HDB Financial Services Lists At Premium, Company Looks At Growth
HDFC Bank subsidiary HDB Financial Services had a strong debut on D-Street with a premium of nearly 13% over IPO price. The company management said the focus will now be on the growth of the business and navigate challenging economic cycles.
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Sambhv Steel Tubes Listing Live: CEO Says Net Profit To Rise From Q2
Sambhv Steel management told NDTV Profit that after the proceeds from the IPO's fresh issue will be used for loan repayment and make the company net debt-free.
"Our PAT will increase in the second quarter because our interest costs will go down after repayments. The utilisation will now increase on facilities that were stalled year. So our Ebitda will also increase," CEO and MD Vikas Goyal said.
HDB Financial Services Listing Live: CEO Shares Future Roadmap
HDB Financial Services Managing Director G Ramesh said the NBFC business goes through cycles and so the company has a product portfolio approach to pursue business in those sectors of the economy that are likely to do well in 12-18 months to ride out these cycles.
He also said the company has met the regulatory requirement of a minimum 25% free float. Parent HDFC Bank will continue to own 74%.
HDB Financial Services Listing Live: CEO Speaks To NDTV Profit
After a successful debut on the stock market, HDB Financial Services Managing Director G Ramesh said the focus now will be on corporate governance and deliver the right value to shareholders over the long term.
HDB Financial Services Listing Live: CEO Says Listing Price Validates Business Model
HDB Financial Services Managing Director G Ramesh said the listing price is a validation of their business model.
"We are independent of HDFC Bank. On unsecured business, we will play out the cycles as it comes. Confident of managing through a credit environment in the unsecured business," he said at a press conference.
HDB Financial Services Listing Live: HDFC Bank CEO Speaks At Ceremony
"Today, HDB Financial Services stands ready to start a new chapter as a publicly traded entity. Our kid has become an adult," said HDFC Bank CEO and MD Sashidhar Jagdishan.
"The listing will provide HDB with the independent capital and visibility it needs to accelerate its growth trajectory, pursue new opportunities and further solidify its position in the market... The ringing of the bell today brings the company to a larger scale with new milestones to aim for and to achieve."
Sambhv Steel Tubes Lists At Premium Over IPO Price
After a blockbuster IPO, shares of Sambhv Steel Tubes listed at a premium of 23% on the stock market. The stock opened at Rs 110 on the NSE and BSE.
HDB Financial Services Shares List At 13% Premium
After a blockbuster IPO, shares of HDB Financial Services listed at a premium of 12.84% on the stock market. The stock opened at Rs 835 on the NSE and BSE.
Sambhv Steel Tubes Listing Live: Discovery Price Out
Sambhv Steel Tubes' discovery price is Rs 110, a 34% premium over the IPO price of Rs 82.
HDB Financial IPO Listing Live: Discovery Price Out
HDB Financial Services' discovery price is Rs 835, a 12.8% premium over the IPO price of Rs 740.
HDB Financial IPO Listing Live: Emkay Sees 22% Upside
Emkay Global initiated 'Buy' on HDB Financial Services with a share price target of Rs 900 apiece, suggesting a potential 22% upside on the stock over its issue price of Rs 740 per share. Emkay values the HDB Financial stock based on the estimated FY27 book value of three times.
Sambhv Steel Tubes Listing: Pre-Open Session Starts
The pre-open order placement session has started for Sambhv Steel Tubes.
This will last for 45 minutes (9:00 a.m. to 9:45 a.m.), during which orders may be entered, modified, and cancelled. No orders will be executed during this time.
The initial public offering of the steel pipes manufacturer was open for subscription from June 25 to June 27. The mainboard IPO closed with an overall subscription of 28.46 times on the last day of bidding on Friday.
HDB Financial IPO Listing Live: Pre-Open Session Starts
The pre-open order placement session has started for HDB Financial Services.
This will last for 45 minutes (9:00 a.m. to 9:45 a.m.), during which orders may be entered, modified, and cancelled. No orders will be executed during this time.
HDB Financial Listing Live: GMP Cues
HDB Financial IPO last GMP is Rs 65, last updated July 2, 7:35 a.m. With the price band of 740.00, HDB Financial's estimated listing price is Rs 805. The expected percentage gain/loss per share is 8.78%.
Source: Chittorgarh
HDB Financial Listing Live: Here's How Listing Price Is Decided
Stock exchanges conduct a special pre-open session for IPO shares on the day of listing. The price discovery happens between 9:00 a.m to 10:00 a.m.
The pre-open session is conducted in three parts:
The pre-open order placement session lasts 45 minutes (9:00 a.m. to 9:45 a.m.), during which orders may be entered, modified, and cancelled. No orders will be executed during this time.
The pre-opening order matching and execution session takes place between 9:45 am and 9:55 am. This is the time when the Exchange determines the equilibrium price (listing price) based on the demand and supply of IPO shares in the first 45 minutes. The orders that meet the price criteria are executed and the remaining orders are moved to the regular trading session.
Stock exchanges use the time between 9:55 a.m. and 10 a.m. to prepare IPO shares for regular trading.
HDB Financial Listing Live: Check Issue Price
HDB Financial Services' issue price is Rs 740. The issue price is always the upper price band of the IPO, unless the issue is undersubscribed.
HDB Financial Services IPO Listing Today
HDB Financial Services is set to make its stock market debut today, on Wednesday, following the successful closure of its initial public offering (IPO). The mainboard issue was one of the biggest IPOs in recent times. It’s also the largest public offer so far in 2025.
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