Sambhv Steel Tubes is recognized as one of India's leading manufacturers of ERW steel pipes and hollow structural tubes based on installed capacity, as of March 31, 2024.
IPO will comprise a fresh issue of equity shares worth ₹170 crore, along with an offer-for-sale (OFS) of ₹400 crore by the company’s promoter, Sanjay Namdeo Salunkhe.
VMS TMT, based in Gujarat, will also raise funds solely through a fresh issue of 1.5 crore equity shares.
The issue has received bumper subscription with 214.42 times.
Jerome Powell underlined that there was no going back on rate cuts and the shift was now decisively dovish
Here are some of the stocks that may see significant price movement today: Suzlon Energy, Aurobindo Pharma, Coal India, etc.
On October 1, the dices closed flat amid volatility. Sensex on Tuesday closed at 84,266.29, down 33.49 points or 0.04%.
In September, it was again the large cap funds that stood out, even as alpha hunting in smaller stocks took a back seat
Of the proceeds from the fresh issue, ₹375 crore will be allocated for debt repayment, with the remainder earmarked for general corporate purposes.
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