June 25, 2025 - June 27, 2025

HDB Financial IPO Subscription Details

IPO Detail

HDB Financial IPO Anchor Investor Allocation

A total of 4,55,27,026 shares at a price of Rs 740 per share will be allotted to the anchor investors.

Anchor investors bid opening date	Jun 24, 2025
Anchor investor price	Rs.740.00
Anchor investors as % of QIBs	60.00%
No. of shares locked-in for 30 days	2,27,63,513
No. of shares locked-in for 90 days	2,27,63,513

S.No.	Anchor Investor	No. of Shares Allotted	Amount (Rs.cr.)	% Allotment within Anchor Investor Portion	% Allotment of Issue
1	LIFE INSURANCE CORP.OF INDIA	29,72,960	220.00	6.53	1.76
2	ICICI PRUDENTIAL MUTUAL FUND	25,67,560	190.00	5.64	1.52
2A.	ICICI PRUDENTIAL BANKING & FINANCIAL SERVICES FUND	12,16,200	90.00	2.67	0.72
2B.	ICICI PRUDENTIAL MIDCAP FUND	6,75,680	50.00	1.48	0.40
2C.	ICICI PRUDENTIAL MULTICAP FUND	5,40,540	40.00	1.19	0.32
2D.	ICICI PRUDENTIAL RURAL OPPORTUNITIES FUND	1,35,140	10.00	0.30	0.08

3	SBI MUTUAL FUND	23,37,820	173.00	5.14	1.38
3A.	SBI BANKING & FINANCIAL SERVICES FUND	4,45,940	33.00	0.98	0.26
3B.	SBI FLEXICAP FUND	9,45,940	70.00	2.08	0.56
3C.	SBI MULTICAP FUND	9,45,940	70.00	2.08	0.56

4	KOTAK MAHINDRA MUTUAL FUND	20,27,020	150.00	4.45	1.20
4A.	KOTAK BANKING & FINANCIAL SERVICES FUND	3,20,040	23.68	0.70	0.19
4B.	KOTAK BUSINESS CYCLE FUND	5,33,420	39.47	1.17	0.32
4C.	KOTAK ELSS TAX SAVER FUND	11,73,560	86.84	2.58	0.69

5	NIPPON INDIA MUTUAL FUND	20,27,020	150.00	4.45	1.20
5A.	NIPPON INDIA BANKING & FINANCIAL SERVICES FUND	66,760	4.94	0.15	0.04
5B.	NIPPON INDIA FLEXI CAP FUND	1,69,940	12.58	0.37	0.10
5C.	NIPPON INDIA GROWTH MID CAP FUND	5,09,780	37.72	1.12	0.30
5D.	NIPPON INDIA MULTI ASSET ALLOCATION FUND	84,960	6.29	0.19	0.05
5E.	NIPPON INDIA SMALL CAP FUND	11,40,960	84.43	2.51	0.68
5F.	NIPPON INDIA VALUE FUND	54,620	4.04	0.12	0.03

6	BAILLIE GIFFORD GLOBAL DISCOVERY FUND A SUB FUND OF BAILLIE GIFFORD OVERSEAS GROWTH FUNDS ICVC	14,05,400	104.00	3.09	0.83
7	ADITYA BIRLA SUN LIFE MUTUAL FUND	13,51,340	100.00	2.97	0.80
7A.	ADITYA BIRLA SUN LIFE BANKING & FINANCIAL SERVICES FUND	12,76,480	94.46	2.80	0.76
7B.	ADITYA BIRLA SUN LIFE EQUITY SAVINGS FUND	40,500	3.00	0.09	0.02
7C.	ADITYA BIRLA SUN LIFE RETIREMENT FUND-THE 30S PLAN	34,360	2.54	0.08	0.02

