50	FRANKLIN INDIA EQUITY ADVANTAGE FUND	FRANKLIN TEMPLETON MUTUAL FUND	270560	₹20.02 Cr	0.59%	0.16%
51	ALLIANZ GLOBAL INVESTORS FUND-ALLIANZ INDIA EQUITY	ALLIANZ	266500	₹19.72 Cr	0.59%	0.16%
52	FIDELITY ADVISOR SERIES VIII - FIDELITY ADVISOR EMERGING ASIA FUND	FIDELITY	262600	₹19.43 Cr	0.58%	0.16%
53	ASHOKA WHITEOAK ICAV-ASHOKA WHITEOAK EMERGING MARKETS EQUITY FUND	ASHOKA WHITEOAK	253220	₹18.74 Cr	0.56%	0.15%
54	EASTSPRING INVESTMENTS-ASIA OPPORTUNITIES EQUITY FUND	EASTSPRING	250000	₹18.50 Cr	0.55%	0.15%
55	EASTSPRING INVESTMENTS - INDIA EQUITY FUND	EASTSPRING	250000	₹18.50 Cr	0.55%	0.15%
56	FRANKLIN INDIA ELSS TAX SAVER FUND	FRANKLIN TEMPLETON MUTUAL FUND	236760	₹17.52 Cr	0.52%	0.14%
57	PUBLIC SECTOR PENSION INVESTMENT BOARD - KOTAK MAHINDRA ASSET MANAGEMENT (SINGAPORE) PTE LTD	PUBLIC SECTOR PENSION INVESTMENT BOARD	230580	₹17.06 Cr	0.51%	0.14%
58	NPS TRUST- A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY)	SBI NPS TRUST	229720	₹17.00 Cr	0.50%	0.14%
59	AXIS MAX LIFE INSURANCE LTD.	AXIS MAX LIFE INSURANCE	229720	₹17.00 Cr	0.50%	0.14%
60	BANDHAN MULTI CAP FUND	BANDHAN MUTUAL FUND	229720	₹17.00 Cr	0.50%	0.14%
61	OAKTREE EMERGING MARKETS EQUITY FUND, L.P.	OAKTREE EMERGING MARKETS	217360	₹16.08 Cr	0.48%	0.13%
62	HSBC MIDCAP FUND	HSBC MUTUAL FUND	210100	₹15.55 Cr	0.46%	0.12%
63	DSP BANKING & FINANCIAL SERVICES FUND	DSP MUTUAL FUND	200080	₹14.81 Cr	0.44%	0.12%
64	SCHRODER INTERNATIONAL SELECTION FUND-INDIAN EQUITY	SCHRODER	174360	₹12.90 Cr	0.38%	0.10%
65	EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS FLEXI CAP FUND	EDELWEISS MUTUAL FUND	171620	₹12.70 Cr	0.38%	0.10%
66	NIPPON INDIA FLEXI CAP FUND	NIPPON INDIA MUTUAL FUND	169940	₹12.58 Cr	0.37%	0.10%
67	SBI OPTIMAL EQUITY FUND - LONG TERM	SBI MUTUAL FUND	162160	₹12.00 Cr	0.36%	0.10%
68	TATA BANKING & FINANCIAL SERVICES FUND	TATA MUTUAL FUND	162160	₹12.00 Cr	0.36%	0.10%
69	BLACKROCK GLOBAL FUNDS-EMERGING MARKETS FUND	BLACKROCK	144920	₹10.72 Cr	0.32%	0.09%
70	FIDELITY FAR EAST FUND	FIDELITY	138300	₹10.23 Cr	0.30%	0.08%
71	ICICI PRUDENTIAL MUTUAL FUND - ICICI PRUDENTIAL RURAL OPPORTUNITIES FUND	ICICI PRUDENTIAL MUTUAL FUND	135140	₹10.00 Cr	0.30%	0.08%
72	ICICI PRUDENTIAL QUALITY FUND	ICICI PRUDENTIAL MUTUAL FUND	135140	₹10.00 Cr	0.30%	0.08%
73	AMUNDI FUNDS SBI FM INDIA EQUITY	AMUNDI	135140	₹10.00 Cr	0.30%	0.08%
74	BAILLIE GIFFORD WORLDWIDE ASIA EX JAPAN FUND, A SUB FUND OF BAILLIE GIFFORD WORLDWIDE FUNDS PLC	BAILLIE GIFFORD WORLDWIDE	135140	₹10.00 Cr	0.30%	0.08%
75	NPS TRUST A/C - SBI PENSION FUNDS PVT. LTD. - NPS LITE SCHEME - GOVT. PATTERN	SBI NPS TRUST	135140	₹10.00 Cr	0.30%	0.08%
76	NPS TRUST- A/C SBI PENSION FUND SCHEME E - TIER II	SBI NPS TRUST	135140	₹10.00 Cr	0.30%	0.08%
77	KOTAK INFINITY FUND - CLASS AC	KOTAK MAHINDRA MUTUAL FUND	135140	₹10.00 Cr	0.30%	0.08%
78	AXIS MAX LIFE INSURANCE LIMITED A/C SUSTAINABLE EQUITY FUND - ULIF02505/10/21SUSTAINEQU104	AXIS MAX LIFE INSURANCE	135140	₹10.00 Cr	0.30%	0.08%
79	AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF00225/06/04LIFEBA LANC104 - BALANCED FUND	AXIS MAX LIFE INSURANCE	135140	₹10.00 Cr	0.30%	0.08%
80	ARMY GROUP INSURANCE FUND	ARMY GROUP INSURANCE	135140	₹10.00 Cr	0.30%	0.08%
81	EDELWEISS LARGE CAP FUND	EDELWEISS MUTUAL FUND	135140	₹10.00 Cr	0.30%	0.08%
82	BANDHAN FINANCIAL SERVICES FUND	BANDHAN MUTUAL FUND	135140	₹10.00 Cr	0.30%	0.08%
83	BANDHAN MULTI ASSET ALLOCATION FUND	BANDHAN MUTUAL FUND	135140	₹10.00 Cr	0.30%	0.08%
84	SUNDARAM FINANCIAL SERVICES OPPORTUNITIES FUND	SUNDARAM MUTUAL FUND	135140	₹10.00 Cr	0.30%	0.08%
85	BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD.	BAJAJ ALLIANZ LIFE	135140	₹10.00 Cr	0.30%	0.08%
86	ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED	ADITYA BIRLA SUN LIFE INSURANCE	135140	₹10.00 Cr	0.30%	0.08%
87	BARODA BNP PARIBAS SMALL CAP FUND	BARODA BNP PARIBAS MUTUAL FUND	135140	₹10.00 Cr	0.30%	0.08%
88	BANK OF INDIA BUSINESS CYCLE FUND	BANK OF INDIA MUTUAL FUND	135140	₹10.00 Cr	0.30%	0.08%
89	JM MIDCAP FUND	JM FINANCIAL MUTUAL FUND	135140	₹10.00 Cr	0.30%	0.08%
90	AMUNDI FUNDS NEW SILK ROAD	AMUNDI	135140	₹10.00 Cr	0.30%	0.08%
91	MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND	MIRAE ASSET MUTUAL FUND	135140	₹10.00 Cr	0.30%	0.08%
92	COPTHALL MAURITIUS INVESTMENT LTD.-ODI ACCOUNT	COPTHALL	135140	₹10.00 Cr	0.30%	0.08%
93	MATTHEWS INDIA FUND	MATTHEWS	135140	₹10.00 Cr	0.30%	0.08%
94	TATA INVESTMENT CORPORATION LIMITED	TATA	135140	₹10.00 Cr	0.30%	0.08%
95	FLORIDA RETIREMENT SYSTEM-ALLSPRING GLOBAL INVESTMENTS,LLC (EMSC)	FLORIDA RETIREMENT SYSTEM	135140	₹10.00 Cr	0.30%	0.08%
96	KOTAK MAHINDRA LIFE INSURANCE CO.LTD.	KOTAK LIFE INSURANCE	135140	₹10.00 Cr	0.30%	0.08%
97	BCAD FUND	BCAD	135140	₹10.00 Cr	0.30%	0.08%
98	ARP PUBLIC OPPORTUNITIES MASTER FUND LIMITED	ARP PUBLIC OPPORTUNITIES	135140	₹10.00 Cr	0.30%	0.08%
99	THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT	THE JUPITER GLOBAL	129540	₹9.59 Cr	0.28%	0.08%
100	HSBC FOCUSED FUND	HSBC MUTUAL FUND	123600	₹9.15 Cr	0.27%	0.07%
101	BAJAJ FINSERV BALANCED ADVANTAGE FUND	BAJAJ FINSERV MUTUAL FUND	121640	₹9.00 Cr	0.27%	0.07%
102	TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC	TEMPLETON	110360	₹8.17 Cr	0.24%	0.07%
103	SCHRODER INTERNATIONAL SELECTION FUND-BIC (BRAZIL, INDIA, CHINA)	SCHRODER	99640	₹7.37 Cr	0.22%	0.06%
104	HSBC VALUE FUND	HSBC MUTUAL FUND	98880	₹7.32 Cr	0.22%	0.06%
105	ALLIANZ GLOBAL INVESTORS FUND- ALLIANZ ASIAN MULTI INCOME PLUS	ALLIANZ	86620	₹6.41 Cr	0.19%	0.05%
106	BEST INVESTMENT CORPORATION MANAGED BY BLACKROCK ASSET MANAGEMENT NORTH ASIA LIMITED	BEST INVESTMENT CORPORATION	85720	₹6.34 Cr	0.19%	0.05%
107	BLACKROCK GLOBAL FUNDS-ASIAN DRAGON FUND	BLACKROCK	85200	₹6.30 Cr	0.19%	0.05%
108	NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MULTI ASSET ALLOCATION FUND	NIPPON INDIA MUTUAL FUND	84960	₹6.29 Cr	0.19%	0.05%
109	ALLIANZ GLOBAL INVESTORS FUND - ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY	ALLIANZ	79300	₹5.87 Cr	0.17%	0.05%
