HDB Financial Services sets IPO price band at Rs 700-740/ share

HDB Financial Fixes IPO Band at Rs 700–740.

Expert Analysis :

• IPO Price Band & Size: HDB Financial Services has set a price band of Rs 700–740 per share for its Rs 12,500 crore IPO.

• Valuation at Upper Band: At the upper end of the price band (Rs 740), the company is valued at nearly Rs 61,400 crore.

• Subscription Timeline: The IPO will open for subscription from June 25 to June 27, with anchor investor bidding on June 24.

• IPO Structure: The offering includes a fresh issue of Rs 2,500 crore and an Offer For Sale of Rs 10,000 crore by HDFC Bank.

• Bid Lot and Managers: Investors can bid for 20 shares and multiples thereof. The IPO is managed by 12 book-running lead managers, including JM Financial, Goldman Sachs, and Morgan Stanley.