The Initial Public Offering of Raipur’s Sambhv Steel Tubes began today. The IPO has been subscribed 31% on day one. Qualified institutional buyers led the subscription. Retail investors and non-institutional investors also participated. The IPO includes a fresh issue of shares and an offer for sale. The company plans to use the funds to repay borrowings.
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Sambhv Steel Tubes IPO subscribed 31% so far on Day 1, GMP at 11%. Should you subscribe?
