HDB Financial IPO: Another great opportunity is coming for those who invest money in IPO. Actually, after the IPO of Bajaj Housing Finance, non-banking finance company HDB Financial Services has started the process of launching an IPO. The company may soon file the draft papers to meet the RBI requirements required for the IPO. Its parent company is HDFC Bank. The board members of HDFC Bank, the parent company of NBFC HDB Financial Services, have approved the IPO last week.
what are the details
The board of directors has approved the IPO consisting of fresh issue of shares worth up to Rs 2,500 crore and offer for sale (OFS) by existing shareholders. HDB Financial Services said it may soon file draft documents for an IPO with the Securities and Exchange Board of India (SEBI). Experts said that given the strong demand in the capital market for high quality companies and depending on the valuations, many NBFCs may come up with IPOs. He said this is not only to meet the listing requirements of RBI but also to enable companies to more easily raise capital for growth after listing.
Also read: Investors broke down after buying shares worth 19 paise, price reached ₹ 4, continuously giving profits
Big IPOs coming continuously
Let us tell you that in the next two months, more than half a dozen companies including Hyundai Motor India, Swiggy and NTPC Green Energy are preparing to launch IPO to raise about Rs 60,000 crore. This will keep the IPO market bustling. Apart from these three companies, Afcons Infrastructure, Vari Energies, Niva Bupa Health Insurance, One MobiKwik Systems and Garuda Construction are among the companies which are preparing to launch IPO during October-November. These companies together can raise up to Rs 60,000 crore from IPO.
