HDBB Financial services are coming to the IPO soon. This IPO has already come to the Gray Market. HDB Financial IPO is worth Rs. This is the largest IPO of the year. Earlier, Hyundai Motor India had received an IPO of Rs. This is the largest IPO. Therefore, the attention of investors is on this.
HDB pays financial services to people and professionals. They offer products such as personal loans, vehicle loans, gold loans and loans on property. The company does more work in small cities and villages. The company will use the money received from the IPO to increase its capital and increase the debt business (Photo courtesy – istock)
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- When will this IPO start?
The IPO will open on June 7 and close on June 7. The shares will be allotted on June 7. The company will issue Rs 1.5 crore shares of Rs. At the same time, 1.5 crore shares of Rs. 3,000 crore will be issued under OFS.
- What is the Price Band?
The face price of this stock is Rs 5. Its price is between Rs. One lot has 3 shares. It will have to invest Rs. Retail investors can book a maximum of 5 lots.
- When will the listing be?
HDB Financial Shares can be listing on BSE and NSE on July 7. BSE and NSE are two major stock markets in India. It all depends on getting government approval.
- Will HDFC also sell shares?
HDFC Bank will sell shares of Rs. HDFC Bank has a 91.9% share in the company. The bank is selling shares to improve its capital. Some shares are reserved for HDB Financial employees and HDFC Bank’s shareholders in the IPO.
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- What is GMP?
Its IPO is smoking in the gray market. His gray market premium (GMP) was Rs. Accordingly, this IPO can be listed for Rs 5 with a premium of 1.5%. If this happens, investors can get a good profit on listing.
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