New Delhi, July 30 -- HDB Financial Services share price surged by 7% in Wednesday's trading session, as the lock-in period for specific shareholders concludes today, releasing approximately 23 million shares of the company for trading. This accounts for about 3% of the company's overall equity.

Conversely, shares of Sambhv Steel Tubes fell by nearly 6% due to the release of around 10 million shares, which also represents about 3% of the firm's total equity.

As per the company's red herring prospectus (RHP), half of the equity shares assigned to anchor investors within the anchor investor portion will be subject to a lock-in period of 90 days starting from the date of allotment, while the other half of the equity shares allocated to anc...