Mega IPO week: HDB Fin Services and more to raise more than Rs 15,000 crore
Kolkata: Missiles might be raining over Israel and Iran in a conflict that has the potential of upsetting India’s energy calculations — mainly crude oil and LNG prices — driving a somber note among secondary market investors, but in the IPO market it’s raining IPOs this week. As many as five mainline IPOs and 11 SME new issues are hitting the Dalal Street to offer shares that are worth about Rs 15,800 crore. Have a look at the list. From the financial majors to steel manufacturers, the companies offering their shares span a lot of important sectors.
HDB Financial Services is an NBFC (non-banking financial company) backed by the biggest private sector bank in India HDFC Bank. Its IPO is designed to raise Rs 12,500 crore. The issue opens on June 25 and closes on June 27.........
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