8	AXIS MUTUAL FUND	13,51,340	100.00	2.97	0.80
8A.	AXIS ELSS TAX SAVER FUND	5,06,760	37.50	1.11	0.30
8B.	AXIS LARGE & MID CAP FUND	3,37,820	25.00	0.74	0.20
8C.	AXIS MIDCAP FUND	5,06,760	37.50	1.11	0.30

9	DSP MUTUAL FUND	13,51,340	100.00	2.97	0.80
9A.	DSP BANKING & FINANCIAL SERVICES FUND	2,00,080	14.81	0.44	0.12
9B.	DSP MID CAP FUND	11,51,260	85.19	2.53	0.68

10	GOVERNMENT PENSION FUND GLOBAL	13,51,340	100.00	2.97	0.80
11	ASHOKA WHITEOAK ICAV-ASHOKA WHITEOAK INDIA OPPORTUNITIES FUND	10,98,120	81.26	2.41	0.65
12	ABU DHABI INVESTMENT AUTHORITY-STABLE	10,13,500	75.00	2.23	0.60
13	CLSA GLOBAL MARKETS PTE.LTD.-ODI	10,13,500	75.00	2.23	0.60
14	GOLDMAN SACHS FUNDS-GOLDMAN SACHS INDIA EQUITY PORTFOLIO	10,13,500	75.00	2.23	0.60
15	HSBC MUTUAL FUND	10,13,500	75.00	2.23	0.60
15A.	HSBC FINANCIAL SERVICES FUND	61,800	4.57	0.14	0.04
15B.	HSBC FLEXI CAP FUND	61,800	4.57	0.14	0.04
15C.	HSBC FOCUSED FUND	1,23,600	9.15	0.27	0.07
15D.	HSBC INDIA EXPORT OPPORTUNITIES FUND	61,800	4.57	0.14	0.04
15E.	HSBC LARGE & MID CAP FUND	37,080	2.74	0.08	0.02
15F.	HSBC MID CAP FUND	2,10,100	15.55	0.46	0.12
15G.	HSBC MULTI CAP FUND	49,440	3.66	0.11	0.03
15H.	HSBC SMALL CAP FUND	3,09,000	22.87	0.68	0.18
15I.	HSBC VALUE FUND	98,880	7.32	0.22	0.06

16	ICICI PRUDENTIAL LIFE INSURANCE CO.LTD.	10,13,500	75.00	2.23	0.60
17	WINRO COMMERCIAL (INDIA) LTD.	10,13,500	75.00	2.23	0.60
18	FIDELITY ADVISOR SERIES VIII: FIDELITY ADVISOR EMERGING ASIA FUND	8,75,200	64.76	1.92	0.52
19	FRANKLIN TEMPLETON MUTUAL FUND	6,59,520	48.80	1.45	0.39
19A.	FRANKLIN INDIA ELSS TAX SAVER FUND	2,36,760	17.52	0.52	0.14
19B.	TEMPLETON INDIA VALUE FUND	4,22,760	31.28	0.93	0.25

20	SCHRODER INTERNATIONAL SELECTION FUND-EMERGING ASIA	5,18,960	38.40	1.14	0.31
21	BANDHAN MUTUAL FUND	5,00,000	37.00	1.10	0.30
21A.	BANDHAN FINANCIAL SERVICES FUND	1,35,140	10.00	0.30	0.08
21B.	BANDHAN MULTI ASSET ALLOCATION FUND	1,35,140	10.00	0.30	0.08
21C.	BANDHAN MULTI CAP FUND	2,29,720	17.00	0.50	0.14

22	CANARA ROBECO MUTUAL FUND	5,00,000	37.00	1.10	0.30
22A.	CANARA ROBECO LARGE & MID CAP FUND	4,45,000	32.93	0.98	0.26
22B.	CANARA ROBECO MULTI CAP FUND	55,000	4.07	0.12	0.03

