HDB Financial Services IPO subscribed 37% at the end of day 1

HDB Financial Services, a subsidiary of HDFC Bank, had a lukewarm debut with only 37% subscription and raised Rs 3,369 crore from anchor investors. Non-institutional investors showed the most interest with 76% subscription, while QIBs only received 1%. The IPO, valued at Rs 61,400 crore, will close on June 27 and is expected to be […]