MUMBAI — Shares of Indian nonbank lender HDB Financial Services rose 13% in early trade on Wednesday from their initial public offering price in their public market debut, after the country’s biggest initial public offering so far this year, worth 125 billion rupees ($1.46 billion).
The stock opened at 835 rupees on the National Stock Exchange, up 95 rupees from its IPO price of 740 rupees. That IPO price gave the company a market capitalization of 614 billion rupees.
