Sambhv Steel Tubes IPO

Sambhv Steel Tubes IPO

₹14,924 / 182 shares

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Sambhv Steel Tubes IPO Details

RHP/DRHP

Issue Date

25 Jun - 27 Jun'25

Price Range

₹77 - ₹82

Lot Size

182

IPO Size

₹540.13 Cr

Sambhv Steel Tubes IPO Listing Details

Listing On

2 Jul'25

Issue Price

₹82

Listed Price

₹ 110.1

Retail Gain/Listing Gain

▲34.15%

Schedule of Sambhv Steel Tubes IPO

Start date

25/06/2025

End date

27/06/2025

Allotment of bids

Refund Initiation

01/07/2025

Listing on exchange

02/07/2025

About Sambhv Steel Tubes IPO

The IPO of Sambhav Steel Tubes Ltd is a 100% book-built issue comprising a fresh issue and an offer for sale. The fresh issue is pegged at ₹440 crore and the offer for sale is of ₹100 crore. The price band of the IPO is between ₹77 and ₹82. The lot size is 182.

The IPO opens on June 25, 2025 and closes on June 27, 2025. The tentative listing date is July 2, 2025. The allotment date is June 30, 2025. The initiation of refunds will take place on July 1, 2025. The credit of shares to the demat account will take place on July 1, 2025.

Objectives of Sambhv Steel Tubes IPO

The company proposes to utilise the proceeds from the IPO for:

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

Sambhv Steel Tubes IPO Valuation

Sambhv Steel Tubes IPO Share Offer and Subscription Details

Industry Outlook

The demand for ERW pipes and tubes and SAW pipes and tubes are projected to grow at respectiveCAGRs of 7-9% and 6-7% between fiscals 2025 and 2029 on the back of rising investments in housing, urban infrastructure, WSS, irrigation, smart cities and oil and gas segments.

Company Information

Sambhv Steel Tubes Ltd is one of the key manufacturers of electric-resistance welded steel pipes and structural tubes (hollow section) in India in terms of installed capacity as of March 31, 2024. The company is the only company in India with a single location backward integrated manufacturing facility for ERW steel pipes and tubes with presence across the value chain as of March 31, 2024.

The only single location backward integrated facility in India

Sambhv Steel Tubes Ltd is the only company in India with a single location backward integrated manufacturing facility for ERW steel pipes and tubes with presence across the value chain as of March 31, 2024.

Strategically located manufacturing plants resulting in operational efficiencies

The company manufactures ERW black steel pipes and structural tubes (hollow section) at its Sarora (Tilda) facility, which is spread across 334,540 square meters of owned land strategically located in the mineral rich belt of Chhattisgarh.

Strong process innovation and execution capabilities allowing it to produce value-added products

It's the only company in India producing narrow-width HR coils through a secondary manufacturing route, using induction furnaces and direct reduced iron. Through process innovation, the company has been able to produce customised value-added products.

Wide-spread well connected distribution network across India

As of March 31, 2024, the company has 33 distinct distributors with two distributors distributing through six branches in 15 states and one union territory taking the total distributor network to 39. These distributors in turn distribute its finished products through over 600 dealers in India as of March 31, 2024.

Risks of Sambhv Steel Tubes IPO

  • An increase in the cost of or a shortfall in the availability of its key raw materials such as iron ore, coal, iron ore pellets, sponge iron and mild steel scrap from its suppliers could have a material adverse effect on its business, results of operations, profitability and margins, cash flows and financial condition.

  • Any disruption or shortage of essential utilities could disrupt their manufacturing operations and increase their production costs, which could adversely affect their results of operations.

  • The company's revenues are concentrated in north and west India. Any adverse changes in the conditions affecting these regions and its inability to grow its business in new geographic markets may adversely impact its business, results of operations, profitability and margins, cash flows and financial condition.

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Comparison with peers

Anchor Investor Bidding Date

The anchor investor date is June 24, 2025.

IPO Registrar and Book Running Lead Managers

KFin Technologies Ltd is the registrar of this IPO. The book running lead managers are Nuvama Wealth Management Ltd and Motilal Oswal Investment Advisors Ltd.

Business Model

Sambhv Steel Tubes Ltd manufactures a range of finished products including ERW black pipes and tubes (hollow section) and galvanised iron (GI) pipes. It’s one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coils.

Company Growth Trajectory

The company has established a track record of healthy revenue growth and profitability. Its revenue from operations increased to ₹1285.757 crore in Fiscal 2024 from ₹819.349 crore in Fiscal 2022 while its restated profit for the year increased to ₹82.439 crore in Fiscal 2024 from ₹72.108 crore in Fiscal 2022.

Market Position

The company is the only player in India to manufacture narrow-width HR coil with backward integration capability, as of March 31, 2024. It has a wide distribution network in India which extends across 15 states and one union territory as of March 31, 2024.

Sambhv Steel Tubes IPO Profit and Loss

Sambhv Steel Tubes IPO Cash Flow Statement

How to Check Allotment Status of Sambhv Steel Tubes IPO?

You can check the allotment status of Sambhv Steel Tubes Ltd IPO through the BSE website or through its registrar’s portal. To check the status on the BSE website:

  • Visit the BSE website
  • Click on “Investor Services” and choose “Application Status Check”
  • Choose the issue type — Equity or Debt
  • Select the Issue Name from the drop-down.
  • Enter your application number or PAN number
  • Check the box that says “I’m not a Robot” and click on “Search” to know the allotment status

To know the status from the registrar’s website:

  • Visit the website of KFin Technologies Ltd
  • Choose IPO allotment status from “Products” dropdown
  • Click on any of the links
  • Select the IPO
  • Input either your application number, PAN number or Demat number
  • Enter captcha and click on Submit

How to Apply for Sambhv Steel Tubes IPO?

To apply for this IPO:

  • Step 1: Log in to your Kotak Neo Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  • Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
  • Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
  • Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  • Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Sambhv Steel Tubes IPO FAQs

The Sambhv Steel Tubes IPO opens for subscription from 25-06-2025 to 27-06-2025, with a total issue size of ₹540.13 Cr. The IPO price band is ₹77 to ₹82 per share with a lot size of 182. The company aims to list the shares on BSE & NSE on 02-07-2025.

The Sambhv Steel Tubes IPO will open for subscription on 25-06-2025 and will close on 27-06-2025 for investors.

The minimum lot size for the Sambhv Steel Tubes IPO is 182 equity shares, requiring a minimum investment of ₹14924 for retail investors applying in the IPO.

The price band of the Sambhv Steel Tubes IPO has been fixed at ₹77 to ₹82 per equity share.

You can apply for the Sambhv Steel Tubes IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Sambhv Steel Tubes IPO allotment will take place on [-].

You can check the Sambhv Steel Tubes IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Sambhv Steel Tubes shares will list on the stock exchanges on 02-07-2025.

You can find detailed information about the Sambhv Steel Tubes IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

The IPO of Sambhv Steel Tubes Ltd comprises a fresh issue and an offer for sale. The fresh issue aggregates up to ₹440 crore while the offer for sale aggregates up to ₹100 crore.

The exact dates of the IPO have been announced. The IPO opens on June 25, 2025 and closes on June 27, 2025.

You can learn more about Sambhv Steel Tubes Ltd and its IPO from the company’s red herring prospectus here.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Neo Research Team, nor is it a report published by the Kotak Neo Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.

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