HDB Financial Services Limited's ₹12,500-cr IPO, which ended for subscription on Friday, was subscribed 16.69 times, with investors placing bids for 217.7 crore shares against the 13.04 crore shares available. The IPO has reportedly become the second-most subscribed 10,000 crore-plus offering in India, surpassing those of Coal India, Swiggy and LIC but falling short of SBI Cards.