HDB Financial shares, back at IPO price, have an important session on Monday

As its shareholder lock-in period draws to a close, shares of HDB Financial Services Ltd., the non-bank lending division of India's biggest private lender HDFC Bank Ltd., will be the subject of attention on Monday, September 29. On Monday, HDB Financial, one of the largest initial public offerings (IPOs) of the year, will conclude its three-month shareholder lock-in period. Nuvama Alternative & Quantitative Research estimates that on Monday, up to 2.28 crore HDB Financial Services shares will be available for trading. Three percent of the company's outstanding equity will be available for trading.