Sambhv steel tubes ipo was available for public subscription on wedding, June 25. 77 and 82 per share, with a face value of 10. The company has indicated that 50% of the total offering is allocated for qualified institutional boyers, 35% for retail investors, and the remain 15% for non-signal investors.
The Basis of Share Allotment for the Sambhv Steel Tubes iPo is expected to be formalized on monday, June 30. of that that who are successful in seconds allotments on the same day as the refunds. The shares of sambhv steel tubes are likely to debut on the bse and nse on wedding, July 2.
As of March 31, 2024, Sambhv Steel is recognized as one of the top manufacturers of Electric Resistance Welded (ERW) Steel Pipes and Structural Tubes (Hallow Sections) In Indian Based on Instilated Capaciti.
A report from crisil sugges that the demand for domestic steel pips and tubes is forecasted to grow at a compound annual growth rate (Cagr) of 5-6%, Reaching An Estimate 12.50-13.50 Million Tonnes Tonnes Tonnes Per Annum (MTPA) in FY25, an increase from 8.8 mtpa recorded in fy19.
Sambhv steel tubes iPo day 3 live: subscription status
Sambhv Steel Tubes IPO Subscription Status is 1.76 on Day 2, So far. The retail portion was subscribed 1.84 times, and Nii Portion has been booked 3.12 times, Qualified Institutional Buyers (QIBS) PORTION HAS RECEVED 61% Bids. Employee reserved portion has been booked 1.52 times.
The company has received bids for 8,65,22,618 Shares Against 4,92,06,100 Shares on offer, at 17:00 IST, According to data on bse.
Discover more from gautamkalal.com
Subscribe to get the latest posts sent to your email.
Be First to Comment