D-Street Set for IPO Deluge This Week

HDB Financial's ₹12,500-cr IPO to Open on June 25

- NESIL STANEY Mumbai, June 19

The coming week is packed with both SME and mainboard initial public offerings (IPOs), with several major launches across sectors such as finance, infrastructure, and healthcare. Bankers involved in these transactions say there is strong bullishness in the equity markets, spanning IPOs, qualified institutional placements (QIPs), and block deals.

HDB Financial Services IPO is the largest next week. It opens on June 25 and closes on 27 June, with tentative listing on both exchanges on 1-2 July. The bookbuilding is of ₹12,500 crore. This includes a combination of a fresh issue of ₹2,500.00 crores and an offer for sale of ₹10,000 crore. The price band is yet to be announced.