23	EAST BRIDGE CAPITAL MASTER FUND I LTD.	5,00,000	37.00	1.10	0.30
24	EDELWEISS MUTUAL FUND	5,00,000	37.00	1.10	0.30
24A.	EDELWEISS ELSS TAX SAVER FUND	4,060	0.30	0.01	0.00
24B.	EDELWEISS EQUITY SAVINGS FUND	47,300	3.50	0.10	0.03
24C.	EDELWEISS LARGE & MID CAP FUND	33,780	2.50	0.07	0.02
24D.	EDELWEISS LARGE CAP FUND	1,35,140	10.00	0.30	0.08
24E.	EDELWEISS MID CAP FUND	1,71,620	12.70	0.38	0.10
24F.	EDELWEISS RECENTLY LISTED IPO FUND	67,560	5.00	0.15	0.04
24G.	EDELWEISS SMALL CAP FUND	40,540	3.00	0.09	0.02

25	HSBC GLOBAL INVESTMENT FUNDS-INDIAN EQUITY	5,00,000	37.00	1.10	0.30
26	MIRAE ASSET MUTUAL FUND	5,00,000	37.00	1.10	0.30
27	MORGAN STANLEY INVESTMENT FUNDS EMERGING LEADERS EQUITY FUND	5,00,000	37.00	1.10	0.30
28	MOTILAL OSWAL MUTUAL FUND	5,00,000	37.00	1.10	0.30
29	RBC ASIA PACIFIC EX-JAPAN EQUITY FUND	5,00,000	37.00	1.10	0.30
30	SOCIETE GENERALE-ODI	5,00,000	37.00	1.10	0.30
31	TATA MUTUAL FUND	5,00,000	37.00	1.10	0.30
31A.	TATA BALANCED ADVANTAGE FUND	3,37,840	25.00	0.74	0.20
31B.	TATA BANKING & FINANCIAL SERVICES FUND	1,62,160	12.00	0.36	0.10

32	UTI NPS TRUST-UTI PENSION FUND SCHEME-E TIER I	5,00,000	37.00	1.10	0.30
33	UTI MUTUAL FUND	4,70,000	34.78	1.03	0.28
33A.	UTI BALANCED ADVANTAGE FUND	75,000	5.55	0.16	0.04
33B.	UTI BANKING & FINANCIAL SERVICES FUND	41,660	3.08	0.09	0.02
33C.	UTI INDIA CONSUMER FUND	11,680	0.86	0.03	0.01
33D.	UTI MIDCAP FUND	3,41,660	25.28	0.75	0.20

