Allotment

Sambhv Steel Tubes IPO is a book-built issue with a total size of ₹540.00 crore, comprising a fresh issue of 5.37 crore shares aggregating to ₹440.02 crore and an offer for sale of 1.22 crore shares aggregating to ₹99.98 crore.
The IPO opened for subscription on June 25, 2025, and closed on June 27, 2025. The basis of allotment was finalized on June 30, 2025, and the shares were listed on BSE and NSE on July 2, 2025.
The price band for the Sambhv Steel Tubes IPO is fixed at ₹82 per share. The lot size is 182 shares, requiring a minimum investment of ₹14,924 for retail investors (based on the upper price). For sNII investors, the minimum application size is 14 lots (2,548 shares), amounting to ₹2,08,936, while bNII investors must apply for 68 lots (12,376 shares), amounting to ₹10,14,832.
The issue also includes a reservation of up to 3,20,512 shares for employees, offered at a discount of ₹4 per share to the issue price.
Nuvama Wealth Management Ltd. is the Book Running Lead Manager, and Kfin Technologies Ltd. is the Registrar to the issue.
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Updates On
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IPO Market price
| IPO Date | 2 Jul |
| IPO Listing Date | 2 Jul |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹82.00 |
| IPO Issue Size | 6,58,64,549 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | ₹4.00 |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 24,10,02,000 shares |
| IPO Open Date | 25 Jun |
| IPO Close Date | 27 Jun |
| IPO Allotment (Tentative) | 30 Jun |
| Refunds | 1 Jul |
| Credit to Demat Account | 1 Jul |
| IPO Listing Date | 2 Jul |
| Category | Offer |
|---|---|
| QIB Shares Offered | 3,27,74,389 Shares |
| NII (HNI) Shares Offered | 98,32,317 Shares |
| Retail Shares Offered | 2,29,42,073 Shares |
Investors can apply for a minimum of 182 shares, and bids must be made in multiples of 182 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 182 | ₹14,924 |
| Retail (Max) | 13 | 2,366 | ₹1,94,012 |
| S-HNI (Min) | 14 | 2,548 | ₹2,08,936 |
| S-HNI (Max) | 67 | 12,194 | ₹9,99,908 |
| B-HNI (Min) | 68 | 12,376 | ₹10,14,832 |
Incorporated in 2017, Sambhv Steel Tubes Limited is a manufacturer of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections) in India. The company’s manufacturing facility is located at Village Sarora, Tehsil Tilda, Raipur (“Sarora (Tilda) Facility”) in the mineral-rich state of Chhattisgarh.
The company sources iron ore from a Navratna PSU mining company and coal from a Maharatna PSU through one of its subsidiaries, whose mines are Asia’s largest coal mines, located just 250 km from the Sarora (Tilda) Facility, ensuring efficient raw material supply.
As of March 31, 2024, Sambhv Steel Tubes has a wide distribution network across 15 states and one union territory (as of December 31, 2024), with significant presence in Chhattisgarh, Maharashtra, Gujarat, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana. The company’s sales and marketing team consisted of 23 personnel as of July 31, 2024.
Products
Sponge Iron: Used for manufacturing crude steel (blooms/slabs).
Blooms/Slabs (Mild Steel and Stainless Steel): Rolled into multiple long and flat finished products.
Narrow-width HR Coil (Mild Steel and Stainless Steel): Mostly used in-house to manufacture ERW black pipes and tubes; also sold to other manufacturers as raw material.
GI Pipes: Sold primarily to distributors and directly to consumers, including certain government projects.
Competitive Strengths
Only single-location, backward-integrated facility in India
Strategically located manufacturing plants, ensuring operational efficiency
Strong process innovation and execution capabilities, enabling production of value-added products
Well-connected and widespread distribution network across India
Well-positioned to capitalize on growing demand for quality ERW steel pipes and tubes
Experienced promoters and management team with extensive industry knowledge
Proven track record of healthy financial performance
| Assets | 1,411.82 | 940.13 | 552.14 |
| Total Income | 1,018.81 | 1,289.38 | 939 |
| Profit After Tax | 40.69 | 82.44 | 60.38 |
| EBITDA | 106.37 | 159.87 | 117.3 |
| NET Worth | 478.46 | 438.28 | 210.4 |
| Reserves and Surplus | - | 197.28 | 190.31 |
| Total Borrowing | 619.15 | 346.88 | 282.77 |
| ROE | 25.42% |
| ROCE | 17.66% |
| Debt/Equity | 0.8 |
| RoNW | 25.42% |
| PAT Margin | 6.41% |
| EBITDA Margin | 12.43% |
| Price to Book Value | 4.51 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 22.46 |
| 4 | Offer for Sale (OFS) | - |
Sambhv Steel Tubes Ltd. Address
Office No. 501 to 511,
Harshit Corporate,
Amanaka
Raipur, Chhattisgarh, 492001
+91 771 2222 360
cs@sambhv.com
http://www.sambhv.com/
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
sstl.ipo@kfintech.com
https://ipostatus.kfintech.com/