By the way, there were two IPO clases on Friday, and both IPOs received tremendous response in the last few hours. The first name is HDB Financial Services, which is the non-banking financial branch of HDFC Bank, the country’s largest bank, the subscription data of this IPO has shocked everyone on the last day. While the possible steel tubes IPO have also received excellent response.
QIB’s great confidence in HDB’s IPO
The IPO of HDB Financial Services was opened on June 25, and a total of 17.65 times subscribed by the third day. He showed great interest from investors regarding this IPO. According to NSE data, bids were received for 217 crore shares against the offer of 12.33 crore shares. The price band of the IPO was Rs 700-740 per share.
Qualified Institutional Buyers (QIB) showed the most enthusiasm about HDB’s IPO, who subscribed to the reserved part of themselves 58.64 times. Non-Integational Investors (NII) filled 10.55 times, the lowest retail share was just 1.51 times subscribed. The way the lowest retail share is one and a half times, this has the highest allotment choice for retail investors.
Let me tell you, it is one of the largest IPOs of an NBFC in India, including a fresh issue of Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore. Gray Market Premium (GMP) stood at Rs 60-65, which indicates 8-10% listing benefits at an upper price of Rs 740. The stock allocation is expected to be decided on June 30, and the listing will be on BSE and NSE on 2 July.
Sambhv Steel Tubes IPO
The IPO of Rs 540 crore of Sambhav Steel Tubes Limited, which was open on 25 June 2025, was open on 25 June 2025, 30.30 times on the third and final day (27 June). The price band of this IPO was Rs 77-82 per share. Qualified Institutional Buyers (QIB) subscribed by 66.36 times, Big Non-Estational Investors (BNII) 35.82 times, Small NII 29.99 times. Retail investor’s share filled around 8.49 times.
The company released a fresh issue of Rs 440 crore and an offer for sale of Rs 100 crore. Gray Market Premium (GMP) stood at Rs 11-12, indicating 13-14% listing benefits at an upper price of Rs 82. The stock allocation will be on June 30, and the listing can be done on 2 July.