Sambhv Steel Tubes IPO
Bookbuilding IPO | ₹540.00 Cr | Listing at BSE, NSE
IPO Open
Wed, Jun 25, 2025
IPO Close
Fri, Jun 27, 2025
Price Band
₹77.00 to ₹82.00
Market Cap (Pre-IPO)
₹2,416.22 Cr
IPO Details
| IPO Date | Jun 25, 2025 to Jun 27, 2025 |
| Listing Date | Tentative: Jul 02, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹77.00 to ₹82.00 |
| Lot Size | 182 Shares (Minimum: ₹14,924.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹540.00 Crores |
| Total Shares Offered | 65,864,549 shares |
| Fresh Issue | 53,669,429 shares |
| Offer For Sale | 12,195,120 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 66.36x |
| NII | 33.88x |
| RII | 8.56x |
| Total | 30.33x |
Sambhv Steel Tubes IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 3,27,74,389 (49.76%) |
| Retail Shares Offered | 98,32,317 (14.93%) |
| NII Shares Offered | 2,29,42,073 (34.83%) |
Sambhv Steel Tubes IPO Lot Size
Investors can bid for a minimum of 182 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 182 | ₹14,924 |
| Retail (Max) | 13 | 2,366 | ₹194,012 |
| S-HNI (Min) | 14 | 2,548 | ₹208,936 |
| S-HNI (Max) | 67 | 12,194 | ₹999,908 |
| B-HNI (Min) | 68 | 12,376 | ₹1,014,832 |
Sambhv Steel Tubes Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1,411.82 | 940.13 | 552.14 | 458.51 |
| Total Income | 1,018.81 | 1,289.38 | 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 | 0.00 | 197.28 | 190.31 | 129.21 |
| Total Borrowing | 619.15 | 346.88 | 282.77 | 241.29 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 25.42% |
| ROCE (Return on Capital Employed) | 17.66% |
| Debt/Equity | 0.80 |
| RoNW (Return on Net Worth) | 25.42% |
| PAT Margin (Profit After Tax Margin) | 6.41% |
| EBITDA Margin | 12.43% |
| Price to Book Value | 4.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.42 | 1.84 |
| P/E (x) | 23.97 | 44.54 |
| Promoter Holding | 71.90% | 57.40% |
Company Promoters
- Brijlal Goyal
- Suresh Kumar Goyal
- Vikas Kumar Goyal
- Sheetal Goyal
- Shashank Goyal and Rohit Goyal are the company promoters.
Company Overview
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 have 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.
Sambhv Steel Tubes Limited's sales and marketing team comprises 23 personnel, as of July 31, 2024.
Products:
- 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 inhouse narrow-width HR coil to manufacture ERW black pipes and tubes. They also sell HR coils to other manufacturers who use HR coil 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 backwards integrated facility in India.
- Strategically located manufacturing plants resulting in operational efficiencies.
- Strong process innovation and execution capabilities allowing us to produce value-added products.
- Wide-spreadwell-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.
Use of Proceeds
| 1) | Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company; and | 390.00 |
| 2) | General corporate purposes. | 22.46 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Sambhv Steel Tubes IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Sambhv Steel Tubes Limited | 3.79 | 3.79 | 18.19 | - | 25.42 | - | - |
| Apl Apollo Tubes Ltd. | 26.40 | 26.40 | 129.60 | 68.52 | 22.21 | - | - |
| Hariom Pipe Industries Limited | 20.34 | 18.34 | 160.50 | 21.15 | 13.56 | - | Consolidated |
| Hi-Tech Pipes Limited | 3.25 | 2.69 | 38.20 | 35.52 | 8.90 | - | - |
| JTL Industries Limited | 6.63 | 6.52 | 43.72 | 10.16 | 19.15 | - | - |
| Rama Steel Tubes Ltd | 0.50 | 0.49 | 2.14 | 24.27 | 10.40 | - | - |
| Surya Roshni Ltd. | 30.51 | 30.25 | 187.63 | 10.98 | 17.41 | - | - |
Quick Info
| Sector | Steel |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹2,416.22 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jun 25, 2025 |
| IPO Close | Jun 27, 2025 |
| Allotment Date | Jul 30, 2025 |
| Credit to Demat | Jul 01, 2025 |
| Listing Date | Tentative: Jul 02, 2025 |
Lead Manager(s)
Nuvama Wealth Management Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- Sambhv Steel Tubes IPO is a book build issue of ₹540.00 crores. The issue is a combination of fresh issue of 5.37 crore shares aggregating to ₹440.02 crores and offer for sale of 1.22 crore shares aggregating to ₹99.98 crores.
- Sambhv Steel Tubes IPO bidding started from Jun 25, 2025 and ended on Jun 27, 2025. The allotment for Sambhv Steel Tubes IPO was finalized on Jun 30, 2025. The shares got listed on BSE, NSE on Jul 2, 2025.
- Sambhv Steel Tubes IPO price band is set at ₹82.00 per share . The lot size for an application is 182. The minimum amount of investment required by an retail is ₹14,924 (182 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,548 shares), amounting to ₹2,08,936, and for bNII, it is 68 lots (12,376 shares), amounting to ₹10,14,832.
- The issue includes a reservation of up to 3,20,512 shares for employees offered at a discount of ₹4.00 to the issue price.