Sambhv Steel Tubes surges 34.1% on stock market debut

Sambhv Steel Tubes made a strong debut on the stock exchanges. The listing price was ₹110, a 34.1% increase from the IPO price. The stock reached ₹111 during the day. It closed at ₹97.7, with a market capitalisation of ₹2,879.82 crore. The IPO included a fresh issue and an offer for sale. The issue was oversubscribed by 28.46 times.