MUMBAI: Sambhv Steel Tubes listed on the stock exchanges at ₹110, about 34.1% premium to its IPO ( Initial public offering) price of ₹82 per share.
The stock touched a high of ₹111 during the day, before closing at ₹97.7. The company’s market capitalisation on Wednesday was at ₹2,879.82 crore at the close.
The IPO consisted of a fresh issue of ₹440 crore and an offer for sale of ₹100 crore. The issue had been subscribed 28.46 times on its final day of bidding.
