The much-awaited IPO of HDB Financial Services, a non-banking financial company backed by HDFC Bank, will open for subscription on June 25, according to reports. The issue will be available for subscription till June 27.
This will be the largest offer since Hyundai Motor India’s Rs 27,000 crore issue last year and the biggest for the current calendar. The listing will also mark the entry of another major HDFC Group entity into the public markets, following HDFC Bank and the now-merged HDFC.
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