IPO-bound HDB Financial stock soars in unlisted market

HDB Financial Services, owned by HDFC Bank, is planning a ₹12,500 crore IPO, aiming to be the largest NBFC listing in India. While unlisted market shares surged to ₹1,200, experts predict a more realistic IPO price of ₹750-₹800. The listing is driven by RBI regulations requiring upper-layer NBFCs to go public.