IPO GMPs: Sambhav Steel IPO vs HDB IPO vs Indogulf Cropsciences IPO: What grey market signals?

IPO GMPs: Sambhav Steel IPO vs HDB IPO vs Indogulf Cropsciences IPO: What grey market signals?

IPO GMPs: The IPO market sees six new offerings this week, with notable interest in HDB Financial Services and Sambhv Steel Tubes. Strong grey market premiums indicate positive listing prospects, while analysts suggest caution in comparing different sector IPOs.

HDB US$1.5 billion India IPO sold out as wealthy investors pile in

HDB Financial Services’ US$1.5 billion initial public offering, one of India’s biggest this year, sold out amid demand from wealthy investors seeking to buy a piece of the shadow-lending unit of the country’s top private bank.

Investor Rush: Sambhv Steel IPO Fully Subscribed Ahead Of Deadline - Business Connect Magazine

June 26 (PTI) On Thursday, the second day of bidding, Sambhv Steel Tubes’ first public offering was 1.76 times subscribed. Sambhv Steel IPO Receives Strong Response, Oversubscription Confirmed Data from the NSE shows that 8,64,61,830 shares were bid on in the first share auction, compared to 4,92,06,100 shares that were up for grabs. The retail individual investor (RII) quota received 1.83 times subscriptions, but the non-institutional investor …

HDB Financial Services IPO Subscribed By Over 1,600% On Last Day

The initial public offering of HDB Financial Services Ltd. was subscribed 16.69 times on its final day of bidding on Friday.Valued at Rs 12,500 crore, the IPO is set to be one of the largest by a non-banking financial company in India. The mainboard IPO includes a fresh issue of 3.38 crore shares worth Rs 2,500 crore and an offer for sale of 13.5 crore shares worth Rs 10,000 crore.BNP Paribas, JM Financial Ltd., Bofa Securities India Ltd., Goldm…