June 25, 2025 - June 27, 2025

HDB Financial IPO Subscription Details

IPO Detail

Stock Price

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	₹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

📑 Anchor Investor Allotment Letter

📊 Historic report - IPOs Anchor Investors Investment & Performance

S.No.	Anchor Investor	Group Entity	No. of Shares Allotted	Amount (Rs.cr.)	% Allotment within Anchor Investor Portion	% Allotment of Issue
1	LIFE INSURANCE CORP.OF INDIA	LIFE INSURANCE CORP.OF INDIA	29,72,960	220.00	6.53	1.76
2	ICICI PRUDENTIAL RURAL OPPORTUNITIES FUND	ICICI PRUDENTIAL MUTUAL FUND	1,35,140	10.00	0.30	0.08
3	ICICI PRUDENTIAL BANKING & FINANCIAL SERVICES FUND	ICICI PRUDENTIAL MUTUAL FUND	12,16,200	90.00	2.67	0.72
4	ICICI PRUDENTIAL MULTICAP FUND	ICICI PRUDENTIAL MUTUAL FUND	5,40,540	40.00	1.19	0.32
5	ICICI PRUDENTIAL MIDCAP FUND	ICICI PRUDENTIAL MUTUAL FUND	6,75,680	50.00	1.48	0.40
6	ICICI PRUDENTIAL QUALITY FUND	ICICI PRUDENTIAL MUTUAL FUND	1,35,140	10.00	0.30	0.08
7	AMUNDI FUNDS SBI FM INDIA EQUITY	AMUNDI	1,35,140	10.00	0.30	0.08
8	SBI INVESTMENT OPPORTUNITIES FUND (IFSC)	SBI	67,580	5.00	0.15	0.04
9	SBI OPTIMAL EQUITY FUND-LONG TERM	SBI	1,62,160	12.00	0.36	0.10
10	SBI FLEXICAP FUND	SBI MUTUAL FUND	9,45,940	70.00	2.08	0.56
11	SBI BANKING & FINANCIAL SERVICES FUND	SBI MUTUAL FUND	4,45,940	33.00	0.98	0.26
12	SBI MULTICAP FUND	SBI MUTUAL FUND	9,45,940	70.00	2.08	0.56
13	NIPPON INDIA SMALL CAP FUND	NIPPON INDIA MUTUAL FUND	11,40,960	84.43	2.51	0.68
14	NIPPON INDIA BANKING & FINANCIAL SERVICES FUND	NIPPON INDIA MUTUAL FUND	66,760	4.94	0.15	0.04
15	NIPPON INDIA FLEXI CAP FUND	NIPPON INDIA MUTUAL FUND	1,69,940	12.58	0.37	0.10
16	NIPPON INDIA GROWTH MID CAP FUND	NIPPON INDIA MUTUAL FUND	5,09,780	37.72	1.12	0.30
17	NIPPON INDIA VALUE FUND	NIPPON INDIA MUTUAL FUND	54,620	4.04	0.12	0.03
18	NIPPON INDIA MULTI ASSET ALLOCATION FUND	NIPPON INDIA MUTUAL FUND	84,960	6.29	0.19	0.05
19	KOTAK ELSS TAX SAVER FUND	KOTAK MAHINDRA MUTUAL FUND	11,73,560	86.84	2.58	0.69
20	KOTAK BUSINESS CYCLE FUND	KOTAK MAHINDRA MUTUAL FUND	5,33,420	39.47	1.17	0.32
21	KOTAK BANKING & FINANCIAL SERVICES FUND	KOTAK MAHINDRA MUTUAL FUND	3,20,040	23.68	0.70	0.19
22	BLACKROCK GLOBAL FUNDS-ASIAN DRAGON FUND	BLACKROCK	85,200	6.30	0.19	0.05
23	BLACKROCK GLOBAL FUNDS-EMERGING MARKETS FUND	BLACKROCK	1,44,920	10.72	0.32	0.09
24	BEST INVESTMENT CORPORATION MANAGED BY BLACKROCK ASSET MANAGEMENT NORTH ASIA LTD.	BEST INVESTMENT CORP.	85,720	6.34	0.19	0.05
25	BLACKROCK STRATEGIC FUNDS-BLACKROCK EMERGING MARKETS EQUITY STRATEGIES FUND	BLACKROCK	4,08,020	30.19	0.90	0.24
