HDB Financial Services: HDFC Bank’s NBFC arm, HDB Financial Services’ initial public offering (IPO) is offering stock market investors a fresh issue of equity shares amounting to ₹2,500 crore along with an offer-for-sale (OFS) component of ₹10,000 crore from the promoter selling stakeholding. 

As of the end of the second day of public bidding, investors had subscribed 1.16 times to the HDB Financial Services IPO. The total bids for the public issue were 15,12,25,040, or 15.12 crore equity shares, compared to the 13,04,42,855, or 13.04 crore shares on offer. 

Out of all three investor segments for the IPO, the Non-Institutional Investors (NIIs) continued to stay at the top with 2.29 times subscriptions as people bid for 5,52,18,160 shares, compared to 2,40,64,286 shares on offer for the portion. 

The Qualified Institutional Buyers (QIBs) came in second as of the second day of the bidding round, as investors subscribed 90 per cent or 2,89,04,940 shares, compared to the 3,20,85,713 shares on offer, according to the BSE data. 

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