HDB Financial Services IPO: HDFC Bank subsidiary’s initial...

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HDB Financial Services IPO: HDFC Bank subsidiary’s initial public offering opens; GMP at 10% - should investors subscribe?

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HDB Financial Services, backed by HDFC Bank, launched its IPO aiming to raise Rs 12,500 crore. The IPO subscription is open until June 27, with a price band of Rs 700-740 per share. Several financial institutions recommend subscribing, citing the company's robust metrics, asset quality, and growth potential, with shares expected to trade in July.

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