26	BLACKROCK EMERGING FRONTIERS MASTER FUND LTD.	BLACKROCK	3,70,900	27.45	0.81	0.22
27	BLACKROCK GLOBAL FUNDS-INDIA FUND	BLACKROCK	4,05,640	30.02	0.89	0.24
28	STICHTING DEPOSITARY APG EMERGING MARKETS EQUITY POOL	STICHTING	3,91,480	28.97	0.86	0.23
29	BAILLIE GIFFORD GLOBAL DISCOVERY FUND A SUB FUND OF BAILLIE GIFFORD OVERSEAS GROWTH FUNDS ICVC	BAILLIE GIFFORD	14,05,400	104.00	3.09	0.83
30	BAILLIE GIFFORD WORLDWIDE ASIA EX JAPAN FUND,A SUB FUND OF BAILLIE GIFFORD WORLDWIDE FUNDS PLC	BAILLIE GIFFORD	1,35,140	10.00	0.30	0.08
31	PACIFIC HORIZON INVESTMENT TRUST PLC	PACIFIC	3,51,340	26.00	0.77	0.21
32	GOVERNMENT PENSION FUND GLOBAL	GOVERNMENT PENSION FUND GLOBAL	13,51,340	100.00	2.97	0.80
33	GOLDMAN SACHS FUNDS-GOLDMAN SACHS INDIA EQUITY PORTFOLIO	GOLDMAN SACHS	10,13,500	75.00	2.23	0.60
34	AXIS MIDCAP FUND	AXIS MUTUAL FUND	5,06,760	37.50	1.11	0.30
35	AXIS LARGE & MID CAP FUND	AXIS MUTUAL FUND	3,37,820	25.00	0.74	0.20
36	AXIS ELSS TAX SAVER FUND	AXIS MUTUAL FUND	5,06,760	37.50	1.11	0.30
37	ADITYA BIRLA SUN LIFE BANKING & FINANCIAL SERVICES FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	12,76,480	94.46	2.80	0.76
38	ADITYA BIRLA SUN LIFE EQUITY SAVINGS FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	40,500	3.00	0.09	0.02
39	ADITYA BIRLA SUN LIFE RETIREMENT FUND-THE 30S PLAN	ADITYA BIRLA SUN LIFE MUTUAL FUND	34,360	2.54	0.08	0.02
40	SCHRODER INTERNATIONAL SELECTION FUND-SUSTAINABLE ASIAN EQUITY	SCHRODER	70,580	5.22	0.16	0.04
41	BONITAS POOLED INVESTMENT FUND SERIES-DYNAMIC ASIAN EQUITY FUND	BONITAS	76,800	5.68	0.17	0.05
42	SCHRODER INTERNATIONAL SELECTION FUND-INDIAN EQUITY	SCHRODER	1,74,360	12.90	0.38	0.10
43	SCHRODER INTERNATIONAL SELECTION FUND-EMERGING ASIA	SCHRODER	5,18,960	38.40	1.14	0.31
44	SCHRODER INTERNATIONAL SELECTION FUND-BIC (BRAZIL, INDIA, CHINA)	SCHRODER	99,640	7.37	0.22	0.06
45	SCHRODER INTERNATIONAL SELECTION FUND-GLOBAL EMERGING MARKET OPPORTUNITIES	SCHRODER	4,11,000	30.41	0.90	0.24
46	FIDELITY ADVISOR SERIES VIII: FIDELITY ADVISOR EMERGING ASIA FUND	FIDELITY	6,12,600	45.33	1.35	0.36
47	FIDELITY ADVISOR SERIES VIII: FIDELITY ADVISOR EMERGING ASIA FUND	FIDELITY	2,62,600	19.43	0.58	0.16
48	FIDELITY FAR EAST FUND	FIDELITY	1,38,300	10.23	0.30	0.08
49	ABU DHABI INVESTMENT AUTHORITY-STABLE	ABU DHABI INVESTMENT	10,13,500	75.00	2.23	0.60
50	ICICI PRUDENTIAL LIFE INSURANCE CO.LTD.	ICICI PRUDENTIAL LIFE INSURANCE	10,13,500	75.00	2.23	0.60
51	DSP MID CAP FUND	DSP MUTUAL FUND	11,51,260	85.19	2.53	0.68
