The Sambhv Steel Tubes IPO is scheduled to open for subscription on June 25, 2025 (Wednesday) and will close on June 27, 2025 (Friday). The basis of allotment will be finalized on June 30, 2025 (Monday), while refunds and credit of shares to Demat accounts will be processed by July 1, 2025 (Tuesday). The shares are expected to be listed on BSE and NSE on July 2, 2025 (Wednesday).
This IPO is a book-built issue with a total size of approximately ₹540 crores, comprising a fresh issue of 5.37 crore shares worth ₹440 crores and an offer for sale (OFS) of 1.22 crore shares amounting to ₹100 crores. The price band for the IPO is set between ₹77 to ₹82 per equity share, with a face value of ₹10 each.
Retail investors are allotted 35% of the issue, QIBs (Qualified Institutional Buyers) have a reservation of 50%, and Non-Institutional Investors (HNIs) are allotted 15%. The minimum lot size for retail applicants is 182 shares, requiring a basic investment of ₹14,014. However, investors are advised to apply at the cut-off price, which brings the investment amount to around ₹14,924, due to expected oversubscription.
For sNII (small HNI), the minimum application is 14 lots (2,548 shares), totaling an investment of ₹2,08,936, while for bNII (big HNI), it is 68 lots (12,376 shares), totaling ₹10,14,832.
Financially, Sambhv Steel Tubes has shown healthy growth. The company reported a revenue of ₹1,289.38 crores in FY 2024, up from ₹939 crores in FY 2023. The profit after tax also increased to ₹82.44 crores in 2024 from ₹60.38 crores in 2023. Considering the strong financial performance and market positioning, analysts suggest this IPO could be a good long-term investment opportunity.
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About Sambhv Steel Tubes IPO
Established in 2017, Sambhv Steel Tubes Limited is a prominent manufacturer of electric resistance welded (ERW) steel pipes and structural tubes in India. The company operates from its strategically located manufacturing facility in Sarora, Tilda (Raipur), in the mineral-rich state of Chhattisgarh. This location offers direct logistical advantages, as raw materials are easily accessible—iron ore is sourced from a “Navratna” public sector mining company, while coal is procured from a “Maharatna” PSU through its subsidiary, which operates one of Asia’s largest coal mines, located just 250 kilometers from the plant.
The company has built a strong distribution network across 15 states and one union territory as of December 31, 2024, with a significant presence in markets like Chhattisgarh, Maharashtra, Gujarat, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana. As of July 31, 2024, the sales and marketing team comprised 23 professionals, supporting the company’s growing footprint and customer base.
Sambhv Steel Tubes manufactures and supplies a diverse range of products including sponge iron, mild and stainless steel blooms and slabs, narrow-width hot rolled coils, and GI pipes. The company uses a large portion of its in-house HR coil production for manufacturing ERW pipes while also supplying coils to other manufacturers. Its GI pipes are distributed through established channels and also directly supplied to various consumers, including government-backed infrastructure projects.
What sets Sambhv apart is its position as the only backward-integrated facility of its kind operating from a single location in India. Its operational efficiency is supported by a strategically placed plant and strong process innovation, allowing the production of value-added products that meet evolving industry standards. With an experienced leadership team and a consistent track record of healthy financial performance, Sambhv Steel Tubes is well-positioned to capitalise on the growing demand for high-quality steel pipes and tubes across India.