New Delhi, June 25 -- Sambhv Steel Tubes IPO Day 1 Live: Sambhv Steel Tubes Ltd's initial public offering (IPO) is set to open for public subscription on Wednesday, June 25, and will close on Friday, June 27. On Tuesday, June 24, the company announced it has secured Rs.161.25 crore from anchor investors just one day prior to the opening of its initial share sale for the public.

Sambhv Steel Tubes IPO price band has been established between Rs.77 and Rs.82 per share, with a face value of Rs.10. Sambhv Steel Tubes specified that 50% of the total offer has been allocated for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors.

The expected date for finalising the basis of share al...