52	DSP BANKING & FINANCIAL SERVICES FUND	DSP MUTUAL FUND	2,00,080	14.81	0.44	0.12
53	MIRAE ASSET BANKING & FINANCIAL SERVICES FUND	MIRAE ASSET MUTUAL FUND	5,00,000	37.00	1.10	0.30
54	ASHOKA WHITEOAK ICAV-ASHOKA WHITEOAK INDIA OPPORTUNITIES FUND	ASHOKA WHITEOAK	10,98,120	81.26	2.41	0.65
55	ASHOKA WHITEOAK ICAV-ASHOKA WHITEOAK EMERGING MARKETS EQUITY FUND	ASHOKA WHITEOAK	2,53,220	18.74	0.56	0.15
56	SBI NPS TRUST-SBI PENSION FUND NPS LITE SCHEME-GOVT.PATTERN	SBI NPS TRUST	1,35,140	10.00	0.30	0.08
57	SBI NPS TRUST-SBI PENSION FUND SCHEME-E TIER II	SBI NPS TRUST	1,35,140	10.00	0.30	0.08
58	SBI NPS TRUST-SBI PENSION FUND SCHEME-ATAL PENSION YOJANA (APY)	SBI NPS TRUST	2,29,720	17.00	0.50	0.14
59	UTI NPS TRUST-UTI PENSION FUND SCHEME-E TIER I	UTI NPS TRUST	5,00,000	37.00	1.10	0.30
60	UTI BALANCED ADVANTAGE FUND	UTI MUTUAL FUND	75,000	5.55	0.16	0.04
61	UTI BANKING & FINANCIAL SERVICES FUND	UTI MUTUAL FUND	41,660	3.08	0.09	0.02
62	UTI MIDCAP FUND	UTI MUTUAL FUND	3,41,660	25.28	0.75	0.20
63	UTI INDIA CONSUMER FUND	UTI MUTUAL FUND	11,680	0.86	0.03	0.01
64	UTI MULTI CAP FUND	UTI MUTUAL FUND	30,000	2.22	0.07	0.02
65	CANARA ROBECO MULTI CAP FUND	CANARA ROBECO MUTUAL FUND	55,000	4.07	0.12	0.03
66	CANARA ROBECO LARGE & MID CAP FUND	CANARA ROBECO MUTUAL FUND	4,45,000	32.93	0.98	0.26
67	TEMPLETON INDIA VALUE FUND	FRANKLIN TEMPLETON MUTUAL FUND	4,22,760	31.28	0.93	0.25
68	FRANKLIN INDIA EQUITY ADVANTAGE FUND	FRANKLIN TEMPLETON MUTUAL FUND	2,70,560	20.02	0.59	0.16
69	FRANKLIN INDIA ELSS TAX SAVER FUND	FRANKLIN TEMPLETON MUTUAL FUND	2,36,760	17.52	0.52	0.14
70	TATA BALANCED ADVANTAGE FUND	TATA MUTUAL FUND	3,37,840	25.00	0.74	0.20
71	TATA BANKING & FINANCIAL SERVICES FUND	TATA MUTUAL FUND	1,62,160	12.00	0.36	0.10
72	RBC ASIA PACIFIC EX-JAPAN EQUITY FUND	RBC	5,00,000	37.00	1.10	0.30
73	OAKTREE EMERGING MARKETS EQUITY FUND,LP	OAKTREE	2,17,360	16.08	0.48	0.13
74	NATIONAL PENSION SERVICE MANAGED BY OAKTREE CAPITAL MANAGEMENT,LP	NATIONAL PENSION SERVICE	2,82,640	20.92	0.62	0.17
75	ALLIANZ GLOBAL INVESTORS FUND-ALLIANZ INDIA EQUITY	ALLIANZ	2,66,500	19.72	0.59	0.16
76	ALLIANZ GLOBAL INVESTORS FUND-ALLIANZ ASIA EX-CHINA EQUITY	ALLIANZ	67,580	5.00	0.15	0.04
77	ALLIANZ GLOBAL INVESTORS FUND-ALLIANZ ASIAN MULTI INCOME PLUS	ALLIANZ	86,620	6.41	0.19	0.05
78	ALLIANZ GLOBAL INVESTORS FUND-ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY	ALLIANZ	79,300	5.87	0.17	0.05
79	KOTAK INFINITY FUND-CLASS AC	KOTAK	1,35,140	10.00	0.30	0.08
80	PUBLIC SECTOR PENSION INVESTMENT BOARD-KOTAK MAHINDRA ASSET MANAGEMENT (SINGAPORE) PTE.LTD.	PUBLIC SECTOR PENSION INVESTMENT BOARD	2,30,580	17.06	0.51	0.14
