Sambhv Steel Tubes IPO
Open MainLineCurrent 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
- Brijlal Goyal
- Suresh Kumar Goyal
- Vikas Kumar Goyal
- Sheetal Goyal
- Shashank Goyal
- 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:
- Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company
- 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
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 25 June 2025
IPO Close Date
Friday, 27 June 2025
Basis of Allotment
Monday, 30 June 2025
Initiation of Refunds
Tuesday, 01 July 2025
Credit of Shares to Demat
Tuesday, 01 July 2025
Listing Date
Wednesday, 02 July 2025 — NSE & BSE
Important Dates
Open Date
25 June 2025
Close Date
27 June 2025
Basis Of Allotment
30 June 2025
Listing Date
02 July 2025
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1411.82 | 940.13 | 552.14 | 458.51 |
| Revenue | 1018.81 | 1289.38 | 939 | 820.75 |
| Profit After Tax | 40.69 | 82.44 | 60.38 | 72.11 |
| Net Worth | 478.46 | 438.28 | 210.4 | 149.3 |
| Reserve & Surplus | 0 | 197.28 | 190.31 | 129.21 |
| Total Borrowings | 619.15 | 346.88 | 282.77 | 241.29 |
EPS Pre
3.42%
EPS Post
1.84%
P/E Pre
23.97
P/E (Post Issue)
44.54x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 25.42 |
| ROCE % | 17.66 |
| Debt / Equity | 0.8 |
| RoNW % | 25.42 |
| PbW | 0 |
| Pat Margin % | 11.43 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 52439023 | 61.31 | 0 |
| Non-Institutional | 9832917 | 11.5 | 0 |
| BNII | 6554878 | 7.66 | 0 |
| SNII | 3277439 | 3.83 | 0 |
| Retail Investors | 22942073 | 26.85 | 0 |
| Employees | 320513 | 0.37 | 0 |
| Total | 85533926 | 100 | 0 |
Subscription Status ( Fri, 27 Jun 25 01:53 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 13961038 | 869984024 | 62.32x |
| Non-Institutional | 10470779 | 333174478 | 31.82x |
| BNII | 6980520 | 234823862 | 33.64x |
| SNII | 3490259 | 98350616 | 28.18x |
| Retail Investors | 24431818 | 195263978 | 7.99x |
| Employees | 342465 | 1829828 | 5.34x |
| Total | 49206100 | 1400252308 | 28.46x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 182 | 14,924.00 |
| Retail (Max) | 13 | 2,366 | 194,012.00 |
| S-HNI (Min) | 14 | 2,548 | 208,936.00 |
| S-HNI (Max) | 67 | 12,194 | 999,908.00 |
| B-HNI (Min) | 68 | 12,376 | 1,014,832.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Nuvama Wealth Management Limited
- Motilal Oswal Investment Advisors Pvt Ltd
RHP Document
DRHP Document
Anchor Investors
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.