HDB Financial Services, the NBFC arm of HDFC Bank, is set to debut on the stock exchanges on July 2, with grey market signals suggesting a 9% premium over its issue price. Its Rs 12,500 crore IPO, including a Rs 10,000 crore offer-for-sale, saw strong demand, getting subscribed 16.69 times overall, driven by a 55.47 times QIB subscription.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets