IPO Wrap, June 25: HDB Financial offer booked 37%, Sambhv Steel Tubes sees 0.60x subscription on day 1

With 10 initial public offerings (IPOs) being active, the primary market on Wednesday, June 25, witnessed a busy day.

Among them, the new IPOs that opened on Wednesday were HDB Financial Services, Sambhv Steel Tubes, Suntech Infra Solutions, Supertech EV and Rama Telecom.

The initial public offer of HDB Financial Services Ltd, a subsidiary of HDFC Bank, received 37% subscription on the first day of bidding on Wednesday.

The initial share sale got bids for 48,598,380 shares against 130,442,855 shares on offer, as per NSE data till 5 pm.

The category for non-institutional investors attracted 76% subscription, while the quota for Retail Individual Investors (RIIs) got 30% subscribed.

The IPO of Sambhv Steel Tubes opened for subscription on Wednesday, June 25, and was subscribed 0.60 times by the end of the day.

Data from the NSE showed that till 5 PM, the issue received bids for 29,679,832 shares against the offered 49,206,100 shares.

The portion reserved for the non-institutional investors (NIIs) category was subscribed to 0.68 times, while the retail individual investors (RIIs) category saw a subscription of 0.57 times. The portion reserved for qualified institutional buyers, or QIBs, was booked 0.60 times on the first day.

Ellenbarrie Industrial Gases IPO has been subscribed to 0.31 times on the second day of bidding. It had received 4,729,488 bids against 15,108,983 reserved shares.

Incorporated in 1973, Ellenbarrie Industrial Gases provides essential gases such as oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, nitrous oxide, dry ice, firefighting gases and others. The company’s portfolio of gases serves critical functions across industries from public and private entities.

Ellenbarrie Industrial Gases IPO aims to raise ₹852.5 crore through its public issue. The IPO is a combination of a fresh issue and an offer for sale. The fresh issue consists of 1 crore shares worth ₹400 crore, while the offer for sale component is 1.1 crore shares worth ₹452.5 crore.

Civil construction and infrastructure development player Globe Civil Projects' initial public offering has been subscribed to 15.26 times on Wednesday, the second day of bidding.

The ₹119 crore initial public offering has secured 17,90,07,336 bids compared to 1,17,32,392 shares on offer, according to the consolidated data on NSE until 5 pm.

The part for retail investors attracted 16.72 times the subscription, as they applied for 9,808,482 shares compared to 5,866,196 shares reserved for them.

The category for non-institutional investors (NIIs) was subscribed to 21.31 times. They submitted applications for 5,358,661 shares as against the 2,514,084 shares offered.

The qualified institutional buyers (QIBs) quota received 8.15 times the subscription, with bids for 2,73,35,894 shares compared to 33,52,112 shares reserved.

The initial public offering (IPO) of Kalpataru Limited was subscribed to 0.35 times on the second day of the bidding process on Wednesday, June 25.

According to the National Stock Exchange (NSE) data till 5 PM, the issue has received bids for 7,959,780 shares against the offered 22,826,516 shares.

The portion reserved for the non-institutional investors (NIIs) category was subscribed to 0.45 times, while the retail individual investors (RIIs) category saw a subscription of 0.72 times. The portion reserved for qualified institutional buyers, or QIBs, saw a subscription of 0.17 times.

The initial public offering (IPO) of Rama Telecom on its first day of subscription saw good demand from the investors.

Till 5 pm, the IPO received an 11.30 times subscription, garnering bids for 4,17,57,840 shares as against the 36,96,000 shares on offer, according to data on the NSE website.

The IPO, priced in the range of ₹65-68 per equity share, will remain open until June 27. At the upper end of the price band, Rama Telecom will fetch about ₹25.13 crore from the issue.

The SME issues of Shri Hare-Krishna Sponge Iron were fully subscribed on the second day. The IPO was booked 1.11 times until 5 PM on Wednesday. It received 4,026,000 bids against 3,630,000 reserved shares.

The BSE SME IPO of AJC Jewel has been subscribed to 75% on the last day of the offer, on Wednesday. It secured bids for 813,600 shares compared to 1,083,600 shares on offer, according to the data till 5 pm.

Icon Facilitators, the BSE SME IPO, was subscribed 0.91 times until 5 PM on the second day of its bidding. It received 1,908,000 bids against 2,100,000 reserved shares.