<p>New Delhi, Shares of Sambhv Steel Tubes Ltd got listed with a premium of over 34 per cent against the issue price of Rs 82 on Wednesday.</p>.<p>The stock made its market debut at Rs 110.10, a jump of 34.26 per cent against the issue price on the BSE. It further zoomed 35.23 per cent to Rs 110.89.</p>.<p>At the NSE, the stock listed at Rs 110, up 34.14 per cent.</p>.<p>The company's market valuation stood at Rs 2,966.75 crore.</p>.<p>The Rs 540-crore initial public offer of Sambhv Steel got subscribed 28.46 times on the closing day of bidding on Friday last week.</p>.<p>The price band for the initial public offer (IPO) was Rs 77-82 per share.</p>.<p>The IPO was a mix of fresh issue of equity shares valued at Rs 440 crore and an offer-for-sale (OFS) of shares worth Rs 100 crore by promoters.</p>.<p>Proceeds from the fresh issue will be utilised for payment of debt and general corporate purposes.</p>.<p>Sambhv Steel is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India. </p>
<p>New Delhi, Shares of Sambhv Steel Tubes Ltd got listed with a premium of over 34 per cent against the issue price of Rs 82 on Wednesday.</p>.<p>The stock made its market debut at Rs 110.10, a jump of 34.26 per cent against the issue price on the BSE. It further zoomed 35.23 per cent to Rs 110.89.</p>.<p>At the NSE, the stock listed at Rs 110, up 34.14 per cent.</p>.<p>The company's market valuation stood at Rs 2,966.75 crore.</p>.<p>The Rs 540-crore initial public offer of Sambhv Steel got subscribed 28.46 times on the closing day of bidding on Friday last week.</p>.<p>The price band for the initial public offer (IPO) was Rs 77-82 per share.</p>.<p>The IPO was a mix of fresh issue of equity shares valued at Rs 440 crore and an offer-for-sale (OFS) of shares worth Rs 100 crore by promoters.</p>.<p>Proceeds from the fresh issue will be utilised for payment of debt and general corporate purposes.</p>.<p>Sambhv Steel is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India. </p>