IPO Momentum Builds as HDB Financial, Crizac, Sambhv Steel List with Premiums
- 14th July 2025
- 12:00:00 AM
- 3 min read
Mumbai | July 14 – Have you been subscribing to IPOs, hoping for listing day gains? If so, here’s how the latest debuts have played out.
India’s primary markets are witnessing a measured revival, with several IPOs delivering listing gains even as broader markets consolidate near record highs. Over the past month, nine mainboard IPOs have listed on the NSE and BSE, reflecting renewed investor interest across sectors.
Quick Flash: Who Delivered on Listing Day
|
Company |
Listing Price (NSE) |
% Over Issue Price |
|
Travel Food Services |
₹ 1,125 |
2.30% |
|
Crizac |
₹ 281 |
14.70% |
|
Sambhv Steel Tubes |
₹ 110 |
34.10% |
|
HDB Financial |
₹ 835 |
12.80% |
|
Globe Civil Projects |
₹ 90 |
26.70% |
|
Ellenbarrie Industrial Gases |
₹ 486 |
21.50% |
|
Oswal Pumps |
₹ 634 |
3.20% |
Where Investors Booked Gains
- HDB Financial Services
Backed by HDFC Bank, HDB Financial listed at ₹835, a 12.8% premium over its ₹740 issue price. The ₹12,500 crore IPO saw 16.7x subscription, driven by investor confidence in the NBFC’s lending business across consumer, asset, and enterprise verticals.
- Crizac
Crizac, which operates in international student recruitment, delivered a 14.7% listing gain with shares opening at ₹281. Its IPO saw an impressive 60x subscription, reflecting investor interest in the education services segment amid rising student mobility.
- Sambhv Steel Tubes
The strongest performer among recent listings, Sambhv Steel Tubes debuted at ₹110, up 34.1% from its ₹82 issue price. The company, a manufacturer of ERW steel pipes and structural sections, saw 29x subscription, benefiting from optimism around infrastructure demand.
- Travel Food Services
The operator of airport-focused QSRs and lounges listed at ₹1,125, a modest 2.3% premium, indicating steady interest as air travel and passenger traffic continue to recover.
Why This Matters for Investors
These listing performances highlight pockets of optimism in the IPO market, with liquidity available for quality offerings despite broader market caution. Strong subscription levels underscore investor willingness to back credible business models with clear sector narratives.
What Should Investors Consider?
- Valuations vs. Hype: Premium listings are encouraging but should not override fundamentals in decision-making.
- Sector positioning: Financial services, infrastructure-linked manufacturing, and niche consumption remain favoured but require close monitoring.
- Post-listing strategy: IPOs can provide tactical gains, but sustained returns will depend on execution and sector tailwinds.
Bottom Line
The IPO market has delivered listing gains for investors who have focused on quality names. As more offerings come to market, selectivity and a clear view on valuations will be key to navigating opportunities.
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
