IPO Updates: QIBs Pour In Globe Civil Bids; Kalpataru, Ellenbarrie See Sluggish End Of Day One
Kalpataru, Globe Civil Projects, Ellenbarrie Industrial Gases offerings; from GMP to subscription status, catch all the live updates here!

KEY HIGHLIGHTS
- Oldest First
IPO Updates: The End
We come to an end of day one's coverage of the ongoing mainboard IPOs. See you tomorrow, as we add HDB Financial Services and Sambhv Steel Tubes to the stack!
Globe Civil IPO Live Updates: QIBs Rush In
The Globe Civil Projects IPO was subscribed 6.97 times on Tuesday.
Qualified Institutions: 8.06.
Non-Institutional Buyers: 8.16 times.
Retail Investors: 5.83 times.
Ellenbarrie IPO Live Updates: Sluggish End To Day One Bids
The Ellenbarrie Industrial Gases IPO was subscribed 0.08 times on Tuesday.
Qualified Institutions: nil.
Non-Institutional Buyers: 0.05 times.
Retail Investors: 0.13 times.
Kalpataru IPO Live Updates: Retail Investors Led Day One Bids
The Kalpataru IPO was subscribed 0.09 times on Tuesday.
Qualified Institutions: nil.
Non-Institutional Buyers: 0.10 times.
Retail Investors: 0.33 times.
Portion reserved for employees: 0.18 times.
IPO Live Updates: Choice Broking On Kalpataru
At the higher price range, Kalpataru is seeking an EV/Sales multiple of 9.3×, which still trades at a discount compared to peer averages of around 12.5×, says the brokerage.
"The company’s strong brand allows it to command a premium pricing strategy, reflecting solid pricing power. However, a high debt load introduces financial prudence concerns. Thus, we recommend a "subscribe for long term" rating for this issue," they added.