HDB Financial Services IPO Updates: Issue Subscribed Over Eight Times; Check GMP

According to InvestorGain, the grey market premium for the HDB Financial Service IPO was Rs 58 as of 3:36 p.m. on June 27. This implies shares of the company will likely list at Rs 798 apiece, indicating an 7.84% premium to the upper end of the price band (Rs 740).

The IPO has been subscribed 4.07 times as of 1:12 p.m. on Friday, as per NSE data.

• Qualified Institutional Buyers - 8.11 times

• Non Institutional Investors - 6.56 times

• Retail Investors - 1.02 times

• Employees - 4.32 times

• Shareholders - 3.08 times

Sambhv Steel Tubes IPO has been subscribed 6.41 times on Friday as of 12:42 p.m.

• Qualified Institutions: 6.27 times

• Non-Institutional Buyers: 12.22 times.

• Retail Investors: 4.06 times.

• Portion reserved for employees: 2.73 times

According to InvestorGain, the grey market premium for the HDB Financial Service IPO was Rs 65 as of 11:32 a.m. on June 27. This implies shares of the company will likely list at Rs 805 apiece, indicating an 8.78% premium to the upper end of the price band (Rs 740).

The IPO has been subscribed 2.03 times as of 11 a.m. on Friday, as per NSE data.

• Qualified Institutional Buyers - 1.81 times

• Non Institutional Investors - 4.67 times

• Retail Investors - 0.87 times

• Employees - 3.58 times

• Shareholders - 2.51 times