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Sambhv Steel Tubes IPO

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BSE,NSE 25 June - 27 June 2025
Sambhv Steel Tubes Limited IPO is a book build issue of 540 Cr. The issue is a combination of fresh issue of 53658536 shares aggregating to 440 Cr and offer for sale of 12195121 shares aggregating to 100 Cr. Sambhv Steel Tubes Limited IPO opened for subscription on Jun 25, 2025 and closed on Jun 27, 2025. The allotment for the this IPO was finalized on Jun 30, 2025. IPO was listed on NSE and BSE on Jul 02, 2025. Sambhv Steel Tubes Limited IPO is set issue price band at ₹77 to ₹82 per share.

Current GMP

₹14 (+17.07%)

Price Band

₹ 77 – 82

Lot Size

182

Issue Size

₹540 Cr

Minimum Investment

₹14924 (182 Shares)

Listing Date

02 July 2025

Subscription

28.46x

About the Company

Sambhv Steel Tubes Limited is a prominent Indian manufacturer specializing in Electric Resistance Welded (ERW) steel pipes and structural tubes (hollow sections). As of March 31, 2024, the company operates a fully backward-integrated, single-location manufacturing facility in Sarora (Tilda), Raipur, Chhattisgarh, which spans the entire value chain—from sourcing raw materials to producing finished products such as ERW black pipes, galvanized iron (GI) pipes, and structural tubes.

Sambhv distinguishes itself as one of only two companies in India capable of manufacturing ERW steel pipes using narrow-width hot rolled (HR) coils, and the only one with in-house backward integration for these coils, starting from sponge iron production to HR coil processing.

The company sources iron ore from a “Navratna” PSU mining firm and coal from a “Maharatna” PSU's high-output subsidiary, with coal mines located just 250 km from its facility—enhancing cost and logistics efficiency.

Expansion Plans

Sambhv is planning a major expansion with a new manufacturing facility at Kuthrel, Raipur, aimed at producing galvanized and stainless steel products. Over the next 4–5 years, the company targets scaling its finished product capacity to over 1 million tonnes annually.

Distribution Network

As of December 31, 2024, the company has built an extensive distribution network across 15 states and 1 union territory, serving:

  • 37+ distributors
  • 700+ dealers
  • 2,000+ retailers
  • 10,000+ fabricators

The company has a strong presence in key markets including Chhattisgarh, Maharashtra, Gujarat, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana. Its sales and marketing team consisted of 23 professionals as of July 31, 2024.

Product Portfolio

  • Sponge Iron: Used in the production of crude steel (blooms/slabs).
  • Blooms/Slabs (Mild & Stainless Steel): Serve as intermediate inputs for long and flat steel products.
  • Narrow-width HR Coils (Mild & Stainless Steel): Primarily used in-house for ERW pipe production; also sold to other manufacturers.
  • GI Pipes: Supplied to distributors and directly to end users, including government projects.

Competitive Strengths

  • India’s only single-location, fully backward-integrated ERW pipe facility
  • Strategic plant location providing cost and logistics advantages
  • Proven process innovation and execution capabilities
  • Extensive, well-connected national distribution network
  • Strong positioning to meet rising demand for quality steel pipes
  • Experienced promoters and management team
  • Consistent track record of financial performance

Promoters

  1. Brijlal Goyal
  2. Suresh Kumar Goyal
  3. Vikas Kumar Goyal
  4. Sheetal Goyal
  5. Shashank Goyal
  6. Rohit Goyal
Promoters Holding

Holding Pre Issue

71.90%

Holding Post Issue

56.14%

Objects of the Issue

The Company Sambhv Steel Tubes IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  1. Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company
  2. General corporate purposes.

Address / Contact Info

Sambhv Steel Tubes Limited
Office No. 501 to 511,
Harshit Corporate,
Amanaka Raipur
Chhattisgarh, 492001

Phone: +91 771 2222 360
Email: cs@sambhv.com
Website: http://www.sambhv.com/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 77 – 82
Lot Size182
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 440.00 Cr
Offer for Sale₹ 100.00 Cr
Total Issue Size₹ 540.00 Cr
Listing AtBSE,NSE
Employee Discount4
Industry
Sector
QIB Quota61.31%
BNII Quota7.66%
SNII Quota3.83%
Retail Quota26.85%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Sambhv Steel Tubes IPO is a Book-building IPO worth ₹540 crores. The price band is ₹77 to 82 per share. The IPO opens on Wed, Jun 25, 2025 and closes on Fri, Jun 27, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The Sambhv Steel Tubes IPO opens on Wed, Jun 25, 2025 and closes on Fri, Jun 27, 2025

Sambhv Steel Tubes IPO Price Band is ₹77 to 82.

Sambhv Steel Tubes IPO lot size is 182, and the minimum amount required for application is ₹14924.

The minimum investment for Sambhv Steel Tubes IPO is approximately ₹14924 based on the upper price band.

To apply for the Sambhv Steel Tubes IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jun 27, 2025. After submission, funds are blocked until the basis of allotment of Sambhv Steel Tubes IPO is finalised.

Sambhv Steel Tubes IPO issue size is ₹540 crores.

Sambhv Steel Tubes IPO allotment date is Sat, Jun 27, 2026.

The registrar for Sambhv Steel Tubes IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Sambhv Steel Tubes IPO through their official website or helpline.

The Sambhv Steel Tubes IPO GMP (Grey Market Premium) is ₹14 as of Wed, Jul 2, 2025. Based on the upper price band of ₹82 per share, the estimated Sambhv Steel Tubes IPO listing price is ₹96, indicating a potential listing gain of approximately 31% over the issue price.