<p>New Delhi: Shares of <a href="https://www.deccanherald.com/business/companies/hdb-financial-services-rs-12500-crore-ipo-priced-at-rs-700-740-3595780">HDB Financial Services Ltd</a>, a subsidiary of HDFC Bank, on Wednesday got listed with a premium of nearly 13 per cent against the issue price of Rs 740.</p>.<p>The company's stock started trading at Rs 835, a jump of 12.83 per cent from the issue price on the BSE. Later, it surged 14.29 per cent to Rs 845.75.</p>.<p>At the NSE, shares of the firm listed at Rs 835.</p>.HDB Financial Services IPO sails through on Day 2; subscribed 1.16 times.<p>The company commanded a market valuation of Rs 69,658.72 crore during the initial trade.</p>.<p>The Rs 12,500-crore initial share sale of HDB Financial Services got subscribed 16.69 times on the closing day of bidding on Friday last week, amid encouraging participation from institutional buyers.</p>.<p>The mega initial public offer (IPO) had a price band of Rs 700-740 per share.</p>.<p>The IPO was a combination of a fresh issue of equity shares worth Rs 2,500 crore and an offer-for-sale (OFS) of Rs 10,000 crore by the promoter HDFC Bank.</p>.<p>The company proposes to utilise proceeds from the fresh issue to strengthen its tier-I capital base. This will support future capital needs, including additional lending, to support business growth.</p>.<p>The HDB Financial IPO was the second biggest in the last three years after South Korean automaker Hyundai's Rs 27,000-crore offer. </p>
<p>New Delhi: Shares of <a href="https://www.deccanherald.com/business/companies/hdb-financial-services-rs-12500-crore-ipo-priced-at-rs-700-740-3595780">HDB Financial Services Ltd</a>, a subsidiary of HDFC Bank, on Wednesday got listed with a premium of nearly 13 per cent against the issue price of Rs 740.</p>.<p>The company's stock started trading at Rs 835, a jump of 12.83 per cent from the issue price on the BSE. Later, it surged 14.29 per cent to Rs 845.75.</p>.<p>At the NSE, shares of the firm listed at Rs 835.</p>.HDB Financial Services IPO sails through on Day 2; subscribed 1.16 times.<p>The company commanded a market valuation of Rs 69,658.72 crore during the initial trade.</p>.<p>The Rs 12,500-crore initial share sale of HDB Financial Services got subscribed 16.69 times on the closing day of bidding on Friday last week, amid encouraging participation from institutional buyers.</p>.<p>The mega initial public offer (IPO) had a price band of Rs 700-740 per share.</p>.<p>The IPO was a combination of a fresh issue of equity shares worth Rs 2,500 crore and an offer-for-sale (OFS) of Rs 10,000 crore by the promoter HDFC Bank.</p>.<p>The company proposes to utilise proceeds from the fresh issue to strengthen its tier-I capital base. This will support future capital needs, including additional lending, to support business growth.</p>.<p>The HDB Financial IPO was the second biggest in the last three years after South Korean automaker Hyundai's Rs 27,000-crore offer. </p>