Sambhv Steel Tubes IPO: Check Listing Date, Allotment Status, GMP, Price Prediction
The GMP of the Sambhv Steel Tubes IPO has increased to 17.01% currently; Check listing date and listing price prediction
Sambhv Steel Tubes IPO Listing: The Rs 540 crore IPO of Sambhv Steel Tubes Ltd received a tepid response during the initial days but saw a strong surge in demand on the final day, ultimately getting oversubscribed 30.33 times.
Subscription Status
On its opening day, the IPO was subscribed just 41%, indicating a slow start. However, interest picked up slightly on the second day, with overall subscription reaching 1.27 times. The final day saw a flurry of investor activity, pushing total subscriptions to 30.33 times.
Sambhv Steel Tubes IPO Allotment Finalised
The allotment of the Sambhv Steel Tubes IPO has been finalised.
Sambhv Steel Tubes IPO: A Step-By-Step Guide To Check Allotment Status
Investors can also check their allotment status on the websites of the NSE as well as registrar Kfin Technologies. The allotment status can be checked by following these steps:
1) Go to the official BSE website via the URL -https://www.bseindia.com/investors/appli_check.aspx.
2) Under 'Issue Type', select 'Equity'.
3) Under 'Issue Name', select 'Sambhv Steel Tubes Ltd' in the drop-down.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen.
The allotment status can also be checked on the NSE's website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
Latest GMP And Listing Price Prediction
The IPO comprised a fresh issue of Rs 440 crore and an Offer for Sale (OFS) of Rs 100 crore. The price band was set between Rs 77 and Rs 82 per share. According to market analysts, the IPO is commanding a grey market premium (GMP) of Rs 14.05, which is 17.1% higher than the cap price, marking the highest GMP seen for this issue so far.
Based on the upper price band and current GMP, the estimated listing price of Sambhv Steel Tubes shares is expected to be around Rs 96.05. This suggests potential listing gains for investors. However, it's important to note that GMP figures are unofficial and can fluctuate rapidly, and should not be the sole basis for investment decisions.
IPO Listing Date
Shares of Sambhv Steel Tubes Ltd will debut on the stock exchanges on Wednesday, July 2, and will be listed on both the BSE and NSE.
Analyst Recommendations
Most brokerage houses have assigned a 'Subscribe' rating to the IPO, recommending a long-term investment view. Analysts highlighted the company's backward integration, expanding capacity, and diverse product portfolio as key strengths. They noted that robust growth prospects and a planned reduction in debt post-IPO further support a compelling investment case.
About Sambhv Steel Tubes Ltd IPO
According to the red herring prospectus (RHP), the net proceeds from the fresh issue will primarily be used for the prepayment or scheduled repayment of certain outstanding borrowings. The balance will be allocated toward general corporate purposes.
Sambhv Steel Tubes is one of India's leading manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections) by installed capacity, as of March 31, 2024.
A Crisil report cited in the RHP estimates that domestic demand for steel pipes and tubes grew at a 5–6% CAGR, reaching 12.50–13.50 million tonnes per annum (MTPA) in FY25 from 8.8 MTPA in FY19. The demand surge was driven by government-led infrastructure initiatives and increased investments in the oil and gas sector.
Looking ahead, domestic demand is projected to rise further to 18.50–20.50 MTPA by FY29, implying a CAGR of 8–9% from FY25 to FY29.
Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are acting as the Book Running Lead Managers (BRLMs) for the IPO.
tags :
IPO
Location :
New Delhi, India, India
First Published:
July 01, 2025, 12:55 IST
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