34	BLACKROCK STRATEGIC FUNDS-BLACKROCK EMERGING MARKETS EQUITY STRATEGIES FUND	4,08,020	30.19	0.90	0.24
35	SCHRODER INTERNATIONAL SELECTION FUND-GLOBAL EMERGING MARKET OPPORTUNITIES	4,11,000	30.41	0.90	0.24
36	BLACKROCK GLOBAL FUNDS-INDIA FUND	4,05,640	30.02	0.89	0.24
37	STICHTING DEPOSITARY APG EMERGING MARKETS EQUITY POOL	3,91,480	28.97	0.86	0.23
38	BLACKROCK EMERGING FRONTIERS MASTER FUND LTD.	3,70,900	27.45	0.81	0.22
39	JUPITER INDIA FUND	3,70,460	27.41	0.81	0.22
40	PACIFIC HORIZON INVESTMENT TRUST PLC	3,51,340	26.00	0.77	0.21
41	ALPS/KOTAK INDIA ESG FUND	3,10,086	22.95	0.68	0.18
42	NATIONAL PENSION SERVICE MANAGED BY OAKTREE CAPITAL MANAGEMENT,LP	2,82,640	20.92	0.62	0.17
43	ALLIANZ GLOBAL INVESTORS FUND-ALLIANZ INDIA EQUITY	2,66,500	19.72	0.59	0.16
44	FRANKLIN INDIA EQUITY ADVANTAGE FUND	2,70,560	20.02	0.59	0.16
45	ASHOKA WHITEOAK ICAV-ASHOKA WHITEOAK EMERGING MARKETS EQUITY FUND	2,53,220	18.74	0.56	0.15
46	EASTSPRING INVESTMENTS-ASIA OPPORTUNITIES EQUITY FUND	2,50,000	18.50	0.55	0.15
47	EASTSPRING INVESTMENTS-INDIA EQUITY FUND	2,50,000	18.50	0.55	0.15
48	PUBLIC SECTOR PENSION INVESTMENT BOARD-KOTAK MAHINDRA ASSET MANAGEMENT (SINGAPORE) PTE.LTD.	2,30,580	17.06	0.51	0.14
49	AXIS MAX LIFE INSURANCE LTD.	2,29,720	17.00	0.50	0.14
50	SBI NPS TRUST-SBI PENSION FUND SCHEME-ATAL PENSION YOJANA (APY)	2,29,720	17.00	0.50	0.14
51	OAKTREE EMERGING MARKETS EQUITY FUND,LP	2,17,360	16.08	0.48	0.13
52	SCHRODER INTERNATIONAL SELECTION FUND-INDIAN EQUITY	1,74,360	12.90	0.38	0.10
53	SBI OPTIMAL EQUITY FUND-LONG TERM	1,62,160	12.00	0.36	0.10
54	BLACKROCK GLOBAL FUNDS-EMERGING MARKETS FUND	1,44,920	10.72	0.32	0.09
55	ADITYA BIRLA SUN LIFE INSURANCE CO.LTD.	1,35,140	10.00	0.30	0.08
56	AMUNDI FUNDS NEW SILK ROAD	1,35,140	10.00	0.30	0.08
57	AMUNDI FUNDS SBI FM INDIA EQUITY	1,35,140	10.00	0.30	0.08
58	ARMY GROUP INSURANCE FUND,THE	1,35,140	10.00	0.30	0.08
59	ARP PUBLIC OPPORTUNITIES MASTER FUND LTD.	1,35,140	10.00	0.30	0.08
60	AXIS MAX LIFE INSURANCE LTD.-SUSTAINABLE EQUITY FUND-ULIF02505/10/21 SUSTAINEQU104	1,35,140	10.00	0.30	0.08
61	AXIS MAX LIFE INSURANCE LTD.-ULIF00225/06/04 LIFEBALANC 104-BALANCED FUND	1,35,140	10.00	0.30	0.08
62	BAILLIE GIFFORD WORLDWIDE ASIA EX JAPAN FUND,A SUB FUND OF BAILLIE GIFFORD WORLDWIDE FUNDS PLC	1,35,140	10.00	0.30	0.08
63	BAJAJ ALLIANZ LIFE INSURANCE CO.LTD.	1,35,140	10.00	0.30	0.08
64	BANK OF INDIA MUTUAL FUND	1,35,140	10.00	0.30	0.08
65	BARODA BNP PARIBAS MUTUAL FUND	1,35,140	10.00	0.30	0.08
66	BCAD FUND	1,35,140	10.00	0.30	0.08
67	COPTHALL MAURITIUS INVESTMENT LTD.	1,35,140	10.00	0.30	0.08
68	FIDELITY FAR EAST FUND	1,38,300	10.23	0.30	0.08
69	FLORIDA RETIREMENT SYSTEM-ALLSPRING GLOBAL INVESTMENTS,LLC (EMSC)	1,35,140	10.00	0.30	0.08
70	ICICI PRUDENTIAL QUALITY FUND	1,35,140	10.00	0.30	0.08
71	JM FINANCIAL MUTUAL FUND	1,35,140	10.00	0.30	0.08
72	KOTAK INFINITY FUND-CLASS AC	1,35,140	10.00	0.30	0.08
73	KOTAK MAHINDRA LIFE INSURANCE CO.LTD.	1,35,140	10.00	0.30	0.08
74	LIC MUTUAL FUND	1,35,140	10.00	0.30	0.08
74A.	LIC MF BALANCED ADVANTAGE FUND	67,580	5.00	0.15	0.04
74B.	LIC MF MIDCAP FUND	67,560	5.00	0.15	0.04

