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At 10:30 IST, the barometer index, the S&P BSE Sensex shed 11.96 points or 0.02% to 83,688.14. The Nifty 50 index lost 24.55 points or 0.10% to 25,516.65.
In the broader market, the S&P BSE Mid-Cap index fell 0.35% and the S&P BSE Small-Cap index declined 0.48%.
The market breadth was negative. On the BSE 1,481 shares rose and 2,093 shares fell. A total of 199 shares were unchanged.
New Listing:
Shares of HDB Financial Services were currently trading at Rs 836.65 at 10:10 IST on the BSE, representing a premium of 13.06% compared with the issue price of Rs 740.
The scrip was listed at Rs 835, exhibiting a premium of 12.83% to the issue price.
So far, the stock has hit a high of 845.75 and a low of 834.40. On the BSE, over 34.29 lakh shares of the company were traded in the counter so far.
Shares of Sambhv Steel Tubes were currently trading at Rs 100.75 at 10:10 IST on the BSE, representing a premium of 22.87% compared with the issue price of Rs 82.
The scrip was listed at Rs 110.10, exhibiting a premium of 34.26% to the issue price.
So far, the stock has hit a high of 110.89 and a low of 96.17. On the BSE, over 41.83 lakh shares of the company were traded in the counter so far.
Buzzing Index:
The Nifty Realty index declined 0.70% to 977.35. The index fell 4.15% in five consecutive trading sessions.
Anant Raj (down 1.66%), Prestige Estates Projects (down 1.42%), DLF (down 1.17%), Sobha (down 0.85%), Oberoi Realty (down 0.71%), Phoenix Mills (down 0.63%), Godrej Properties (down 0.58%), Brigade Enterprises (down 0.58%) and Macrotech Developers (down 0.03%) declined.
Stocks in Spotlight:
Hero MotoCorp rose 0.21%. The company reported dispatching 553,963 units of motorcycles and scooters in June 2025, marking a 10.03% increase compared to 503,448 units dispatched in June 2024.
JSW Energy shed 0.95%. The company said that its step-down subsidiary, JSW Renew Energy Thirty Seven has signed battery energy storage purchase agreements (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) for 250 MW/500 MWh standalone battery energy storage system.
Adani Ports and Special Economic Zone declined 0.21%. The company said that it has handled 41.3 MMT of cargo volume in June 2025, which is higher by 12% as compared with the volume of 37 MMT handled in June 2024.
So far, the stock has hit a high of Rs 110.89 and a low of Rs 96.17. On the BSE, over 51.41 lakh shares of the company were traded in the counter so far.
The initial public offer of Sambhv Steel Tubes received was subscribed 28.46 times. The issue opened for bidding on 25 June 2025 and it closed on 27 June 2025. The price band of the IPO is fixed between Rs 77 and 82 per share.
The offer comprised fresh issue of up to 5,36,58,537 equity shares at the upper price band of Rs 82 and 57142857 equity shares at the lower price band of Rs 77 aggregating Rs 440 crore and an offer for sale up to 1,21,95,122 equity shares crore at the upper price band of Rs 82 and 1,29,87,013 equity shares crore at the lower price band of Rs 77 aggregating Rs 100 crore.
The company proposes to utilized the net proceeds from the issue towards pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company amounting Rs 390 crore and the balance towards general corporate purposes. As of April 30, 2025, the total outstanding borrowings of the company are Rs 554.585 crore including Rs 549.058 crore of fund based borrowings and Rs 5.527 crore of non-fund borrowings.
Sambhv Steel is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity as of March 31, 2024. It primarily manufactures value added products such as pre-galvanized (GP) coils, GP pipes, Stainless steel (SS) HRAP (hot rolled annealed and pickled) coils, SS cold rolled (CR) coils at the Kuthrel facility. The company has installed a captive power plant which, as of March 31, 2025, operates with an installed capacity of 25 MW (comprising a 16 MW waste heat recovery boiler (WHRB) and nine MW atmospheric fluidized bed combustion (AFBC) system) that provides a localized source of power to its Sarora facility.
Ahead of the IPO, Sambhav Steel Tubes on Tuesday, 24 June 2025, raised Rs 161.24 crore from anchor investors. The board allotted 1.96 crore shares at Rs 82 each to 19 anchor investors.
The firm reported a standalone net profit of Rs 40.69 crore and a total income of Rs 1,016.09 crore for the nine months ended on 31 December 2024.