Sambhv Steel Tubes IPO

About Sambhv Steel Tubes IPO

Sambhv Steel Tubes IPO is a book-built issue worth ₹540.00 crore. The IPO comprises a fresh issue of 5.37 crore equity shares aggregating to ₹440.00 crore and an offer for sale of 1.22 crore shares aggregating to ₹100.00 crore. The IPO opens for subscription on June 25, 2025, and closes on June 27, 2025. The allotment is expected to be finalised on June 30, 2025, with tentative listing on BSE and NSE scheduled for July 2, 2025.

The IPO is priced in a band of ₹77 – ₹82 per share. Retail investors must apply for a minimum of 1 lot comprising 182 shares, requiring an investment of ₹14,924 at the cutoff price. sNII applicants must apply for a minimum of 14 lots (2,548 shares), amounting to ₹2,08,936, while bNII applicants must apply for at least 68 lots (12,376 shares), totalling ₹10,14,832.

Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the book-running lead managers to the issue, and Kfin Technologies Limited is the registrar.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Sambhv Steel Tubes IPO RHP.

Industry Outlook

1. Utilise a substantial portion of the net proceeds to prepay or repay existing borrowings, thereby improving the capital structure and lowering interest expenses to enhance financial flexibility.
2. Allocate funds towards routine corporate needs such as administrative expenses, brand building, and strategic initiatives aimed at strengthening market presence and operational scale.
3. Facilitate growth by investing in capacity enhancement, backward integration, and value-added product lines to consolidate the company’s position in the steel pipes and tubes industry.
4. Strengthen working capital and operational resilience to support increased production volumes, optimise resource utilisation, and maintain profitability in a competitive market.

Sambhv Steel Tubes IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Expand financing operations by deploying funds into lending and investment activities across corporate, retail, and infrastructure segments. This includes extending credit to small and medium enterprises, project finance, and consumer loans.
2. Repay existing borrowings to optimise the capital structure and reduce interest costs, thereby improving financial flexibility and operational efficiency.
3. Support capital expenditure and working capital needs, including investment in technology, infrastructure, and systems to enhance service delivery and scale operations.
4. Fund general corporate purposes, such as administrative expenses, brand development, and strategic initiatives aimed at strengthening market presence and long-term growth.

About Sambhv Steel Tubes Limited

Sambhv Steel Tubes Limited was originally incorporated on 24 April 2017 in Chhattisgarh, India, as Sambhv Sponge Power Private Limited under the Companies Act, 2013. It was subsequently renamed Sambhv Steel Tubes Private Limited in February 2024 to better reflect its core business and later converted into a public limited company in July 2024.

The company is a prominent manufacturer of electric resistance welded (ERW) steel pipes and structural tubes in India, with a fully backward-integrated manufacturing facility located in Raipur, Chhattisgarh. It is the only player in the country with the capability to produce narrow width hot rolled coils in-house, enabling it to maintain quality control and cost efficiency across the value chain.

Sambhv Steel Tubes serves a diverse range of sectors including infrastructure, construction, automotive, and engineering. Its product portfolio includes ERW pipes, galvanised iron (GI) pipes, hot rolled coils, sponge iron, and steel door frames. The company has a growing distribution network across 15 states and one union territory, and is expanding its footprint through new facilities and value-added product lines.

With a focus on operational excellence, vertical integration, and strategic expansion, Sambhv Steel Tubes aims to strengthen its position as a leading player in the Indian steel tubes and pipes industry, while delivering sustainable growth and long-term value to its stakeholders.

How To Check the Allotment Status of the Sambhv Steel Tubes IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Sambhv Steel Tubes IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Sambhv Steel Tubes IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Sambhv Steel Tubes IPO

Registered office: Office No. 501 to 511, Harshit Corporate, Amanaka, Raipur – 492001, Chhattisgarh, India.

Phone: +91 771 2222 360

E-mail: cs@sambhv.com

Sambhv Steel Tubes IPO Prospectus

• Sambhv Steel Tubes IPO DRHP

Sambhv Steel Tubes IPO Registrar and Lead Managers

Sambhv Steel Tubes IPO Lead Managers

• Nuvama Wealth Management Limited
• Motilal Oswal Investment Advisors Limited

Registrar for Sambhv Steel Tubes IPO

KFIN Technologies Limited

• Contact Number: +91 40 6716 2222
• Email Address: ipo@kfintech.com

Sambhv Steel Tubes IPO Registrar