HDB Financial, Sambhv Steel, Globe Civil Projects, Ellenbarrie, Kalpataru: How these IPOs are faring in terms of subscription

The IPO season is in full swing, with as many as five mainboard initial public offerings open for subscription. The IPOs that are live include HDB Financial Services, Globe Civil Projects, Sambhv Steel Tubes, Kalpataru, and Ellenbarrie Industrial Gases.

In this article, we will be discussing how these IPOs are faring in terms of subscription.

HDB Financial Services IPO

The initial public offering of HDB Financial Services received 37% subscription on the opening day on Wednesday. The initial share sale secured bids for 4,85,98,380 shares compared to 13,04,42,855 shares on offer, as per consolidated data on the NSE.

Non-institutional investors (NIIs) subscribed their part 76%, while retail investors attracted 30% subscription. The qualified institutional buyers (QIBs) category got subscribed 1%.

The ₹12,500-crore IPO, which will conclude on June 27, has set a price band of ₹700 to ₹740 per share. The issue consists of new equity shares aggregating to ₹2,500 crore and an offer for sale (OFS) component of ₹10,000 crore.

Sambhv Steel Tubes IPO

Here's how different investor categories subscribed to the Sambhv Steel Tubes IPO

• NIIs: 68%
• QIBs: 60%
• Retail investors: 57%

Globe Civil Projects IPO

The category-wise subscription details are as follows:

• NIIs: 21.31 times
• Retail investors: 16.72 times
• QIBs: 8.15 times

Ellenbarrie Industrial Gases IPO

The non-institutional investors applied to 58% of shares reserved for them, while the retail investors portion was subscribed 37%.

Kalpataru IPO

The retail investors portion got subscribed 72%, while the NIIs quota received a 45% subscription. The category for QIBs fetched a 17% subscription.