sambhv steel tubes IPO

Sambhv Steel Tubes IPO GMP, Review, Subscription Status, allotment & listing details @ Chanakyanipothi.com
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Latest updates of Sambhv Steel Tubes IPO Listing 
The Sebi has given green signal to this IPO and soon the dates, the price band and lot will be announced by the company

What is the last GMP of Sambhv Steel Tubes IPO?
Rs. ?

Sambhv Steel Tubes IPO Subscriptions

Price Rs. 82 Lot 182 shares, Net Rs.540 Crore

QIB B HNI X S HNI X NII X RII X Total X
           
Applications: ? / (?x)
Amount wise Bids recd. Rs. ? Crore

 

Who are the promoters of Sambhv Steel Tubesl IPO?   

THE PROMOTERS ARE BRIJLAL GOYAL, SURESH KUMAR GOYAL, VIKAS KUMAR GOYAL, SHEETAL GOYAL, SHASHANK GOYAL AND ROHIT GOYAL

What are the Objects of Sambhv Steel Tubes IPO?

The Company proposes to utilise the Net Proceeds towards funding the following objects: 
1. Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company
and
2. General corporate purposes. 

What is the business of Sambhv Steel Tubes?

Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (“ERW”) steel pipes and structural tubes (hollow section) in India in terms of installed capacity as of March 31, 2024. It 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. Its backward integration processes allow it to manufacture a range of finished products including ERW black pipes and tubes (hollow section) and galvanized iron (“GI”) pipes, using intermediate products such as sponge iron, blooms/slabs and hot rolled (“HR”) coil which are manufactured in-house. It hs one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coil, as of March 31, 2024. It is the only player in India to manufacture narrow-width HR coil with backward integration capability, as of March 31, 2024.  

Its products are rust-resistant and tailored to meet specific market requirements, ensuring wide application across multiple sectors including housing and infrastructure, water transportation, agriculture, automobile, telecommunications, oil and gas, engineering, solar energy, fire-fighting systems, and for support structures of conveyors.

The company has a wide distribution network in India which extends across 15 states and one union territory as of March 31, 2024. It commenced its operations in 2018 with the manufacturing of sponge iron. In its six-year journey, it has continuously moved towards manufacture of value-added products through its integrated set up.

Its existing manufacturing facility is located in Village – Sarora, Tehsil Tilda, Raipur (“Sarora (Tilda) Facility”) in the mineral rich state of Chhattisgarh. The company is located in close proximity to its key raw material suppliers. It sources its iron ore requirements from a “Navratna” public sector undertaking (“PSU”) mining company’s mines, which are known for producing India’s highest grade of iron ore.

For more information, click : www.sambhv.com

Sambhv Steel Tubes IPO GMP, Particulars & Guidance

Sambhv Steel Tubes IPO Details 
IPO opens on  25 June 2025 
IPO closes on  27 June 2025
Issue Type Book Built Issue IPO
Issue Size 658,53,657 Shares /
Rs 540 Crore
* Fresh Issue 536,58,536 Shares /
Rs 440 Crore
* Offer for Sale  121,95,121 Shares /
Rs 100 Cr
   
Face Value per share: Rs. 10
Price Band  Rs.77-82
Retail Discount  Rs 0 per share
Employee discount  Rs. 4 per share
Retail Lot Size  182 Shares
Listing will at  BSE, NSE
Shares offered? Shares Rs. in
Crore
QIB (50 %)     
NII (15 %)     
RII (35 %)     
Employees
Total Shares  65853657 540
Retail portion will be oversubscribed by  ? Forms.
How to apply in the IPO? Amount
Rs.
Min Retail  812 14,924
Max Retail  2366 1,94,012
Small HNI (Min) 2548 2,08,936
Small HNI (Max)  12194 9,99,908
Big HNI  12376 10,14,832
What is the timetable of the IPO?
IPO opens on 25 June2025
IPO Closes on 27 June 2025
IPO Allotment on  30 June 2025
Unblocking of ASBA  1 July 2025
Credit of Shares 1 July 2025
Listing on 2 Jult 2025
Registered Office of the company
Office No. 501 to 511, Harshit Corporate, Amanaka, Raipur 492 001, Chhattisgarh, India 
Who are the Lead Managers of the IPO?
Nuvama Wealth Management ltd
Motilal Oswal Investment Advisors ltd
Registrar to IPO
KFin Technologies Ltd

Sambhv Steel Tubes Financials

Period Ended

31-Dec-24 31-Mar-24 31-Mar-23 31-Mar-22
Assets 1,411.82 940.13 552.14 458.51
Revenue 1,018.81 1,289.38 939 820.75
Profit After Tax 40.69 82.44 60.38 72.11
EBITDA 106.37 159.87 117.3 124.52
Net Worth 478.46 438.28 210.4 149.3
Reserves and Surplus   197.28 190.31 129.21
Total Borrowing 619.15 346.88 282.77 241.29
Amount in ₹ Crore

 

KPI Values
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
EPS Rs. 3.42
PE Ratio 23.97

How the IPO compares with the Peers?

Company Name P/E (x) RoNW (%)
Sambhv Steel Tubes Limited   25.42
Apl Apollo Tubes 68.52 22.21
Hariom Pipe Industries  21.15 13.56
Hi-Tech Pipes  35.52 8.9
JTL Industries L 10.16 19.15
Rama Steel Tubes  24.27 10.4
Surya Roshni  10.98 17.41

 

# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Sambhv Steel Tubes IPO Review * by Paresh Gordhandas, CA & Research Analyst.

Will update soon

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