HDB Financial Services IPO saw 47% subscription on its second day. The IPO’s retail portion was subscribed 38%. Non-institutional investors subscribed 100%. LIC invested significantly as an anchor investor. The IPO comprises a fresh issue and offer for sale by HDFC Bank. Brokerage firms suggest subscribing, citing strong fundamentals.
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HDB Financial Services IPO subscribed 47% on Day 2; GMP slips to 7%
