The IPO of HDB Financial Services will open on June 25, know why investors are waiting for it?

HDB Finance IPO: HDBC Bank’s subsidiary HDB Financial Services has fixed a price scope of Rs 700-740 per share for its initial public issue (IPO) of Rs 12,500 crore. The company’s IPO will open on June 25 and will conclude on 27 June. Big (anchor) investors will be able to bid on 24 June.

This is only the company’s first IPO but is being described as the largest NBFC IPO in the country. The IPO is a combination of a new share of Rs 2,500 crore and a sales offer of Rs 10,000 crore by the promoter HDFC Bank.

HDFC Bank currently holds a 94.36 percent stake in HDB Financial Services. The company’s stock is expected to be listed on BSE and NSE on July 2.

It is being told that the company will use the funds collected through IPOs to increase its Tier-1 capital base so that future capital needs can be met.

How was the listing of shares of Oswal pumps: The share of Oswal pumps was listed in the market on Friday with a gain of over 3 percent against its issue price of Rs 614. The share on BSE was listed at Rs 632 with a gain of 2.93 percent from the issue price. Later it rose 5.35 percent to 646.90 rupees. The stock started trading at Rs 634 with a gain of 3.25 percent on NSE. The company’s market evaluation stood at Rs 7,389.73 crore.

The initial public issue (IPO) of Oswal pumps received 34.42 times the last day of the bid on Tuesday. The company’s IPO is a combination of new shares worth Rs 890 crore and a sale of 81 lakh shares by promoter Vivek Gupta. In this way, the total size of Nirmag is Rs 1,387.34 crore. For this, a price scope of Rs 584-614 per share was kept. Oswal pumps have raised the amount of Rs 416 crore from the big (anchor) investors.

Edited by: Nrapendra Gupta