HDB Financial IPO Day 3: Institutions pile on the bets; Retail bids at 90%

HDB Financial IPO Day 3 Live Updates: Bidding has begun on the final day of the HDB Financial IPO, the non-bank lending unit of HDFC Bank, India's largest private lender. The ₹12,500 crore IPO, the largest so far in 2025, was fully subscribed during the second day of bidding led by non-institutional investors, existing shareholders of HDFC Bank and employees. Watch this space for all the live updates.

HDB Financial IPO Day 3 Live Updates: Bidding has begun on the final day of the HDB Financial IPO, the non-bank lending unit of HDFC Bank, India's largest private lender. The ₹12,500 crore IPO, the largest so far in 2025, was fully subscribed during the second day of bidding led by non-institutional investors, existing shareholders of HDFC Bank and employees. The acceleration towards full subscription was also hastened after the Qualified Institutional Bidders (QIBs) began to place bids after a quiet first day. The QIB portion has been fully subscribed with regards to the total shares on offer, while the retail portion has seen over 70% subscription. The overall subscription at the end of Day 2 stood at 1.16 times. Analysts maintained their "subscribe" recommendation on the issue, despite concerns over it being fully-priced in comparison to its peers. Watch this space for all the live updates on the final day of bidding.