Sambhv Steel Tubes share price increased by more than 6% during Thursday’s trading session, continuing its rise after a strong market debut on Wednesday. Today, Sambhv Steel Tubes shares opened at an intraday low of ₹99.02 on the BSE, reaching an intraday high of ₹103.90 per share.
The stock debuted in the market at ₹110.10, reflecting a 34.26% increase from the issue price on the BSE. Throughout the day, it surged by 35.23% to reach ₹110.89. The firm’s shares closed at ₹97.58 each, which is a gain of 19%.
On the NSE, the stock opened at ₹110, marking a rise of 34.14%. The firm’s shares finished at ₹97.59 each, representing a 19% premium.
The company’s market capitalization was valued at ₹2,875.40 crore.
The initial public offering (IPO) of Sambhv Steel, valued at ₹540 crore, was oversubscribed 28.46 times by the end of the bidding last Friday. The price range for the IPO was set between ₹77 and ₹82 per share.
