The Initial Public Offering of Raipur’s Sambhv Steel Tubes began today. The IPO has been subscribed 31% on day one. Qualified institutional buyers led the subscription. Retail investors and non-institutional investors also participated. The IPO includes a fresh issue of shares and an offer for sale. The company plans to use the funds to repay borrowings.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets