HDB Financial Services‘ much-anticipated IPO is making headlines in the Indian capital markets. As part of HDFC Bank’s NBFC arm, the company is now entering public markets with a book-built issue size of INR 12,500 crore, priced in the range of INR 700 to INR 740 per share.
HDB Financial IPO allotment status is now available. The shares are expected to be credited to successful investors’ demat accounts by 1 July 2025, with listing on 2 July 2025 on the BSE and NSE.
IPO Subscription Summary
The IPO received decent interest, with total subscription at 16.69 times overall. Here’s the segment-wise breakup:
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 55.47x |
| Non-Institutional Investors (NIIs) | 9.99x |
| Retail Individual Investors (RIIs) | 1.41x |
| Employees | 5.72x |
| Shareholder | 4.26x |
Despite cautious investor sentiment, institutional demand remained strong. However, for retail investors, the real question is: What are the chances of allotment?
🧮 HDB Financial IPO Allotment Chances For Retailers: A Comparative View
To understand the probability of getting an allotment in the HDB IPO, it’s helpful to look at retail subscription levels in previous large IPOs and draw a comparison.
📌 What Are HDB Financial IPO Allotment Chances Among India’s Largest IPOs?
| Company | Issue Size (INR Cr.) | Retail Subscription | Estimated Allotment Chances |
|---|---|---|---|
| Hyundai Motor India | 27,858.75 | 0.50x | 10 out of 10 applicants (100%) |
| LIC | 20,557.23 | 1.99x | 5 to 6 out of 10 applicants |
| Paytm (One97 Comm.) | 18,300.00 | 1.66x | 6 out of 10 applicants |
| HDB Financial Services | 12,500.00 | 1.41x | 7 out of 10 applicants ✅ |
| Swiggy | 11,327.43 | 1.14x | 8 to 9 out of 10 applicants |
| SBI Cards | 10,340.79 | 2.5x | 4 or fewer out of 10 applicants |
| NTPC Green Energy | 10,000.00 | 3.44x | 3 or fewer out of 10 applicants |
🔍 Interpretation:
- HDB’s 1.41x retail subscription means the IPO was only moderately oversubscribed.
- This gives retail applicants a 70–75% chance of getting allotment, significantly better odds compared to other large IPOs like LIC or SBI Cards.
- In simple terms: “If 10 people applied, 7 are likely to get allotted shares.”
📆 Important Dates
| Event | Date |
|---|---|
| Allotment Finalization | 30 June 2025 |
| Credit to Demat | 1 July 2025 |
| Listing Date | 2 July 2025 |
🔍 How to Check HDB Financial IPO Allotment Status
Once the HDB Financial IPO allotment process is finalized, here are four ways to verify your status:
1️⃣ Registrar Website – MUFG Intime
Visit the official registrar’s website (MUFG Intime). You can check allotment status by entering any of the following:
- PAN number
- IPO Application Number
- Demat Account Number (NSDL/CDSL)
Registrar websites can be slow on allotment day, but MUFG Intime generally performs reliably.
2️⃣ BSE Website
Go to the BSE IPO Allotment Page. Enter:
- Issue Type (Equity)
- IPO Name (HDB Financial Services)
- Application Number
- PAN
The result shows your allotment status.
3️⃣ Bank Account Status
Check your bank account for:
- Debit of ₹14,800 (for one lot)
- Or release of the blocked amount, indicating non-allotment.
4️⃣ Credits in Demat Account
Check your demat holdings on 1 July 2025. Credited shares confirm successful allotment. Note: Sometimes, credit may appear on listing day itself.
✅ Final Verdict
While the IPO market has seen many blockbuster listings with sky-high demand, HDB Financial Services stands out as a large issue with favorable allotment odds for retail investors. The solid backing from HDFC Group and strong QIB interest add credibility, but the real win for small investors may simply be the higher probability of actually getting allotted shares — something rare in recent IPOs.
HDB Financial IPO Allotment FAQs
When is the HDB IPO allotment expected?
HDB Financial Services IPO allotment status is expected to be finalized on Monday, 30 June 2025, per the timeline provided in the IPO’s red herring prospectus (RHP).
When will the HDB Financial Services IPO get listed?
HDB Financial Services IPO is planned to list the shares on 2 July 2025, at BSE and NSE.
Where to check the HDB Financial IPO allotment status?
HDB Financial IPO allotment status is expected on 30 June 2025. Click the green button, HDB Financial Services IPO Allotment status above, to check the allotment. Note that the button remains disabled until the allotment is available online.