HDB Financial Services, Kalpataru IPO GMPs rise up to 7%; Issues to open this week - check key details

HDB Financial Services and Kalpataru are set to debut on the stock market with their initial public offerings (IPOs) this week, capturing the attention of investors. HDB Financial Services is scheduled to launch its IPO on June 25, while Kalpataru will open its share sale a day earlier, on June 24. The grey market premiums (GMPs) for both companies have seen a rise of up to 7%, indicating strong investor interest and positive market sentiment as these dates approach. The increased GMPs suggest that investors are optimistic about the potential returns from these offerings. HDB Financial Services, a subsidiary of HDFC Bank, is eyeing substantial capital to bolster its financial services portfolio. On the other hand, Kalpataru, a prominent real estate player, aims to leverage the IPO proceeds to expand its development projects and strengthen its market position. Both companies have outlined strategic growth plans that are likely contributing to the heightened investor enthusiasm. As the IPOs open, potential investors are advised to consider the companies' financial health, sector performance, and future growth prospects. These public offerings come at a time when the market is showing signs of recovery, and investors are keen on opportunities that promise robust growth. With the IPOs just around the corner, all eyes are on the subscription rates and the subsequent market performance of these two key players.

— Authored by Next24 Live