According to a circular uploaded on BSE's website, Sambhv Steel allocated over 1.96 crore equity shares to 19 entities at ₹82 per equity share, which is the upper end of the IPO price band
The differential between the common tests offered by incumbents and new entrants is just about 5-10 per cent which isn't going to move the needle much in this business
The regulator has proposed appointing two executive directors to MII boards for regulatory compliance and operations, with defined roles distinct from the MD
The ₹119-crore IPO received bids for 8,16,76,623 shares against 1,17,32,392 shares on offer, as per NSE data