Sambhv Steel Tubes IPO sails through on Day 2. Check GMP and other details
Sambhv Steel Tubes' IPO saw full subscription on its second day, with the retail portion 1.2 times subscribed. The IPO, featuring a fresh issue and OFS totaling ₹540 crore, will fund debt repayment and corporate expenses. Trading at a premium in the grey market, analysts recommend subscribing, citing the company's strategic positioning, integrated operations, and expansion plans. | Source: The Economic Times
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