HDB Financial Services’ Rs 12,500 crore IPO revealed a stark divide between institutions and retail investors. Institutional investors subscribed 55 times, betting on HDB’s long-term prospects and regulatory tailwinds, while retail participation lagged due to valuation concerns and IPO fatigue. Analysts believe strong fundamentals and a potential 10–15% listing gain could eventually revive broader interest.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets