HDB Financial Services IPO: Rs 12,500 cr bet or conflict trap with HDFC Bank? 10 risks you can’t ignore

HDB Financial Services is launching a Rs 12,500-crore IPO, opening June 25, with a price band of Rs 700-740. Investors should consider ten key risks, including potential ownership reduction by HDFC Bank due to RBI regulations and rising gross stage 3 loans. Conflicts of interest with HDFC Bank and reliance on BPO services also pose concerns.