IPO Updates: HDB Financial Bids Led By Employees; Sambhv Steel Halfway Subscribed On Day One

We come to an end of today's mainboard offering coverage on NDTV Profit. See you tomorrow!

Kalpataru Ltd.'s IPO was subscribed 0.35 times or 35% on Wednesday.

• Qualified Institutions: 0.17 times or 17%

• Non-Institutional Buyers: 0.45 times or 45%.

• Retail Investors: 0.73 times or 73%.

• Portion reserved for employees: 0.38 times.

Globe Civil Projects IPO subscribed 15.27 times on its second day of bidding.

• Qualified Institutions: 8.15 times

• Non-Institutional Buyers: 21.32 times

• Retail Investors: 16.74 times

The Ellenbarrie Industrial Gases IPO has been subscribed 0.31 times on Wednesday.

• Qualified Institutions: Nil.

• Non-Institutional Buyers: 0.58 times or 58%.

• Retail Investors: 0.37 times or 37%.

Sambhv Steel Tubes IPO has been subscribed 0.60 times on Wednesday.

• Qualified Institutions: 0.60 times of 60%.

• Non-Institutional Buyers: 0.68 times or 68%.

• Retail Investors: 0.57 times or 57%.

• Portion reserved for employees: 0.59 times or 59%.

The HDB Financial Services IPO has been subscribed 0.37 times on Wednesday.

• Qualified Institutions: 0.01 times or 1%.

• Non-Institutional Buyers: 0.76 times or 76%.

• Retail Investors: 0.30 times or 30%.

• Portion reserved for employees: 1.77 times.

• Reservation portion for shareholders: 0.70 times or 70%.

Sambhv Steel Tubes IPO has been subscribed 0.59 times on Wednesday as of 04:39 p.m.

• Qualified Institutions: 0.60 times of 60%.

• Non-Institutional Buyers: 0.65 times or 65%.

• Retail Investors: 0.56 times or 56%.

• Portion reserved for employees: 0.54 times or 54%.

"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.

Globe Civil Projects IPO subscribed 13.15 times as of 3:00 p.m. so far on second day.

• Qualified Institutions: 8.11

• Non-Institutional Buyers: 17.30 times

• Retail Investors: 14.24 times

Kalpataru Ltd. is subscribed 0.31 times or 31% as of 2:36 p.m.

• Qualified Institutions: 0.17

• Non-Institutional Buyers: 0.37 times or 37%.

• Retail Investors: 0.64 times or 64%.

• Portion reserved for employees: 0.32 times.

The HDB Financial Services IPO has been subscribed 0.22 times on Wednesday as of 2:09 p.m.

• Qualified Institutions: nil.

• Non-Institutional Buyers: 0.37 times or 37%.

• Retail Investors: 0.21 times or 21%.

• Portion reserved for employees: 1.26 times.

• Reservation Portion Shareholder: 0.43 times or 43%.

The Ellenbarrie Industrial Gases IPO has been subscribed 0.20 times on Wednesday as of 1:46 p.m.

• Qualified Institutions: Nil.

• Non-Institutional Buyers: 0.27 times or 27%.

• Retail Investors: 0.28 times or 28%.

The Kalpataru IPO has been subscribed 0.17 times on Wednesday as of 12:52 p.m.

• Qualified Institutions: Nil.

• Non-Institutional Buyers: 0.25 times or 25%.

• Retail Investors: 0.56 times or 56%.

• Employee Reserved: 0.28 times or 28%.

The grey market premium for the issue decreased to Rs 71 as of 10:32 a.m. after being Rs 74. This implies shares of the company will likely list at Rs 811 apiece, indicating a 9.59% premium to the upper end of the price band.

GMP or grey market price is not an official indicator and is based on market speculation.

The grey market premium for the issue rose to Rs 10 as of 10:30 a.m. after being Rs 5. This implies shares of the company will likely list at Rs 92 apiece, indicating a 12.20% premium to the upper end of the price band.

