Sambhv steel tubes IPO: The IPO of Sambhav Steel Tubes, a pipe and tube -making company, will open for subscription on Wednesday, 25 June. These IPOs will be closed on Friday, 27 June. The possible steel tubes want to raise a total of Rs 540.00 crore from this IPO, for which a total of 6,58,53,657 shares will be allotted. Under this IPO, 5,36,58,536 fresh fresh fresh will be issued under this IPO, while 1,21,95,121 shares worth Rs 100.00 crore will be released through OFS.
What is the price band for shares with a face value of 10 rupees
The company has fixed a price band of Rs 77 to Rs 82 for each stock with a face value of Rs 10 under its IPO. Retail investors will have to invest Rs 14,014 for at least one lot, 182 shares will be allotted in 1 lot. Retail investors can apply for a maximum of 13 lots (2366 shares), for which they will have to invest Rs 1,94,012.
On which day will investors share shares
This will be a mainboard IPO, for which share can be allotted to investors applying on June 30. On Tuesday, July 1, shares will be transferred to investors’ demat account and finally on Wednesday, July 2, the company will be listed in the stock market.
Where will the company use the money received from IPO
Possible steel tubes will use the money raised from this IPO for loans and for general corporate purposes. Let us tell you that possible steel tubes are one of the major manufacturers of the electric resistance welded (ERW) steel pipe and structural tube (hollow section) in India.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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