The IPO of Sambhv Steel Tubes is gaining traction. It is currently trading at a premium in the grey market. The IPO has been oversubscribed, led by non-institutional investors. Brokerages like Goejit Investments and BP Wealth recommend subscribing to the IPO. They cite the company’s strategic positioning and integrated facility. Ventura Securities also suggests subscribing, noting the company’s expansion plans.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets