Kolkata: Sambhv Steel Tubes IPO has floated a bookbuilding issue of Rs 540.00 crores — a combination of fresh issue of 5.37 crore shares aggregating to Rs 440.00 crores and an OFS of 1.22 crore shares amounting to Rs 100.00 crores. Indogulf Cropsciences IPO is expected to raise Rs 200.00 crores via a combination of fresh issue of 1.44 crore shares amounting to Rs 160.00 crores and an OFS (offer for sale) of 0.36 crore shares which will fetch Rs 40.00 crores.
Sambhv Steel Tubes IPO GMP
The GMP of Sambhv Steel Tubes IPO has shown a steady rise over the past four days. Investorgain data show, the GMP was Rs 5 on June 24 but it jumped to Rs 10 on June 25. On June 26, it rose to Rs 11, where it is holding steady on June 27 morning, the last day of bidding. At Rs 11, the GMP could fetch a listing gain of 13.41%. However, GMP is an unofficial gauge which changes with time and cannot guarantee profit or loss on listing.
Sambhv Steel Tubes IPO subscription status
Sambhv Steel Tubes IPO has ramped up bids 1.27 times or 127% of the amount it intended to raise from the market. At the end of June 26 (second day of bidding) the issue garnered 1.97 times bids in the retail category, 3.32 in the non-institutional buyers category and 2.64 and 3.88 times in the bNII and sNII category of investors.
The allotment for the Sambhv Steel Tubes IPO will be done on June 30, 2025 and the shares of the company will be listed on BSE and NSE on July 2, 2025. The date of refund of unsuccessful bid money is July 1.
Indogulf Cropsciences IPO GMP
The GMP of Indogulf Cropsciences IPO dipped from Rs 11 to Rs 9 on the first day of bidding. The GMP stood steady at Rs 11 for the past few days before it dipped on June 26. At this vele, the GMP signaled a listing gain of 8.11%. However, it must be mentioned that grey market premium (GMP) is an unofficial indicator. It changes with time and does not guarantee listing gain (or loss).
Indogulf Cropsciences IPO subscription status
On the first day of bidding Indogulf Cropsciences IPO received applications that amount to 42% of the intended amount of Rs 200 crore to be mopped up. Four-fifths of the issue consists of fresh shares — numbering 1.44 crore shares aggregating to Rs 160.00 crore — and an OFS portion that numbers 0.36 crore shares aggregating to Rs 40.00 crores. Retail investors applied for 71% of the shares earmarked for them.
Indogulf Cropsciences IPO it set to close for bidding on June 30. The allotment of shares of Indogulf Cropsciences will take place on July 1 while the shares will be listed on BSE and NSE on July 3, 2025.
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