Why is there discounting in valuation for HDB Financial's IPO?

Vaishnavi Mishra, Published on Jun 21st, 2025

Why is there discounting in valuation for HDB Financial's IPO?

HDB Financial announced a price band of ₹700–740 for its initial public offering, marking a 40% discount from its prevailing unlisted market price. Managing Director Ramesh G said the company arrived at the valuation after discussions with investors and bankers. "We worked with them to arrive at the value…IPO is a journey, not something that is an end," he added.

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