At the close of bidding on the final day last Friday, the issue saw overall subscription of 16.69 times, led mainly by institutional and non-institutional investors.
The mainboard issue, which opened on June 25, received bids for 217.7 crore shares against 13.04 shares on offer, as per the NSE data.
The Qualified Institutional Buyers (QIBs) booked their category 55.47 time, while the retail portion was subscribed 1.5 times, at the end of bidding at 5 PM on the last day. The Non-Institutional Investors (NIIs) subscribed their quota 10 times. The employees’ category was subscribed 5.72 times.
The IPO was a combination of a fresh issue of shares worth ₹2,500 crore, and an offer-for-sale (OFS) component from its parent company HDFC Bank, worth ₹10,000 crore.
HDB Financial Services plans to use the net proceeds from the IPO for the augmentation of the company’s Tier – I capital base in order to meet its future capital requirements, which include onward lending under the company’s business verticals, like enterprise lending, asset finance and consumer finance.
The investors, who bid for the IPO shares, can check the allotment status online via the BSE, NSE and the official website of the issue registrar, MUFG Intime India Pvt Ltd (earlier Link Intime).
Steps to check HDB Financial Services IPO share allotment on BSE
· Visit the IPO allotment page on the BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
· Select ‘Equity’ as the issue type
· Choose HDB Financial Services Ltd. from the dropdown menu for issue names
· Enter your application number or PAN to proceed
· Click on ‘Search’ to view share allotment status
Steps to check IPO allotment status on MUFG Intime India
· Visit the IPO allotment status page on the MUFG Intime India website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
· From the dropdown menu, select ‘HDB Financial Services Ltd’
· Select any one of the PAN, Application Number, DP/Client ID, or Account Number/IFSC to view your allotment status
· Enter the required details
· Click on ‘Submit’ to check the allotment status
The IPO allotment status can also be checked on the NSE website using the PAN and Application Number.
The company is scheduled to initiate credit of shares to the Demat accounts of successful bidders on Tuesday, July 1. Refunds for non-allottees will also be processed on the same day.
Shares of HDB Financial Services Ltd are scheduled to be listed on the NSE and BSE on Wednesday, July 2.
About HDB Financial Services Ltd, incorporated in 2007, is the leading non-banking financial company (NBFC) of the HDFC Bank. The NBFC is focused on retail lending. It offers personal loans, auto loans, business loans, gold loans and other financing services.
