Shares of Sambhv Steel Tubes Ltd got listed with a premium of over 34 per cent against the issue price of ₹82 on Wednesday.
The stock made its market debut at ₹110.10, a jump of 34.26 per cent against the issue price on the BSE. It further zoomed 35.23 per cent to ₹110.89.
At the NSE, the stock listed at ₹110, up 34.14 per cent.
The company’s market valuation stood at ₹2,966.75 crore.
The Rs 540-crore initial public offer of Sambhv Steel got subscribed 28.46 times on the closing day of bidding on Friday last week.
The price band for the initial public offer (IPO) was ₹77-82 per share.
The IPO was a mix of fresh issue of equity shares valued at ₹440 crore and an offer-for-sale (OFS) of shares worth Rs 100 crore by promoters.
Proceeds from the fresh issue will be utilised for payment of debt and general corporate purposes.
Sambhv Steel is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India.
Published on July 2, 2025
