Chhattisgarh's Sambhv Steel Tubes IPO sees 0.41x bids on day 1

Sambhv Steel Tubes ₹540 crore IPO is open for subscription until June 27, with a price band of ₹77 to 82 per share. The issue includes a fresh issue of ₹440 crore and an OFS of ₹100 crore. It was subscribed 0.41x on day one. Proceeds will be used for debt repayment and general corporate purposes.