HDB Financial Services' ?12,500 crore IPO ended Day 2 with full subscription, with overall bids reaching 1.16 times the issue size. The Non-Institutional Investor (NII) segment led the demand, subscribed 2.29 times, while Qualified Institutional Buyers (QIBs) came in at 90%.

Retail investor subscription stood at 64%. The quota for employees was subscribed 2.97 times, and the shareholder portion was at 1.68x. Most analysts tracking the issue have recommended subscribing for a medium- to long-term horizon.

IPO Day 2 Subscription Status (as of 5 PM)
– QIB: 2.89 crore shares bid versus 3.21 crore shares reserved (90%)
– NII: 5.52 crore shares bid versus 2.41 crore shares reserved (2.29x)
– Retail: 3.61 crore shares bid versus 5.61 crore shares reserved (64%)
– Employees: 8.48 lakh shares bid versus 2.86 lakh shares reserved (2.97x)
– Shareholders: 3.01 crore shares bid versus 1.79 crore shares reserved (1.68x)
– Overall subscription: 1.16x