Sambhv Steel listed at Rs 110 on NSE, but fell 13% intraday to Rs 96.25 after early gains; BSE saw similar volatility.
Despite listing at a 34% premium to its issue price of Rs 82, investors booked profits aggressively.
The Rs 540 crore IPO saw strong demand, especially from institutional and HNI investors; anchor investors put in Rs 161 crore.
India’s only single-location integrated ERW pipe maker, Sambhv benefits from cost efficiency, raw material proximity, and infra demand tailwinds.
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