The HDB Financial Services IPO is drawing significant attention from investors, clocking 123% subscription within just two days of opening. A strong response from Non-Institutional Investors (NIIs) and employees has added momentum to this highly anticipated public issue.
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Robust Investor Demand
According to data from the stock exchanges, the IPO has witnessed enthusiastic forgen Invest participation, particularly in the retail and NII segments, indicating high confidence in the company’s growth trajectory. The employee quota has also seen oversubscription, reflecting internal optimism about HDB Financial’s future.
About HDB Financial Services
A subsidiary of HDFC Share Bank, HDB Financial offers a range of secured and unsecured loan products and BPO services. With a strong distribution network and a consistent track record of profitability, it’s well-positioned in India’s rapidly expanding NBFC space
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Grey Market Premium (GMP) on the Rise
Alongside strong subscription figures, the Grey Market Premium (GMP) for HDB Financial has also seen a notable uptick. This surge reflects rising investor sentiment and expectations of listing gains, making the IPO even more attractive
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Investor Segments Response:
Retail Investors: Close to full subscription in just 2 days
NIIs (High Net Worth Individuals): Over 150% subscribed, showing high confidence
Employees: Subscribed 100% already – internal trust in the company’s vision
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Market Expert View
HDB Financial is an attractive pick due to its strong fundamentals, parent backing, and scalable business model. GMP movement is suggesting decent listing day gains.”
— Market Analyst, Mumbai
Comment:
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