75	MATTHEWS INDIA FUND	1,35,140	10.00	0.30	0.08
76	MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND	1,35,140	10.00	0.30	0.08
77	SBI NPS TRUST-SBI PENSION FUND NPS LITE SCHEME-GOVT.PATTERN	1,35,140	10.00	0.30	0.08
78	SBI NPS TRUST-SBI PENSION FUND SCHEME-E TIER II	1,35,140	10.00	0.30	0.08
79	SUNDARAM MUTUAL FUND	1,35,140	10.00	0.30	0.08
80	TATA INVESTMENT CORP.LTD.	1,35,140	10.00	0.30	0.08
81	JUPITER GLOBAL FUND,THE-JUPITER INDIA SELECT	1,29,540	9.59	0.28	0.08
82	BAJAJ FINSERV MUTUAL FUND	1,21,640	9.00	0.27	0.07
83	TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC	1,10,360	8.17	0.24	0.07
84	SCHRODER INTERNATIONAL SELECTION FUND-BIC (BRAZIL, INDIA, CHINA)	99,640	7.37	0.22	0.06
85	ALLIANZ GLOBAL INVESTORS FUND-ALLIANZ ASIAN MULTI INCOME PLUS	86,620	6.41	0.19	0.05
86	BEST INVESTMENT CORPORATION MANAGED BY BLACKROCK ASSET MANAGEMENT NORTH ASIA LTD.	85,720	6.34	0.19	0.05
87	BLACKROCK GLOBAL FUNDS-ASIAN DRAGON FUND	85,200	6.30	0.19	0.05
88	ALLIANZ GLOBAL INVESTORS FUND-ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY	79,300	5.87	0.17	0.05
89	BONITAS POOLED INVESTMENT FUND SERIES-DYNAMIC ASIAN EQUITY FUND	76,800	5.68	0.17	0.05
90	SCHRODER INTERNATIONAL SELECTION FUND-SUSTAINABLE ASIAN EQUITY	70,580	5.22	0.16	0.04
91	ALLIANZ GLOBAL INVESTORS FUND-ALLIANZ ASIA EX-CHINA EQUITY	67,580	5.00	0.15	0.04
92	FRANKLIN TEMPLETON INVESTMENT FUNDS-TEMPLETON BRIC FUND	67,580	5.00	0.15	0.04
93	FRANKLIN TEMPLETON INVESTMENT FUNDS-TEMPLETON EMERGING MARKETS FUND	67,580	5.00	0.15	0.04
94	FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST-TEMPLETON DEVELOPING MARKETS VIP FUND	67,580	5.00	0.15	0.04
95	IPROFILE EMERGING MARKETS PRIVATE POOL MANAGED BY FRANKLIN TEMPLETON INVESTMENTS	67,580	5.00	0.15	0.04
96	SBI INVESTMENT OPPORTUNITIES FUND (IFSC)	67,580	5.00	0.15	0.04
97	TEMPLETON DEVELOPING MARKETS TRUST	67,580	5.00	0.15	0.04
98	TEMPLETON EMERGING MARKETS FUND	67,580	5.00	0.15	0.04
99	TEMPLETON INTERNATIONAL EMERGING MARKETS FUND	67,580	5.00	0.15	0.04
100	UTI MULTI CAP FUND	30,000	2.22	0.07	0.02
		4,55,27,026	3,369.00	100	26.95

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors (NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors (RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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HDB Financial IPO Subscription FAQs

The HDB Financial IPO is subscribed 17.65 times by Jun 27, 2025 17:02.