Mumbai: HDB Financial Service Limited listed Rs 12500 IPO without SEBI NOC . In Scores complaint they did not provided SEBI NOC copy to investors . The reply is also misleading that it got exchange in principle approval. This approval is among 50 NOCs for IPO application. In last SEBI give NOC for public listing . NSE and BSE can only proceed in IPO after SEBI NOC. It is fraud with investors and public has right to see SEBI NOC.