Sambhv Steel Tubes IPO subscribed 84% on Day 2; Check GMP and other details

Sambhv Steel Tubes’ IPO saw 84% subscription by the second day, with strong interest from retail investors and NIIs. The IPO, featuring a fresh issue and OFS, aims to repay borrowings and cover corporate expenses. Analysts recommend subscribing, citing reasonable valuation, strategic positioning in India’s infrastructure growth, and integrated operations.