HDB Financial IPO Day 2 Live Updates: Overall subscription reaches 75% led by NIIs, retail

HDB Financial IPO Live Updates: The second day of HDB Financial Services' ₹12,500 crore Initial Public Offer (IPO) has seen the portion reserved for non-institutional investors (NII) being fully subscribed. The overall issue has been subscribed 75% so far, with the portion earmarked for retail investors seeing a subscription of close to 53%. Watch this space for all the live updates.

HDB Financial IPO Live Updates: The second day of HDB Financial Services' ₹12,500 crore Initial Public Offer (IPO) has seen the portion reserved for non-institutional investors (NII) being fully subscribed. The overall issue has been subscribed 75% so far, with the portion earmarked for retail investors seeing a subscription of close to 53%. For an IPO that size, the first day saw decent subscription figures across categories, barring the institutional investors, who generally begin to place bids on the second and final day of the IPO. The portion reserved for existing employees of HDB Financial has received 2.54 times subscription in comparison to the shares on offer, while those for existing shareholders of HDFC Bank is also fully subscribed. Most of the analysts who have given their views on the IPO, have a subscribe rating for the issue, while some of them have advised investors to subscribe for a medium-to-long-term horizon. Watch this space for all the live updates.