HDB Financial Services raised Rs 3,369 crore from anchor investors ahead of its Rs 12,500 crore IPO, with LIC, mutual funds, and global investors like BlackRock and ADIA participating. The IPO opens today with a price band of Rs 700–740. Analysts have largely recommended subscribing, citing strong growth, asset quality, and HDFC Bank’s backing.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets