HDB Financial IPO: HDB Financial IPO opened for subscription on Wednesday, 25 June. The IPO of this NBFC will be closed on Friday, June 27. The IPO of HDFC Bank’s subsidiary company HDB Financial received only 0.37 times subscription on the first day. On the first day of subscription, this IPO received the lowest 0.01 times subscription from the investors of QIB category. While the employees of the company have subscribed the most 1.76 times. At the same time, investors of retail category subscribed to this IPO only 0.30 times on the first day.
HDFC Bank’s subsidiary will raise Rs 12,500 crore from IPO
According to NSE data, it has been subscribed to 0.41 times on Thursday by 10.06 am on the second day of the IPO. Let us tell you that HDB Financial wants to raise a total of Rs 12,500 crore from its IPO through 16,89,18,918 shares. 3,37,83,783 fresh shares worth Rs 2500 crore will be issued in this IPO, while 13,51,35,135 shares worth Rs 10,000 crore will be issued through OFS. The company has fixed a price band of Rs 700 to Rs 740 for each share of Rs 10 face value for its IPO.
GMP price of shares fell in gray market
In the gray market too, there is a lot of ups and downs in the premium of HDB Financial shares. On Thursday, 26 June, HDB Financial shares are trading at a price of Rs 790.5 with GMP of Rs 50.50 (6.82 percent) in gray market. Let us tell you that around 6 am on Wednesday, its shares were trading at a price of Rs 814 with a premium of Rs 74 (10 percent). For the past few days, HDB Financial GMP has been seeing a steady decline. Its GMP was recorded at the highest 104.5 rupees on 20 June.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
Latest business news
