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

Globe Civil Projects allotment is expected to be finalised on June 27. Globe Civil Projects Ltd.'s initial public offering was subscribed 86.04 times on the third and final day of bidding on Thursday.

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Kalpataru IPO allotment is expected to be finalised on June 27, The initial public offering of Kalpataru Ltd. was subscribed 2.26 times on its final day, with bids led by qualified institutional investors.

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The allotment status for the Ellenbarrie Industrial Gases IPO is expected to be finalised on June 27. Ellenbarrie Industrial Gases' initial public offering was oversubscribed on the third day, with bids led by qualified institutional investors.

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The issue has been subscribed 0.50 times or 50% as of 10:24 a.m.

• Qualified Institutions: 0.05 or 5%.

• Non-Institutional Buyers: 0.36 or 36%.

• Retail Investors: 0.85 times or 85%.

• Portion reserved for employees: 0.07 or 7%.

The HDB Financial Services IPO has been subscribed 1.32 times on Friday as of 10:09 a.m.

• Qualified Institutions: 0.90 times or 90%

• Non-Institutional Buyers: 2.87 times

• Retail Investors: 0.70 times or 70%.

• Portion reserved for employees: 3.07 times

• Reservation portion for shareholders: 1.89 times

Sambhv Steel Tubes IPO has been subscribed 1.87 times on Friday as of 10:03 a.m.

• Qualified Institutions: 0.61 times or 61%

• Non-Institutional Buyers: 3.50 times.

• Retail Investors: 1.90 times.

• Portion reserved for employees: 1.54 times

Welcome to NDTV Profit's live coverage of mainboard IPOs. The last day of an eventful week for primary market investors also marks the final day of bidding for initial public offerings of HDB Financial Services Ltd. and Sambhv Steel Tubes Ltd.

Along with that, Indogulf Cropsciences Ltd. has opened for its second day of subscription.

Stay tuned to catch all the IPO updates for Friday.