HDFC Bank picks Rs 1 crore worth of stake in SME IPO with 64% GMP

HDFC Bank has acquired a stake worth Rs 1 crore in the SME IPO of Sahasra Electronics Solutions, representing 35,600 equity shares in the company ahead of its public offering. Sahasra Electronics Solutions, which specializes in electronics solutions for system design and manufacturing, raised approximately Rs 53 crore in the anchor round prior to the IPO launch.

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