7 hours ago 7

Sambhv Steel Tubes surges 34.1% on stock market debut

ET BureauLast Updated: Jul 03, 2025, 05:51:00 AM IST

Synopsis

Sambhv Steel Tubes made a strong debut on the stock exchanges. The listing price was ₹110, a 34.1% increase from the IPO price. The stock reached ₹111 during the day. It closed at ₹97.7, with a market capitalisation of ₹2,879.82 crore. The IPO included a fresh issue and an offer for sale. The issue was oversubscribed by 28.46 times.

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.

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