GMP or grey market price is not an official indicator and is based on market speculation.

The Globe Civil Projects IPO has been subscribed 9.60 times on Wednesday as of 11:30 a.m.

• Qualified Institutions: 8.07.

• Non-Institutional Buyers: 11.70 times.

• Retail Investors: 9.58 times.

Arisinfra Solutions Ltd. shares listed on the National Stock Exchange on Wednesday at Rs 205 apiece, a discount of 7% over its issue price of Rs 222 apiece. On the BSE, the stock debuted at Rs 209.10, a 5.18% discount.

Click here for more details on the stock.

Sambhv Steel Tubes IPO has been subscribed 0.08 times on Wednesday as of 10:57 a.m.

• Qualified Institutions: nil.

• Non-Institutional Buyers: 0.06 times or 6%

• Retail Investors: 0.14 times or 14%

• Portion reserved for employees: 0.15 times or 15%

The HDB Financial Services IPO has been subscribed 0.07 times on Wednesday as of 10:36 a.m.

• Qualified Institutions: nil.

• Non-Institutional Buyers: 0.09 times or 9%

• Retail Investors: 0.07 times or 7%

• Portion reserved for employees: 0.48 times or 48%

• Reservation Portion Shareholder: 0.12 times or 12%

The grey market premium for the issue is Rs 5 as of 9:28 a.m. This implies shares of the company will likely list at Rs 87 apiece, indicating a 6.10% premium to the upper end of the price band.

GMP or grey market price is not an official indicator and is based on market speculation.

The grey market premium for the issue is Rs 74 as of 9:37 a.m. This implies shares of the company will likely list at Rs 814 apiece, indicating a 10% premium to the upper end of the price band.

GMP or grey market price is not an official indicator and is based on market speculation.

HDB Financial IPO is a bookbuilding of Rs 12,500.00 crore. The issue is a combination of fresh issue of 3.38 crore shares aggregating to Rs 2,500.00 crore and offer for sale of 13.51 crore shares aggregating to Rs 10,000.00 crore. The issue price band is between Rs 700 to Rs 740 per share.

HDB Financial Services Ltd. is a retail-focused, non-banking financial company. The company also offer business process outsourcing.

Sambhv Steel Tubes Ltd. IPO is a bookbuilding of Rs 540 crore. The issue is a combination of fresh issue of 5.37 crore shares aggregating to Rs 440 crore and offer for sale of 1.22 crore shares aggregating to Rs 100 crore. The issue price band is between Rs 77 to Rs 82 per share.

Sambhv Steel Tubes Limited is a manufacturer of electric resistance welded steel pipes and structural tubes in India.

The Globe Civil Projects IPO was subscribed to 6.97 times on day 1. The bids were led by Qualified institutional investors or 8.06 times, non-institutional investors or 8.16 times, retail investors or 5.83 times.

Globe Civil Projects is an engineering, procurement, and construction company located in New Delhi.

The public issue was subscribed to 0.08 times on day 1. There were no bids by Qualified institutional investors, non-institutional investors or 0.05 times, retail investors or 0.13 times.

Ellenbarrie Industrial Gases is one of the largest 100% Indian-owned industrial gas companies in terms of installed manufacturing capacity, revenues and profitability.

The Kalpataru public issue was subscribed 0.09 times on day 1. There were no bids by Qualified institutional investors, non-institutional investors or 0.10 times, retail investors or 0.33 times.

Kalpataru Ltd. is a Mumbai-based integrated real estate development company.

Hello and welcome to our IPO live blog!

After a dull week with little action, the primary markets are buzzing again with five new mainboard offerings. HDB Financial Services Ltd. and Sambhv Steel Tubes Ltd. are set to open today while Globe Civil Projects Ltd., Kalpataru Ltd., Ellenbarrie Industrial Gases Ltd. will have second day of bidding.