110	BONITAS POOLED INVESTMENT FUND SERIES-DYNAMIC ASIAN EQUITY FUND	BONITAS	76800	₹5.68 Cr	0.17%	0.05%
111	UTI BALANCED ADVANTAGE FUND	UTI MUTUAL FUND	75000	₹5.55 Cr	0.16%	0.04%
112	SCHRODER INTERNATIONAL SELECTION FUND-SUSTAINABLE ASIAN EQUITY	SCHRODER	70580	₹5.22 Cr	0.16%	0.04%
113	SBI INVESTMENT OPPORTUNITIES FUND (IFSC)	SBI MUTUAL FUND	67580	₹5.00 Cr	0.15%	0.04%
114	ALLIANZ GLOBAL INVESTORS FUND - ALLIANZ ASIA EX CHINA EQUITY	ALLIANZ	67580	₹5.00 Cr	0.15%	0.04%
115	TEMPLETON INTERNATIONAL EMERGING MARKETS FUND	TEMPLETON	67580	₹5.00 Cr	0.15%	0.04%
116	FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST-TEMPLETON DEVELOPING MARKETS VIP FUND	FRANKLIN TEMPLETON	67580	₹5.00 Cr	0.15%	0.04%
117	TEMPLETON EMERGING MARKETS FUND	TEMPLETON	67580	₹5.00 Cr	0.15%	0.04%
118	TEMPLETON DEVELOPING MARKETS TRUST	TEMPLETON	67580	₹5.00 Cr	0.15%	0.04%
119	FRANKLIN TEMPLETON INVESTMENT FUNDS-TEMPLETON BIC FUND	FRANKLIN TEMPLETON	67580	₹5.00 Cr	0.15%	0.04%
120	FRANKLIN TEMPLETON INVESTMENT FUNDS-TEMPLETON EMERGING MARKETS FUND	FRANKLIN TEMPLETON	67580	₹5.00 Cr	0.15%	0.04%
121	IPROFILE EMERGING MARKETS PRIVATE POOL MANAGED BY FRANKLIN TEMPLETON INVESTMENTS	IPROFILE	67580	₹5.00 Cr	0.15%	0.04%
122	LIC MF BALANCED ADVANTAGE FUND	LIC MUTUAL FUND	67580	₹5.00 Cr	0.15%	0.04%
123	EDELWEISS RECENTLY LISTED IPO FUND	EDELWEISS MUTUAL FUND	67560	₹5.00 Cr	0.15%	0.04%
124	LIC MF MID CAP FUND	LIC MUTUAL FUND	67560	₹5.00 Cr	0.15%	0.04%
125	NIPPON INDIA BANKING & FINANCIAL SERVICES FUND	NIPPON INDIA MUTUAL FUND	66760	₹4.94 Cr	0.15%	0.04%
126	HSBC FLEXI CAP FUND	HSBC MUTUAL FUND	61800	₹4.57 Cr	0.14%	0.04%
127	HSBC INDIA EXPORT OPPORTUNITIES FUND	HSBC MUTUAL FUND	61800	₹4.57 Cr	0.14%	0.04%
128	HSBC FINANCIAL SERVICES FUND	HSBC MUTUAL FUND	61800	₹4.57 Cr	0.14%	0.04%
129	CANARA ROBECO MULTI CAP FUND	CANARA ROBECO MUTUAL FUND	55000	₹4.07 Cr	0.12%	0.03%
130	NIPPON INDIA VALUE FUND	NIPPON INDIA MUTUAL FUND	54620	₹4.04 Cr	0.12%	0.03%
131	HSBC MULTI CAP FUND	HSBC MUTUAL FUND	49440	₹3.66 Cr	0.11%	0.03%
132	EDELWEISS EQUITY SAVINGS FUND	EDELWEISS MUTUAL FUND	47300	₹3.50 Cr	0.10%	0.03%
133	UTI BANKING & FINANCIAL SERVICES FUND	UTI MUTUAL FUND	41660	₹3.08 Cr	0.09%	0.02%
134	EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC-EDELWEISS SMALL CAP FUND	EDELWEISS MUTUAL FUND	40540	₹3.00 Cr	0.09%	0.02%
135	ADITYA BIRLA SUN LIFE EQUITY SAVINGS FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	40500	₹3.00 Cr	0.09%	0.02%
136	HSBC LARGE & MID CAP FUND	HSBC MUTUAL FUND	37080	₹2.74 Cr	0.08%	0.02%
137	ADITYA BIRLA SUN LIFE RETIREMENT FUND-THE 30S PLAN	ADITYA BIRLA SUN LIFE MUTUAL FUND	34360	₹2.54 Cr	0.08%	0.02%
138	EDELWEISS LARGE & MID CAP FUND	EDELWEISS MUTUAL FUND	33780	₹2.50 Cr	0.07%	0.02%
139	UTI MULTI CAP FUND	UTI MUTUAL FUND	30000	₹2.22 Cr	0.07%	0.02%
140	UTI-INDIA CONSUMER FUND	UTI MUTUAL FUND	11680	₹0.86 Cr	0.03%	0.01%
141	EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS ELSS TAX SAVER FUND	EDELWEISS MUTUAL FUND	4060	₹0.30 Cr	0.01%	0.00%
	TOTAL		45,527,026	₹3,368.94 Cr	100.16%

