Sambhv Steel Tubes’ public issue saw an enthusiastic response from retail and high-net-worth investors (HNIs), signaling confidence in the steel pipe maker’s fundamentals and long-term growth prospects. As of the second day of bidding, the IPO received bids for approximately 8.65 crore equity shares against an offer size of 4.92 crore shares, translating into a subscription rate of 1.76 times.
