Younger investors drive new-age IPO participation as institutional demand powers subscriptions: HDFC Securities
Half of all IPO investors on HDFC SKY are below the age of 35, compared with just over a quarter on InvestRight, according to the report
HDFC Securities' recent report reveals that younger and tech-savvy investors are fueling IPO participation through its HDFC SKY platform, while more experienced investors continue to dominate IPO subscriptions on the InvestRight platform, based on fiscal year 27 data from April to August 2026. On HDFC SKY, half of all IPO investors are under 35, a stark contrast to over a quarter of investors on InvestRight.
The report highlights a significant share of students and self-employed individuals on both platforms, indicating a new wave of first-time IPO investors. A majority of HDFC Securities' IPO applicants were repeat investors, with HDFC SKY attracting a more diverse and newer investor base, comprising nearly 40% first-time investors compared to InvestRight's 10%.
However, InvestRight still attracted more long-time investors. The average IPO application size was considerably larger on InvestRight, with an average of ₹3 lakh, nearly three and a half times the ₹82,000 average on HDFC SKY. Gender distribution was similar, with 66% men and 34% women on InvestRight, and 68% men and 32% women on HDFC SKY.
Tier-2 and Tier-3 cities contributed over 70% of IPO investors on InvestRight, contrasting with a more balanced distribution of 43% Tier-1, 30% Tier-2, and 28% Tier-3 on HDFC SKY. Institutional investors accounted for a significant share of IPO subscription value, with QIBs representing 62%, HNIs 29%, and retail investors 9%. The data suggests that HDFC SKY is attracting a new generation of investors, while InvestRight continues to cater to a more experienced investor base.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
