1/10/2024, 2:14:03 pm

Sambhv Steel Tubes files DRHP with SEBI for IPO worth ₹540 crore

Sambhv Steel Tubes Limited filed a draft red herring prospectus (DRHP) with the capital market regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise ₹540 crore. The IPO consists of a fresh issue of equity shares amounting to ₹440 crore and an offer for sale (OFS) by existing shareholders worth ₹100 crore​.