HDB Financial IPO GMP, Price Band, Open Date, HDFC Bank Board Approves Rs 10,000 Cr OFS

HDB Financial IPO GMP quotation is around Rs 221 per share. The lower and upper price band is expected to be around Rs 500 per share. The grey market premium quotation indicates huge interest of retail investors. After the release of the IPO issue date final GMP quote will be available. Recently, HDFC Bank Board approved Rs 10,000 crore OFS (Offer for sale) for its subsidiary HDB Financial Services. It indicates HDB IPO might hit Dalal Street in the last week of November 2024.

HDB Financial IPO open date is expected to be in the last week of November 2024. This new IPO is a book-built issue of Rs 12,500 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 2,500 crore and remaining is the offer for sale of Rs 10,000 crore.

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HDB Financial IPO GMP

HDB Financial IPO GMP quotation is around Rs 221 per share. You can check the latest GMP price from the first day of subscription. If the subscription got oversubscribed then HDB Financial IPO GMP might rise in the coming days.

HDB Financial IPO Price Band

HDB Financial IPO price band is expected to be above Rs 500 per share. However, the final price band is not yet released. The minimum amount of investment for the retail category is to be around Rs 14,850 and for small NII minimum investment is to be around Rs 2,01,000. The minimum investment for the Big NII is to be around Rs 10,01,000.

HDB Financial IPO Open Date, Close Date

HDB Financial IPO Open date and close date is expected to be near to 25 November to 29 November 2024. It is expected in the last week of November 2024. However, as of now the open and close date is not yet finalised.

HDB Financial IPO Allotment Status

HDB Financial IPO allotment status is expected to be finalised in the last week of November 2024. The listing will be on the BSE, NSE platform in the first week of December.

The registrar of this IPO is expected to be Link Intime India Private Limited or Kfin Technologies or Bigshare Services Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

HDB Financial IPO Listing Date

HDB Financial IPO listing date of the company’s listing date is expected to be in the first week of December 2024. The Listing will be on both the exchanges NSE and BSE. Retail investors can sell the shares after 10 AM on the listing day.

HDB Financial IPO: Listing Date, Lot Size, Price Band

HDB Financial Services Limited: About the Company

HDB Financial Services Limited is a leading Non-Banking Financial Indian Company that caters to the growing needs of a new India, serving both Individual & Business Clients. HDB Financial Services incorporated in 2007, a well-established business with strong capitalization. HDB is accredited with CARE AAA & CRISIL AAA ratings for its long-term debt & Bank facilities and an A1+ rating for its short-term debt & commercial papers, making it a strong and reliable financial institution.

HDB Financial Services offers a wide range of secured and unsecured loans to our customers. The company provides a one-stop-shop for all requirements, be it loans, investments or protection. HDB has quickly grown to have more than 1600 Branches spread across 27 States and 3 Union Territories.

HDB Financial IPO Objectives

HDB Financial IPO objective is to provide better financial services to its customers. The IPO fund will be used to provide loans and increase the business. However, Rs 10,000 will go directly to the selling shareholders. The remaining Rs 2,500 crore will be utilised to grow the business.

HDB Financial IPO: Key Dates, Allotment, Listing Date

HDB Financial IPO Subscription Details, IPO Reservation

HDB Financial IPO subscription details will be available after the IPO opens in the first week of November 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

HDB Financial IPO Lot Size Details

HDB Financial, IPO lot size, is set at (x) shares per lot. For retail, the minimum lot size is 1 lot, amounting to be around Rs 14,850, and the maximum is 13 lots, amounting to be around Rs 1,90,000. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,01,000.

HDB Financial IPO Promoter Holdings

HDB Financial IPO promoters are HDFC Bank Limited and other shareholders. The promoters' shareholdings before the IPO were x%; however, after the IPO, shareholdings will decline.

HDB Financial IPO Registrar

HDB Financial IPO registrar is expected to be Link Intime India Private Limited or Kfin Technologies Limited or Bigshare Services Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

HDB Financial IPO Lead Managers

HDB Financial IPO lead managers details are yet to be released. To check the Lead managers stay connected with the blog for further updates.

How to apply to HDB Financial IPO

Interested investors can apply to the HDB Financial IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

HDB Financial IPO Review

HDB Financial IPO may get a positive response from the general public. The company is involved in the financial services business. So, investors interested in the NBFC sector can apply to this IPO. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then HDB Financial IPO GMP will also rise.

HDB Financial IPO FAQ

 1. What are the details of the HDB Financial IPO?

HDB Financial IPO is a book-built issue of Rs 12,500 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 2,500 crore and remaining is the offer for sale of Rs 10,000 crore.

2. When will the HDB Financial IPO open and close?

HDB Financial IPO open date is expected to be in the last week of November 2024

The allotment is expected to be in the first week of December 2024.

3. What is HDB Financial IPO GMP?

HDB Financial IPO GMP quotation is around Rs 221 per share. You can check the latest GMP price from the first day of subscription. If the subscription got oversubscribed then HDB Financial IPO GMP might rise in the coming days

4. What are the details of HDB Financial IPO reservation?

HDB Financial IPO subscription details will be available after the IPO opens in the first week of November 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Net Institutional investors.

5. Write the details of the IPO Allotment Status?

 HDB Financial IPO allotment status is expected to be finalised in the last week of November 2024. The listing will be on the BSE, NSE platform in the first week of December.

The registrar of this IPO is expected to be Link Intime India Private Limited or Kfin Technologies or Bigshare Services Private Limited. Investors can check their allotment status after the subscription of the IPO ends

6. Who is the registrar and lead managers for HDB Financial IPO?

HDB Financial IPO registrar is expected to be Link Intime India Private Limited or Kfin Technologies Limited or Bigshare Services Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.The lead managers details are yet to be finalised.

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