View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of HDB Financial Services IPO?

As of IPO close date (27 Jun, 2025), the HDB Financial Services IPO is subscribed 17.65x times. Retail category is 1.51x, and NII is 10.55x subscribed.

When is the allotment date for HDB Financial Services IPO?

The allotment for HDB Financial Services IPO is expected to be finalized on 30 June, 2025.

What is the GMP of HDB Financial Services?

The Grey Market Premium (GMP) for HDB Financial Services is currently ₹70, indicating a potential listing gain of 9%.

When will HDB Financial Services IPO list on the stock market?

HDB Financial Services is scheduled to list on BSE and NSE on 02 July, 2025.

What are the chances of getting allotment in HDB Financial Services IPO?

The retail category is oversubscribed at 1.51x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 58.64x mean for HDB Financial Services IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 58.64x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check HDB Financial Services IPO allotment status?

After the allotment date (30 Jun, 2025), you can check your HDB Financial Services IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Explore HDB Financial Services IPO further

Track every stage of this IPO, from subscription to listing.

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IPO details

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₹700 to ₹740

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GMP today

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GMP ₹70 (9%)

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Allotment status

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Allotment out · 30 Jun

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total

17.65x

QIB

58.64x

NII

10.55x

bHNI

12.44x

sHNI

6.79x

Retail

1.51x

Full IPO details