Mega IPOs Turn Into Mega Disasters: Can HDB Financial Break the ₹10,000 Crore Curse?
The Indian IPO market has witnessed a troubling trend—mega public offerings (IPOs) above ₹10,000 crore have repeatedly disappointed investors. From Paytm (2021) to LIC (2022), high-profile debuts have turned into long-term losses. Now, HDB Financial Services, the NBFC arm of HDFC Bank, is preparing for a ₹15,000 crore IPO in late 2025. This blog examines:…
