HDB Financial Services and Sambhv Steel Tubes IPOs List with Strong Gains on NSE

On July 2, 2025, two highly anticipated initial public offerings (IPOs) – HDB Financial Services and Sambhv Steel Tubes – made their market debut on the National Stock Exchange (NSE). Both companies delivered solid listing gains, offering healthy profits to investors across retail and High Net-worth Individual (HNI) categories.

HDB Financial Services IPO: Modest Gains on a High-Profile Debut

HDB Financial Services, a non-banking financial company (NBFC) backed by HDFC Bank, listed at ₹835.00 on NSE, compared to its offer price of ₹740.00. This translates to a listing premium of 12.84%.

Issue Details:

• IPO Price Band: ₹730 – ₹740 per share
• IPO Dates: June 25 to June 27, 2025
• Listing Exchange: NSE
• Retail Lot Size: 20 shares
• Total Subscription: Oversubscribed in all investor categories

Listing Day Gains:

• Retail Investors (1 Lot): Profit of ₹1,900
• HNI Investors (1 Application): Profit of ₹26,600

The issue saw strong participation from all investor segments, with a firm allotment in the retail category and strong oversubscription in the HNI segment. The debut performance reflects investor confidence in the company’s fundamentals and brand strength.

Sambhv Steel Tubes IPO: A Robust 34% Premium on Listing

Sambhv Steel Tubes Limited, a manufacturer of steel pipes and tubes, outperformed market expectations with a sharp listing at ₹110.00 against the IPO issue price of ₹82.00 – registering a listing gain of 34.15%.

Issue Details:

• IPO Price Band: ₹82 per share (Fixed Price)
• IPO Dates: June 25 to June 27, 2025
• Listing Exchange: NSE
• Retail Lot Size: 62 shares
• Total Subscription: Strong demand, particularly in the HNI category

Listing Day Gains:

• Retail Investors (1 Lot): Profit of ₹5,096
• HNI Investors (1 Application): Profit of ₹71,344

Despite being a smaller SME IPO, Sambhv Steel Tubes managed to attract investor interest, resulting in a significant premium on the listing day.

Market Sentiment and Outlook

The strong listing of both IPOs, especially on a day when broader markets traded with moderate volumes, indicates continued investor appetite for fundamentally sound IPOs with growth prospects. With listing gains being a key motivator for IPO participation, these outcomes could further energize sentiment in the primary market.

Market analysts suggest watching post-listing price stability and volume trends to assess long-term prospects for both stocks.

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