Six IPOs on the D street today. (Image: Ndtv Profit)
8 months ago
Jun 27, 2025
The primary markets were buzzing again with six new mainboard offerings today. Indogulf Cropsciences Ltd. has hit the D-street and is open for bidding. HDB Financial saw full subscription while Globe Civil Projects saw an increase In GMP.
The Grey Market Premium for Ellenbarrie Industrial Gases is at Rs 27.5 as of 3:54 p.m. on Thursday, as per InvestorGain. The estimated listing price is Rs 427.5, implying a 6.88% premium over the upper end of the price band.
GMP or grey market price is not an official indicator and is based on market speculation.
Kalpataru IPO Live Updates: Subscribe, Says Lemonn Markets Desk
"We maintain a 'Subscribe' view on Kalpataru, driven by its competitive valuation vis-à-vis peers, robust presence in the ERW steel pipes and tubes segment, and improving financial profile," said Gaurav Garg of Lemonn Markets Desk.
The company's strategic land deals, improving financials, and strong brand presence in the MMR real estate market contribute to the analyst's positivity, but they advice cautioning on aggressive pricing.
Indogulf IPO Live Updates: Retail Investors Lead Bids
Retail investors have subscribed to 53% of the Indogulf mainboard offering, while non-institutional investors came second with 19% subscription as of 02:54 p.m. The IPO has been subscribed 31% so far on day one.
The Grey Market Premium for Globe Civil Projects increased to Rs 17 from Rs 15 as of 1:02 p.m. on Thursday, as per InvestorGain. The estimated listing price is Rs 88, implying a 23.94% premium over the upper end of the price band.
GMP or grey market price is not an official indicator and is based on market speculation.
IPO Live Updates: Sambhv Steel Tubes Fully Subscribed On Day 2
The initial public offering of Sambhv Steel Tubes has been subscribed 1.17 times as of 1:18 p.m. on Thursday. The IPO saw major action from NIIS (subscribed 1.78 times) and RIIS (1.24 times).
The grey market premium of the HDB Financial Service IPO is Rs 51.5 as of 10:58 a.m. on Thursday, according to InvestorGain. This implies shares of the company will likely list at Rs 791.5 apiece, indicating a 6.96% premium to the upper end of the price band.
Indogulf Cropsciences Ltd. public offering is worth Rs 200 crore. The company has set a price band at Rs 105 to Rs 111 per share for the IPO. The IPO includes an offer-for-sale component, through which two existing shareholders of the company would offload equity shares to raise Rs 40 crore.
Incorporated in 1993, Indogulf Cropsciences is engaged in manufacturing crop protection products, plant nutrients, and biologicals in India.
HDB Financial Services IPO Live Updates: Termed "Bellwether" For Indian NBFCs
"The Rs 12,500 crore HDB Financial Services IPO marks a pivotal moment for India's NBFC sector – not just as the largest NBFC debut to date, but as a test case for how public markets value diversified lenders in an era of tightening regulations and evolving credit demand," said Tarun Singh, MD and Founder, Highbrow Securities.
The primary markets are buzzing again with six new mainboard offerings today. The street will see Indogulf Cropsciences Ltd. IPO opening today.
HDB Financial Services Ltd. and Sambhv Steel Tubes Ltd. will have their second day of bidding, while Globe Civil Projects Ltd., Kalpataru Ltd. and Ellenbarrie Industrial Gases Ltd. will open for bidding for the last day.
