HDFC Bank unit HDB Financial Services’ IPO opens today; GMP at 10%. Should you subscribe?

HDB Financial Services, backed by HDFC Bank, is launching its IPO on Wednesday, aiming to raise Rs 12,500 crore. The IPO, priced between Rs 700 and Rs 740, includes a fresh issue and an offer for sale by HDFC Bank. Brokerage houses recommend subscribing, citing strong financials, asset quality, and growth potential, with listing expected in early July.

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