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HDB Financial Services' Rs 12,500 crore IPO opens; GMP at 10%. Should you bid?
HDB Financial Services, backed by HDFC Bank, launched its IPO aiming to raise Rs 12,500 crore. The IPO, open until June 27 with a price band of Rs 700-740, comprises a fresh issue and an offer for sale by HDFC Bank. Analysts recommend subscribing, citing strong financials, asset quality, and growth prospects, with listing expected in early July.
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