HDB Financial Services, a subsidiary of HDFC Bank, is launching its IPO on June 25. The IPO aims to raise Rs 12,500 crore. The price is fixed between Rs 700 and Rs 740 per share. SBI Securities suggests subscribing, citing strong fundamentals. The company is India’s 7th largest retail-focused NBFC. The shares will be listed on NSE and BSE.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets