Sambhv Steel Tubes shares make stellar debut, lists at 34% premium over issue price
Sambhv Steel Tubes share price makes a strong debut on Indian stock market by listing at 34 per cent premium over the IPO price. Sambhv Steel Tubes shares was listed at ₹110 on the NSE and ₹110.10 on the BSE, compared to its issue price of ₹82.
The stock debuted stronger than anticipated, exceeding expectations indicated by the grey market premium, which had pointed to a 17 per cent gain at listing.
Sambhv Steel Tubes IPO details
The Sambhv Steel Tubes IPO was subscribed 28.46 times on the third day of bidding, according to BSE data. The retail investors’ portion was subscribed 7.99 times, while the Non-Institutional Investors (NII) category saw a subscription of 31.82 times. The Qualified Institutional Buyers (QIBs) segment…
