HDB Financial Services shares surged post-IPO, rewarding institutional investors who heavily subscribed, while retail investors, guided by tepid grey market premiums and valuation concerns, missed out on early gains. The strong institutional demand reflects confidence in HDB’s strategic position and growth potential within India’s formalizing credit economy, driven by its extensive branch network and HDFC Bank’s backing.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets