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CosmicTaco
10mo

HDB Financial Services IPO Allotment Update

  • The IPO of HDB Financial Services, a key subsidiary of HDFC Bank, has garnered significant interest, with the allotment date anticipated soon.
  • Subscription for the public issue closed on June 27, with the allotment date likely pegged for June 30, and the listing expected by July 2.
  • Once allotment is finalized, shares will be credited to demat accounts, and refunds processed for unsuccessful bidders.
  • Investors can check allotment status online through BSE, NSE, or the IPO registrar's portal, MUFG Intime India Private Limited.
  • The IPO shows a robust grey market premium of ₹57 per share, indicating a bullish trend and a potential listing price of ₹797 per share.

Source: Mint

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