When can you invest in HDB share price in stock exchanges?
If you want to know when to invest in HDB share price in stock exchanges, you have come to the right place. HDB Finance, a subsidiary of the largest private bank in India, HDFC Bank, from 2008, is increasing its loan book to over Rs. 66,000 crores now. Hence, many of its investors in the grey market want to know when its IPO will come to list HDB’s stock price in the exchanges. One of the significant reasons for the rapid rise of HDB Finance’s share price in the unlisted market is not only the IPO but also its increasing revenue and profit, apart from others; however, with the HDFC Bank board approving its IPO to raise Rs. 2,500 crores and OFS or offer for sale for existing shareholders like you to exit with huge profits or buy more to make more in the future.
So, check out all details about HDB Finance’s IPO or initial public offering and buy at the current HDB Financial share price on the exchanges to yield high returns.
Why is HDB Finance coming out with an IPO?
RBI, or Reserve Bank of India 2022, wanted all the NBFCs or nonbanking financial companies in the upper layer to come out with an IPO and list in the exchanges in two years. And with HDB Finance, classified by RBI to be in the upper layer, is next to Bajaj Finance, which came out with one of the big IPO and listed in the exchanges for giving high profits to investors, next came out with a similar IPO by the year-end of 2024. After the approval of the HDFC Bank board, the parent company of HDB Finance will come out with an IPO in August 2024. Also, talks are going on with top bankers and others to come out with an IPO sooner than later.
When can you sell or buy at the current HDB Finance share price in exchanges?
HDB Finance is one of the leading unlisted shares that rise to double within a year and for rapid rise in the future. It is after RBI’s mandatory requirement to list upper-layer NBFCs in exchanges and the steep increase in PAT or profit after tax from Rs. 378 to Rs. 2,461 crores from 2021 to 2024. Hence, an IPO valued at 7 to 8 billion dollars will come out with an IPO by year-end or in December 2024.
The above facts confirm that experts expect the IPO of HDB Finance to come by year-end and start 2025 with huge profits or to make more profits by investing at the top broker’s current HDB Finance share price. Stockify is a cutting-edge platform simplifies stock market trading for novice and experienced investors. It offers real-time data, user-friendly tools, and educational resources to enhance trading strategies. With a focus on transparency and accessibility, Stockify unlisted shares empowers users to make informed investment decisions and navigate the stock market confidently.
