Update on acquisition of Equity Shares of Sambhv Steel Tubes Limited by way of subscription in the anchor category in the Initial Public Offer.
ZSARACOM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Saraswati Commercial (India) Ltd has completed its investment in Sambhv Steel Tubes Limited, a company that recently came out with an IPO. The company invested about Rs. 15 crore by subscribing to 18,29,282 equity shares at Rs. 82 per share in the anchor category of the IPO. Sambhv Steel Tubes has now allotted these shares and credited them to Saraswati Commercial's demat account. This is an update to the earlier intimation dated 24th June 2025 about the proposed investment.
This is a passive investment by Saraswati Commercial in a newly listed steel tubes company, and is not expected to directly impact Saraswati's core business. Shareholders should note that the value of this Rs. 15 crore anchor investment will now depend on how Sambhv Steel Tubes' stock performs post-listing.