HDB Financial Services IPO: HDFC Bank subsidiary’s initial public offering opens; GMP at 10% – should investors subscribe?
HDB Financial Services, backed by HDFC Bank, launched its IPO aiming to raise Rs 12,500 crore. The IPO subscription is open until June 27, with a price band of Rs 700-740 per share. Several financial institutions recommend subscribing, citing the company’s robust metrics, asset quality, and growth potential, with shares expected to trade in July.
HDB Financial Services, backed by HDFC Bank, launched its IPO aiming to raise Rs 12,500 crore. The IPO subscription is open until June 27, with a price band of Rs 700-740 per share. Several financial institutions recommend subscribing, citing the company’s robust metrics, asset quality, and growth potential, with shares expected to trade in July.
