HDB Financial Services IPO Day 1: Issue booked 37%; employee portion subscribed 1.77 times
The initial public offering (IPO) of HDB Financial Services, a subsidiary of India’s largest lender, received a total subscription of 37 per cent on Wednesday (June 25), the first day of the bidding process. Investors placed bids for 4,86,40,680 shares out of the 13,04,42,855 shares available, according to the BSE data. The portion reserved for…