Investing in an Initial Public Offering (IPO) like HDB Financial Services Ltd. presents an exciting opportunity to become a shareholder in one of India’s leading non-banking financial companies (NBFCs). The anticipation peaks when checking whether you’ve been allotted shares. The HDB Financial Services IPO allotment is expected to be finalised on June 30, 2025.
This article provides clear, step-by-step instructions to check the HDB Financial Services IPO allotment status online, ensuring a seamless experience for all investors.
HDB Financial Services Ltd. was incorporated in 2007 and it is a leading retail-focused NBFC and a subsidiary of HDFC Bank, India’s second-largest private bank by total assets. The company operates across three key verticals.
It also provides business process outsourcing (BPO) services and distributes insurance products. With a network of 1,772 branches across 1,162 towns in 31 states and Union Territories as of September 30, 2024, HDB Financial Services caters to 17.5 million customers, focusing on underbanked and ‘new to credit’ segments.
As of March 31, 2025, its assets under management (AUM) reached ₹1,072.6 billion, with a compound annual growth rate (CAGR) of 23.71% from FY23 to FY25. In the Reserve Bank of India (RBI) categorises the company as an upper-layer NBFC.
The IPO, valued at ₹12,500 crore, comprises a fresh issue of 3.38 crore equity shares worth ₹2,500 crore and an offer for sale (OFS) of 13.51 crore shares worth ₹10,000 crore. It opened for subscription from June 25 to June 27, 2025, with a price band of ₹700 to ₹740 per share and a minimum lot size of 20 shares (minimum investment of ₹14,800 for retail investors). The IPO is set to list on both the exchanges BSE and NSE on July 2, 2025.
HDB Financial Services offers a compelling investment opportunity due to its:
Investors should consider the following risks:
An IPO occurs when a company like HDB Financial Services offers its shares to the public for the first time. Investors apply by paying funds, hoping to become shareholders. The allotment process determines who receives shares and how many. Due to oversubscription, where applications exceed available shares, a lottery system is often used for retail investors.
The HDB Financial Services IPO subscription period ran from June 25 to June 27, 2025, with the allotment expected to be finalised on June 30, 2025. The registrar, MUFG Intime India Private Limited (formerly Link Intime) manages the allocation process. Investors may receive an email or SMS from NSE, BSE, or the registrar once the allotment status is available.
As of June 27, 2025, the IPO was subscribed 17.65 times, receiving bids for 217.78 crore shares against the 12.33 crore shares offered. The breakdown is:
Entity | Multiples |
Qualified Institutional Buyers (QIBs) | 58.64x |
Non-Institutional Investors (NIIs) | 10.55x |
Retail Individual Investors (RIIs) | 1.51x |
Employee Quota | 5.72x |
Shareholder Quota | 1.68x |
This high subscription indicates strong demand, potentially leading to a lottery-based allocation for retail investors due to oversubscription.
You can check the HDB Financial Services IPO allotment status on three primary platforms NSE, BSE, or the registrar’s website (MUFG Intime India). You’ll need one of the following details:
If you don’t have these details, contact your broker or bank. Below are detailed steps for each platform, tailored for first-time users.
1. Visit the NSE Website:
2. Select the IPO:
3. Enter Your Details:
4. Check the Status:
Tip: The NSE site may experience high traffic. If it’s slow, try again later or use an alternative platform.
1. Visit the BSE Website:
2. Select the IPO:
3. Enter Your Details:
4. View the Status:
Tip: The BSE site is mobile-friendly but may load slowly on older devices. Ensure a stable internet connection.
1. Visit the Registrar’s Website:
2. Select the IPO:
3. Enter Your Details:
4. Check the Status:
Tip: MUFG Intime’s website is reliable, and the registrar may send you a direct link via SMS or email.
Broker’s App or Website:
Bank’s Net Banking:
Depository Websites (NSDL/CDSL):
Prepare Details in Advance: Keep your PAN, Application Number, and Demat ID ready in a note or on your phone.
Use a Familiar Device: Use a device you’re comfortable with to avoid navigation issues.
Follow Step-by-Step Guides: Proceed one step at a time using the instructions above.
Check Timelines: Allotment status is available only after June 30, 2025. Avoid checking too early.
Ask for Guidance: Contact your broker or bank’s customer care for assistance if unsure.
If you don’t receive shares, the blocked amount from your ASBA/UPI application will be unblocked:
Tip: Check your bank account statement to confirm the unblocking of funds.
MUFG Intime India Private Limited:
Phone: +91-22-4918 6270
Email: hdb.ipo@linkintime.co.in
Address: C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083, India
NSE Investor Services:
Phone: +91-22-2659 8100
Email: ignse@nse.co.in
BSE Investor Services:
Phone: +91-22-2272 1233/34
Email: bsehelp@bseindia.com
Oversubscription occurs when applications exceed available shares, as seen with HDB Financial Services’ 17.65x subscription. For retail investors (35% quota), only a fraction of applicants receive shares due to high demand (1.51x subscription in the retail category).
Application Supported by Blocked Amount (ASBA) is the process which is mandatory for IPO applications in India:
What is ASBA?: ASBA is a process of applying IPO here application amount is blocked in your bank account rather than debited upfront. The funds remain in your account but are unavailable for other use until allotment.
How to Apply Using ASBA:
Post-Allotment: If allotted, the required amount is debited for the shares. If not, the blocked amount is released.
Tip: Ensure sufficient funds are available in your account during the subscription period (June 25–27, 2025).
Short-Term Capital Gains (STCG): If sold within 12 months, gains are taxed at 20% (plus surcharge and cess applicable).
Long-Term Capital Gains (LTCG): If held for over 12 months, gains above ₹1.25 lakh are taxed at 12.5% (plus surcharge/cess applicable).
Losses: Losses can be set off against other capital gains, subject to tax rules.
Dividend Income: If HDB Financial Services declares dividends, they are taxable per your income tax slab. The company has not paid dividends in recent years.
Advice: Consult a tax professional to understand your tax obligations.
If you receive shares:
Checking the HDB Financial Services Ltd. IPO allotment status using the NSE, BSE, or MUFG Intime websites is straightforward. Keep your PAN, Application Number, or Demat ID ready and check on or after June 30, 2025. If allotted shares, you’re now a part-owner of a leading NBFC with a robust presence in India’s financial sector.If not, don’t be discouraged, there are many IPOs coming in the future.
IPOs offer wealth-building potential but carry risks, including profitability pressures, high OFS components, and competitive pressures. Always consult a certified financial advisor and review the company’s Red Herring Prospectus before investing.
Disclaimer: This article is for informational purposes only and not financial advice. IPO investments carry risks; read the company’s prospectus carefully and consult a certified financial advisor before making investment decisions.
Related Articles:
1. Globe Civil Projects IPO Allotment Status 2025: How to Check Online
2. Influx Healthtech IPO Allotment Status 2025: How to Check Online
3. Oswal Pumps IPO Allotment Status 2025: How to Check Online
4. Scoda Tubes IPO Allotment Status 2025: How to Check Online
5. Accretion Pharmaceuticals IPO Allotment Status
6. Indogulf Cropsciences IPO Allotment Status 2025: How to Check Online
7. Adcounty Media IPO Allotment Status 2025: How to Check Online
8. Crizac IPO Allotment Status 2025: How to Check Online
9. Cryogenic OGS IPO Allotment Status 2025: How to Check Online
10. Meta Infotech IPO Allotment Status 2025: How to Check Online
11. Asston Pharmaceuticals IPO Allotment Status 2025: How to Check Online