HDFC Bank-backed HDB Financial Services made a strong market debut, listing at Rs 835—13% above its issue price—and climbing to Rs 845.75, delivering over 14% listing gains. The Rs 12,500 crore IPO saw robust institutional interest with QIBs subscribing 55.47 times, though retail demand was subdued. Analysts say investor appetite reflects long-term confidence in India’s NBFC growth story.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets