Does the gray market premium? Decoding Gap to impose IPO on HDB Financial
HDB Financial Services‘coming Rs 12,500 crore IPO attracts attention – mostly because of this HDFC Bank Parent and preceding excitement in the Gray Market. But with Gray Market Premium (GMP) currently cools around Rs 50-51, or nearly 7% of the IPO price, the previous expansion appears to be far away. Before IPO details announced, HDB’s…