HDB Financial Services IPO SUBSCRIPTION STATUS: Today, June 27 was the last day to invest in the IPO of HDB Financial Services. The IPO is receiving strong response from investors. It has been subscribed to more than 16 times so far. The Qualified Institutional Byers (QIB) has the highest score.
The company has set a price band of ₹ 700-740 per share for this issue. The company will raise ₹ 12500 crore through public issues. This is a mainboard issue, whose shares will be listed on BSE and NSE. HDB Financial Services is a high-level non-banking finance company (NBFC). Its parent company is HDFC Bank, which is the country’s largest private bank.
Under the IPO of HDB Financial Services, 3.37 crore new shares of Rs 2500 crore have been issued. In addition, 13.51 crore shares of Rs 10000 crore were sold by the offer for sale (IS). HDFC Bank is selling shares in offs, which accounts for 94.3 % of the company. (HDB Financial Services received a wonderful response to the IPO. Qualified Institutional Byers (QIB) – 55.47 Fold, Non -Institute Investors (NII) – 9.98 times, shareholder -4.26fold, retail investors – 1.41 fold – 5 16.69 times, gray market- 8 % fold.)
The amount received from the HDB Financial IPO plans to use the company’s future capital needs to increase its T-1 capital support, including the next credit.
Listing of HDB Financial Services is required due to the order of the Reserve Bank of India (RBI). According to this order, all NBFCs in the upper level need to be listed in the stock market by 2025. According to the Circular of RBI October 2022, HDB Financial NBFC "Upper level" Come to the series.
HDB Financial is operated by 1,680 branches and has a mixture of varied asset under management (AUM), with a strong focus on retail and SME financing. Its largest loan segment includes a loan against vehicle finance and property.
HDB Financial Services is a large non-banking finance company (NBFC) operating through 1,680 branches across India. Its business is mainly on lending to retail and SME (small and medium businesses). Its largest loan segment includes a loan against vehicle finance and property.
IPO means initial public offer. When any company declares its shares for the general public, it is called the IPO, the first public offer. Click here to read such news of IPO ..
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