The Qualified Institutional Byers (QIBS) registered non-established investors (NIIS) at 32% of their quota, retail investors 32% and 19% of their reserves.
Investors can apply for at least 182 stocks, at least Rs. 14,924 is required. Before opening the issue, the GMP was at 9-10 rupees, showing a premium of 11% above the issue price.
In IPO, Rs. There is a new issue of 440 crore shares and sales of Rs 100 crore (offs). This amount will be used mainly for borrowing (up to Rs 390 crore) and general corporate purposes. The stock is listed on both the NSE and the BSE on July 2.
Should you subscribe to SAMHV Steel Tubes IPO?
GeoGit Financial Services – SUBSCRIBE
Rs. At the high price band of 82, the SSTL is valued at the P/E ratio of 44.5x (FY25E annually), which appears reasonably priced compared to allies. SSTL is strategically located to benefit from India’s infrastructure pressure, run by schemes like jail jivan mission and Amrit Bharat Yojana.
As a backward-component player with continuous financial growth, strategic source efficiency and expansion plans, the company adjusts well to build long-term value-supports a subscriber recommendation for investments.
BP Property – SUBSCRIBE
BP Wealth SambhV highlights the cost-efficient, single-location integrated facility and growing market share. Ventura Securities also recommend subscribing, citing its expansion in the company’s strong distributor-dealer network and stainless steel products in the field of 15 states and one union, which can improve margins in the future.
Black pipes, hollow sections, CRFH pipes, Cortain Steel Pipes, GP in SambhV’s product portfolio. Includes pipes, GI pipes and more.
After starting operations in 2018, the company has achieved Vert bhi integration-whose production is sponge iron, peacock, slab and coil in-house. This structure protects against input cost fluctuations and guarantees supply chain reliability.
(Connection: The recommendations, suggestions, views and views of the experts are their own. This does not represent opinions of economic time)
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