HDFC Securities Ltd, founded in April 2000 is the stock broking and distribution arm of the HDFC Group for various financial products. It is the second largest broker in India, with approximately 700,000 customers and 260 + branches across India. It has a good dividend track record.
*Disclaimer: Investors should consider certain risk factors such as wide bid ask spread, delay in expected IPO, change in underlying business fundamentals impacting adversely on original investment rationale, security becoming further illiquid due to demand/supply imbalance and IPO floor may turn out to be lower than investors expectation.