HDB Financial Services: HDB Financial Services Limited, a subsidiary of private sector HDFC Bank, was listed on Wednesday with an increase of about 13 percent against the issue price of Rs 740. The company’s stock started trading at Rs 835, which is 12.83 percent higher than the issue price. Later it rose 14.29 percent to Rs 845.75. The company’s stock on NSE was listed at Rs 835. The company’s market evaluation during early trade was Rs 69,658.72 crore.Also Read: Share Bazaar: Stock market declined after initial boom, Sensex 157 and Nifty 58 points slipped
Amidst the encouraging participation of institutional buyers, HDB Financial Services’ initial share sales of Rs 12,500 crore were received 16.69 times till the last day of the dialect last week. The initial public output (IPO) of HDB Financial Services was priced at Rs 700-740 per share. The new issue of equity shares worth Rs 2,500 crore and a sale of Rs 10,000 crore by HDFC Bank was a combination of Rs 10,000 crore. (Language)
Edited by: Ravindra Gupta