81	ALPS/KOTAK INDIA ESG FUND	ALPS/KOTAK INDIA	3,10,086	22.95	0.68	0.18
82	HSBC SMALL CAP FUND	HSBC MUTUAL FUND	3,09,000	22.87	0.68	0.18
83	HSBC MID CAP FUND	HSBC MUTUAL FUND	2,10,100	15.55	0.46	0.12
84	HSBC FOCUSED FUND	HSBC MUTUAL FUND	1,23,600	9.15	0.27	0.07
85	HSBC VALUE FUND	HSBC MUTUAL FUND	98,880	7.32	0.22	0.06
86	HSBC FLEXI CAP FUND	HSBC MUTUAL FUND	61,800	4.57	0.14	0.04
87	HSBC INDIA EXPORT OPPORTUNITIES FUND	HSBC MUTUAL FUND	61,800	4.57	0.14	0.04
88	HSBC FINANCIAL SERVICES FUND	HSBC MUTUAL FUND	61,800	4.57	0.14	0.04
89	HSBC LARGE & MID CAP FUND	HSBC MUTUAL FUND	37,080	2.74	0.08	0.02
90	HSBC MULTI CAP FUND	HSBC MUTUAL FUND	49,440	3.66	0.11	0.03
91	MORGAN STANLEY INVESTMENT FUNDS EMERGING LEADERS EQUITY FUND	MORGAN STANLEY	5,00,000	37.00	1.10	0.30
92	HSBC GLOBAL INVESTMENT FUNDS-INDIAN EQUITY	HSBC	5,00,000	37.00	1.10	0.30
93	AXIS MAX LIFE INSURANCE LTD.-SUSTAINABLE EQUITY FUND-ULIF02505/10/21 SUSTAINEQU104	AXIS MAX LIFE INSURANCE	1,35,140	10.00	0.30	0.08
94	AXIS MAX LIFE INSURANCE LTD.-ULIF00225/06/04 LIFEBALANC 104-BALANCED FUND	AXIS MAX LIFE INSURANCE	1,35,140	10.00	0.30	0.08
95	AXIS MAX LIFE INSURANCE LTD.	AXIS MAX LIFE INSURANCE	2,29,720	17.00	0.50	0.14
96	ARMY GROUP INSURANCE FUND,THE	ARMY GROUP INSURANCE FUND,THE	1,35,140	10.00	0.30	0.08
97	TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC	TEMPLETON	1,10,360	8.17	0.24	0.07
98	TEMPLETON INTERNATIONAL EMERGING MARKETS FUND	TEMPLETON	67,580	5.00	0.15	0.04
99	FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST-TEMPLETON DEVELOPING MARKETS VIP FUND	FRANKLIN TEMPLETON	67,580	5.00	0.15	0.04
100	TEMPLETON EMERGING MARKETS FUND	TEMPLETON	67,580	5.00	0.15	0.04
101	TEMPLETON DEVELOPING MARKETS TRUST	TEMPLETON	67,580	5.00	0.15	0.04
102	FRANKLIN TEMPLETON INVESTMENT FUNDS-TEMPLETON BRIC FUND	FRANKLIN TEMPLETON	67,580	5.00	0.15	0.04
103	FRANKLIN TEMPLETON INVESTMENT FUNDS-TEMPLETON EMERGING MARKETS FUND	FRANKLIN TEMPLETON	67,580	5.00	0.15	0.04
104	IPROFILE EMERGING MARKETS PRIVATE POOL MANAGED BY FRANKLIN TEMPLETON INVESTMENTS	IPROFILE	67,580	5.00	0.15	0.04
105	MOTILAL OSWAL LARGE CAP FUND	MOTILAL OSWAL MUTUAL FUND	5,00,000	37.00	1.10	0.30
106	EASTSPRING INVESTMENTS-ASIA OPPORTUNITIES EQUITY FUND	EASTSPRING	2,50,000	18.50	0.55	0.15
107	EASTSPRING INVESTMENTS-INDIA EQUITY FUND	EASTSPRING	2,50,000	18.50	0.55	0.15
108	EDELWEISS ELSS TAX SAVER FUND	EDELWEISS MUTUAL FUND	4,060	0.30	0.01	0.00
109	EDELWEISS LARGE & MID CAP FUND	EDELWEISS MUTUAL FUND	33,780	2.50	0.07	0.02
110	EDELWEISS MID CAP FUND	EDELWEISS MUTUAL FUND	1,71,620	12.70	0.38	0.10
111	EDELWEISS SMALL CAP FUND	EDELWEISS MUTUAL FUND	40,540	3.00	0.09	0.02
112	EDELWEISS EQUITY SAVINGS FUND	EDELWEISS MUTUAL FUND	47,300	3.50	0.10	0.03
113	EDELWEISS LARGE CAP FUND	EDELWEISS MUTUAL FUND	1,35,140	10.00	0.30	0.08
114	EDELWEISS RECENTLY LISTED IPO FUND	EDELWEISS MUTUAL FUND	67,560	5.00	0.15	0.04
115	BANDHAN FINANCIAL SERVICES FUND	BANDHAN MUTUAL FUND	1,35,140	10.00	0.30	0.08
116	BANDHAN MULTI ASSET ALLOCATION FUND	BANDHAN MUTUAL FUND	1,35,140	10.00	0.30	0.08
117	BANDHAN MULTI CAP FUND	BANDHAN MUTUAL FUND	2,29,720	17.00	0.50	0.14
118	SUNDARAM FINANCIAL SERVICES OPPORTUNITIES FUND	SUNDARAM MUTUAL FUND	1,35,140	10.00	0.30	0.08
119	CLSA GLOBAL MARKETS PTE.LTD.-ODI	CLSA	10,13,500	75.00	2.23	0.60
120	BAJAJ ALLIANZ LIFE INSURANCE CO.LTD.	BAJAJ ALLIANZ LIFE INSURANCE	1,35,140	10.00	0.30	0.08
121	ADITYA BIRLA SUN LIFE INSURANCE CO.LTD.	ADITYA BIRLA SUN LIFE INSURANCE	1,35,140	10.00	0.30	0.08
122	LIC MF MIDCAP FUND	LIC MUTUAL FUND	67,560	5.00	0.15	0.04
123	LIC MF BALANCED ADVANTAGE FUND	LIC MUTUAL FUND	67,580	5.00	0.15	0.04
124	EAST BRIDGE CAPITAL MASTER FUND I LTD.	EAST BRIDGE	5,00,000	37.00	1.10	0.30
125	WINRO COMMERCIAL (INDIA) LTD.	WINRO COMMERCIAL	10,13,500	75.00	2.23	0.60
126	BARODA BNP PARIBAS SMALL CAP FUND	BARODA BNP PARIBAS MUTUAL FUND	1,35,140	10.00	0.30	0.08
127	BANK OF INDIA BUSINESS CYCLE FUND	BANK OF INDIA MUTUAL FUND	1,35,140	10.00	0.30	0.08
128	JM MIDCAP FUND	JM FINANCIAL MUTUAL FUND	1,35,140	10.00	0.30	0.08
129	AMUNDI FUNDS NEW SILK ROAD	AMUNDI	1,35,140	10.00	0.30	0.08
130	MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND	MIRAE	1,35,140	10.00	0.30	0.08
131	JUPITER INDIA FUND	JUPITER	3,70,460	27.41	0.81	0.22
132	JUPITER GLOBAL FUND,THE-JUPITER INDIA SELECT	JUPITER	1,29,540	9.59	0.28	0.08
133	COPTHALL MAURITIUS INVESTMENT LTD.	COPTHALL	1,35,140	10.00	0.30	0.08
134	MATTHEWS INDIA FUND	MATTHEWS	1,35,140	10.00	0.30	0.08
135	TATA INVESTMENT CORP.LTD.	TATA	1,35,140	10.00	0.30	0.08
136	SOCIETE GENERALE-ODI	SOCIETE GENERAL	5,00,000	37.00	1.10	0.30
137	BAJAJ FINSERV BALANCED ADVANTAGE FUND	BAJAJ FINSERV MUTUAL FUND	1,21,640	9.00	0.27	0.07
138	FLORIDA RETIREMENT SYSTEM-ALLSPRING GLOBAL INVESTMENTS,LLC (EMSC)	FLORIDA RETIREMENT SYSTEM	1,35,140	10.00	0.30	0.08
139	KOTAK MAHINDRA LIFE INSURANCE CO.LTD.	KOTAK MAHINDRA	1,35,140	10.00	0.30	0.08
140	BCAD FUND	BCAD	1,35,140	10.00	0.30	0.08
141	ARP PUBLIC OPPORTUNITIES MASTER FUND LTD.	ARP	1,35,140	10.00	0.30	0.08
			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.