HDB Financial Services IPO Allotment GMP Listing : HDB Financial Services’ ₹12,500 crore IPO was a huge hit. The issue received an outstanding response from investors in the primary market. On the final day, the IPO was subscribed 16.69 times overall. There was especially strong demand from QIBs (Qualified Institutional Buyers), HNIs (High Net-worth Individuals), and HDFC Bank shareholders.
Now that all the primary market activities are complete, investors are eagerly waiting for the company’s listing. Investors are focusing on the share allotment for the IPO, which will be announced in the coming days. If you applied for this IPO, you can easily check your allotment status online from home.
How to check IPO allotment on the BSE website?
- Open the BSE website: https://www.bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ under ‘Issue Type’.
- Choose ‘HDB Financial Services Ltd’ under ‘Issue Name’.
- Enter your Application Number or PAN number.
- Fill in the CAPTCHA and click on ‘I’m not a robot’.
- Finally, click the ‘Search’ button.
If shares have been allotted, you will see the number of shares allotted and the amount debited. If you didn’t get any shares, it will say “No allotment.” Besides this, there are other ways to check your allotment status as well.
Via the Registrar’s website
- You can also check the allotment status on the IPO registrar’s website, such as KFin Technologies or Link Intime.
- Broker platforms: Apps or websites of brokers like Zerodha, Groww, Upstox, and ICICI Direct will also provide updates.
- SMS/Email: If you applied via UPI or ASBA, you will receive allotment details through SMS or email.
What happens after allotment?
After allotment, if shares have been allotted, they will be credited to your Demat account before the listing. If you did not receive shares, the blocked amount in your bank account will be refunded.
What is the GMP and the listing date?
Shares are expected to be listed on NSE and BSE on July 2. Refunds will start from July 1 for those who did not get shares. Talking about the grey market, as of today, Sunday, June 29, HDB Financial’s GMP signals a 7.70% listing gain. This means the IPO could list at ₹797 per share, which is ₹57 above the fixed price band of ₹740. This implies that IPO investors could make a profit of ₹57 per share right at listing.
About the company
HDB Financial Services is an NBFC providing secured and unsecured retail loans and BPO services. It is a subsidiary of HDFC Bank and offers financial services in semi-urban and urban areas across India. This IPO will not only aid the company’s expansion but could also be a good opportunity for investors. The issue includes both Offer for Sale (OFS) and fresh issue shares. Through OFS, the company aims to raise ₹10,000 crore, while it seeks to raise ₹2,500 crore via the fresh issue.
Disclaimer: This article is just for information. It should not be treated as investment advice in any way. Investing in the stock market is based on risk. Be sure to consult your financial advisor before investing in the stock market.
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