Sambhv Steel Tubes IPO Opens Today, Aiming to Raise ₹540 Crore

Sambhv Steel Tubes IPO Opens Today, Aiming to Raise ₹540 Crore

The Initial Public Offering (IPO) of Sambhv Steel Tubes has opened today, with the company targeting to raise a total of ₹540 crore from the capital markets.

The IPO includes a fresh issue worth ₹440 crore, while the remaining amount will be raised through an Offer for Sale (OFS) by existing shareholders.

The price band for the IPO has been officially announced. Post-allotment, the shares will be listed on both the BSE and NSE.

As per the allocation structure:

  • 50% of the issue is reserved for Qualified Institutional Buyers (QIBs)
  • 35% for Retail Individual Investors (RIIs)
  • 15% for High Net-worth Individuals (HNIs)

Market participants and investors are closely watching this IPO, considering the promising outlook of the steel tube industry driven by infrastructure and industrial growth.

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