MUMBAI: Sambhv Metal Tubes listed on the inventory exchanges at ₹110, about 34.1% premium to its IPO ( Preliminary public providing) worth of ₹82 per share.
The inventory touched a excessive of ₹111 throughout the day, earlier than closing at ₹97.7. The corporate’s market capitalisation on Wednesday was at ₹2,879.82 crore on the shut.
The IPO consisted of a contemporary subject of ₹440 crore and a suggestion on the market of ₹100 crore. The difficulty had been subscribed 28.46 occasions on its remaining day of bidding.
