Sambhv Steel Tubes IPO

Posted by thanushaa June 23, 2025

Sambhv Steel Tubes IPO is a bookbuilt issue of ₹540.00 crore. It combines a fresh issue of 5.37 crore shares aggregating to ₹440.00 crores and an offer for sale of 1.22 crore shares aggregating to ₹100.00 crores.

The IPO opens for subscription on June 25, 2025, and closes on June 27, 2025. The allotment is expected to be finalized on Monday, June 30, 2025. The price band for the IPO is set at ₹77 to ₹82 per share, and the minimum lot size for an application is 182 shares. 

Company Summary

Incorporated in 2017, Sambhv Steel Tubes Limited is a manufacturer of electric resistance welded (“ERW”) steel pipes and structural tubes (hollow section) in India. The company’s manufacturing facility is located in Village – Sarora, Tehsil Tilda, Raipur (“Sarora (Tilda) Facility”) in the mineral-rich state of Chhattisgarh.

The company’s iron ore is sourced from “Navratna” public sector undertaking (“PSU”) mining company’s mines and coal from a “Maharatna” PSU through one of its highest coal producing subsidiary whose mines are Asia’s largest coal mines and are merely 250 kilometres from our Sarora (Tilda) Facility.

As of March 31, 2024, the company has a wide distribution network in India which extends across 15 states and one union territory as of December 31, 2024.

The company has a widespread presence in the Indian states of Chhattisgarh, Maharashtra, Gujarat, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana.

As of July 31, 2024,  Sambhv Steel Tubes Limited’s sales and marketing team comprises 23 personnel.

Product Portfolio

  • Sponge iron: Sponge iron is used for the manufacturing of crude steel (blooms/ slabs).
  • Blooms/ slabs (Mild steel and stainless steel): Blooms can be rolled into multiple long and flat finished products.
  • Narrow-width HR coil (mild steel and stainless steel): The majority of in-house narrow-width HR coil is used to manufacture ERW black pipes and tubes. They also sell HR coils to other manufacturers who use HR coils as a raw material.
  • GI pipe: They sell GI pipes and tubes primarily to distributors and directly to various consumers, which include certain government projects.

Company Strengths

  • The only single-location backward-integrated facility in India.
  • Strategically located manufacturing plants result in operational efficiencies.
  • Strong process innovation and execution capabilities allow us to produce value-added products.
  • A widespread, well-connected distribution network across India.
  • Well-positioned to take advantage of the growing demand for quality ERW steel pipes and tubes.
  • Experienced Promoters and management team with vast experience in the steel industry.
  • Track record of healthy financial performance.

Company Financials

Period Ended

31 Dec 2024

31 Mar 2024

31 Mar 2023

31 Mar 2022

Assets

1,411.82

940.13

552.14

458.51

Revenue

1,018.81

1289.38

939.00

820.75

Profit After Tax

40.69

82.44

60.38

72.11

EBITDA

106.37

159.87

117.30

124.52

Net Worth

478.46

438.28

210.40

149.30

Reserves and Surplus

    –

197.28

190.31

129.21

Total Borrowing

619.15

346.88

282.77

241.29

                                                                                                                                                                                                  Amount in ₹ Crore

Objectives of IPO

  • Pre-payment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company
  • General corporate purposes.

Promoters of the company

Brijlal Goyal, Suresh Kumar Goyal, Vikas Kumar Goyal, Sheetal Goyal, Shashank Goyal and Rohit Goyal are the company promoters.

IPO Details

IPO Date

June 25, 2025 to June 27, 2025

Listing Date

July 02, 2025

Face Value

₹10 per share

Price Band

₹77 to ₹82 per share

Lot size

182 shares

Total Issue size

6,58,53,657 shares (aggregating up to ₹540.00 Cr)

Fresh issue

5,36,58,536 shares (aggregating up to ₹440.00 Cr)

Offer for Sale

1,21,95,121 shares of ₹ 10 (aggregating up to ₹100.00 Cr)

Issue type

Bookbuilding IPO

Listing at

NSE, BSE

Lot Allocation details

Application

Lots

Shares

Amount

Retail (Min)

1

182

₹14,924

Retail (Max)

13

2366

₹1,94,012

S-HNI (Min)

14

2548

₹2,08,936

S-HNI (Max)

67

12,194

₹9,99,908

B-HNI (Min)

68

12,376

₹10,14,832

Category Reservaion Table

Application Category

Maximum Bidding Limits

Bidding at Cut-off Price Allowed

Only RII

Up to Rs 2 lakhs

Yes

Only sNII

Rs 2 lakhs to Rs 10 lakhs

No

Only bNII

Rs 10 lakhs to NII Reservation Portion

No

Only employee

Up to Rs 5 lakhs

Yes

Employee + RII/NII

l Employee limit: Up to Rs 2 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)

l If applying as RII: Upto Rs. 2 lakhs

l If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs

Yes for Employee and RII/NII

Allotment schedule

Basis of Allotment

Mon, June 30, 2025

Initiation of Refunds

Tue, Jul 01, 2025

Credit of Shares to Demat

Tue, Jul 01, 2025

Tentative Listing Date

Wed, Jul 02, 2025

Cut-off time for UPI mandate confirmation

5 PM on June 27, 2025

IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not more than 50% of the Net Offer

Retail Shares Offered

Not less than 35% of the Net Offer

NII (HNI) Shares Offered

Not less than 15% of the Net Offer

To check allotment, click here

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