ET Intelligence Group: Net inflow of foreign portfolio investors (FPI) in the Indian primary market hit a seven month high of $1.7 billion (₹14,247 crore) amid buoyancy in initial public offerings (IPO). The previous high was in December 2024 when FPIs had invested $2.1 billion (₹18,036 crore) through the primary route. Primary market includes IPOs…
Shares of HDFC Life and ICICI Lombard were in the green on July 16 after both insurers posted their June quarter results. On the flip side, HDB Financial Services slipped in early trade after its earnings disappointed the Street. ICICI Lombard rose 2 per cent to Rs 2,045 after the company delivered decent results, especially…
HDB Financial Services made a bumper debut on D-Street on July 2, with shares listing at Rs 840, a 13 per cent premium over the IPO price of Rs 740. With this, the HDFC Bank subsidiary instantly joined the elite club of India’s top 10 non-banking financial companies (NBFCs), securing the eighth spot with a market capitalisation…
HDB Financial Services Listing: HDFC Bank’s subsidiary, HDB Financial Services Limited, made a decent debut on the stock exchanges on Wednesday, July 2, listing at nearly a 13 per cent premium. The listing reflected solid investor interest in its maiden public issue. On the NSE, the shares opened at Rs 835 apiece, registering a 12.84…
After months of anticipation and a healthy response from investors, HDB Financial Services is finally set to debut on the stock exchanges on July 2. Backed by HDFC Bank, the non-banking financial company (NBFC) is poised to enter the secondary market amid strong demand and a GMP of Rs 71 – indicating a likely 9.6%…