Latest news with #SambhavSteelTubes
Business Standard
02-07-2025
- Business
- Business Standard
Sambhv Steel Tubes jumps on debut
Shares of Sambhv Steel Tubes were currently trading at Rs 99.76 at 10:30 IST on the BSE, representing a premium of 21.66% compared with the issue price of Rs 82. The scrip was listed at Rs 110.10, exhibiting a premium of 34.27% to the issue price. So far, the stock has hit a high of 110.89 and a low of 96.17. On the BSE, over 51.41 lakh shares of the company were traded in the counter so far. The initial public offer of Sambhv Steel Tubes received was subscribed 28.46 times. The issue opened for bidding on 25 June 2025 and it closed on 27 June 2025. The price band of the IPO is fixed between Rs 77 and 82 per share. The offer comprised fresh issue of up to 5,36,58,537 equity shares at the upper price band of Rs 82 and 57142857 equity shares at the lower price band of Rs 77 aggregating Rs 440 crore and an offer for sale up to 1,21,95,122 equity shares crore at the upper price band of Rs 82 and 1,29,87,013 equity shares crore at the lower price band of Rs 77 aggregating Rs 100 crore. The company proposes to utilized the net proceeds from the issue towards pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company amounting Rs 390 crore and the balance towards general corporate purposes. As of April 30, 2025, the total outstanding borrowings of the company are Rs 554.585 crore including Rs 549.058 crore of fund based borrowings and Rs 5.527 crore of non-fund borrowings. Sambhv Steel 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 primarily manufactures value added products such as pre-galvanized (GP) coils, GP pipes, Stainless steel (SS) HRAP (hot rolled annealed and pickled) coils, SS cold rolled (CR) coils at the Kuthrel facility. The company has installed a captive power plant which, as of March 31, 2025, operates with an installed capacity of 25 MW (comprising a 16 MW waste heat recovery boiler (WHRB) and nine MW atmospheric fluidized bed combustion (AFBC) system) that provides a localized source of power to its Sarora facility. Ahead of the IPO, Sambhav Steel Tubes on Tuesday, 24 June 2025, raised Rs 161.24 crore from anchor investors. The board allotted 1.96 crore shares at Rs 82 each to 19 anchor investors. The firm reported a standalone net profit of Rs 40.69 crore and a total income of Rs 1,016.09 crore for the nine months ended on 31 December 2024.
Business Standard
30-06-2025
- Business
- Business Standard
Sambhv Steel Tubes IPO ends with 28.46x subscription
The offer received bids for 140.02 crore shares as against 4.92 crore shares on offer. The initial public offer of Sambhv Steel Tubes received bids for 1,40,02,52,308 shares as against 4,92,06,100 shares on offer. The issue was subscribed 28.46 times. The Qualified Institutional Buyers (QIBs) category was subscribed 62.32 times. The Non-Institutional Investors (NIIs) category was subscribed 31.82 times. The Retail Individual Investors (RIIs) category was subscribed 7.99 times. The issue opened for bidding on 25 June 2025 and it closed on 27 June 2025. The price band of the IPO is fixed between Rs 77 and 82 per share. An investor can bid for a minimum of 182 equity shares and in multiples thereof. The offer comprises fresh issue of up to 5,36,58,537 equity shares at the upper price band of Rs 82 and 57142857 equity shares at the lower price band of Rs 77 aggregating Rs 440 crore and an offer for sale up to 1,21,95,122 equity shares crore at the upper price band of Rs 82 and 1,29,87,013 equity shares crore at the lower price band of Rs 77 aggregating Rs 100 crore. The company proposes to utilize the net proceeds from the issue towards pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company amounting Rs 390 crore and the balance towards general corporate purposes. As of April 30, 2025, the total outstanding borrowings of the company are Rs 554.585 crore including Rs 549.058 crore of fund based borrowings and Rs 5.527 crore of non-fund borrowings. Sambhv Steel 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 primarily manufactures value added products such as pre-galvanized (GP) coils, GP pipes, Stainless steel (SS) HRAP (hot rolled annealed and pickled) coils, SS cold rolled (CR) coils at the Kuthrel facility. The company has installed a captive power plant which, as of March 31, 2025, operates with an installed capacity of 25 MW (comprising a 16 MW waste heat recovery boiler (WHRB) and nine MW atmospheric fluidized bed combustion (AFBC) system) that provides a localized source of power to its Sarora facility. Ahead of the IPO, Sambhav Steel Tubes on Tuesday, 24 June 2025, raised Rs 161.24 crore from anchor investors. The board allotted 1.96 crore shares at Rs 82 each to 19 anchor investors. The firm reported a standalone net profit of Rs 40.69 crore and total income of Rs 1,016.09 crore for the nine months ended on 31 December 2024.
Business Standard
27-06-2025
- Business
- Business Standard
Sambhv Steel Tubes IPO subscribed 28.46 times
The offer received bids for 140.02 crore shares as against 4.92 crore shares on offer. The initial public offer of Sambhv Steel Tubes received bids for 1,40,02,38,476 shares as against 4,92,06,100 shares on offer, according to stock exchange data at 17:30 IST on Friday (27 June 2025). The issue was subscribed 28.46 times. The issue opened for bidding on 25 June 2025 and it will close on 27 June 2025. The price band of the IPO is fixed between Rs 77 and 82 per share. An investor can bid for a minimum of 182 equity shares and in multiples thereof. The offer comprises fresh issue of up to 5,36,58,537 equity shares at the upper price band of Rs 82 and 57142857 equity shares at the lower price band of Rs 77 aggregating Rs 440 crore and an offer for sale up to 1,21,95,122 equity shares crore at the upper price band of Rs 82 and 1,29,87,013 equity shares crore at the lower price band of Rs 77 aggregating Rs 100 crore. The company proposes to utilize the net proceeds from the issue towards pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company amounting Rs 390 crore and the balance towards general corporate purposes. As of April 30, 2025, the total outstanding borrowings of the company are Rs 554.585 crore including Rs 549.058 crore of fund based borrowings and Rs 5.527 crore of non-fund borrowings. Sambhv Steel 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 primarily manufactures value added products such as pre-galvanized (GP) coils, GP pipes, Stainless steel (SS) HRAP (hot rolled annealed and pickled) coils, SS cold rolled (CR) coils at the Kuthrel facility. The company has installed a captive power plant which, as of March 31, 2025, operates with an installed capacity of 25 MW (comprising a 16 MW waste heat recovery boiler (WHRB) and nine MW atmospheric fluidized bed combustion (AFBC) system) that provides a localized source of power to its Sarora facility. Ahead of the IPO, Sambhav Steel Tubes on Tuesday, 24 June 2025, raised Rs 161.24 crore from anchor investors. The board allotted 1.96 crore shares at Rs 82 each to 19 anchor investors. The firm reported a standalone net profit of Rs 40.69 crore and total income of Rs 1,016.09 crore for the nine months ended on 31 December 2024.
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Business Standard
27-06-2025
- Business
- Business Standard
Sambhv Steel Tubes IPO Day 3 update: Subscription rises 3x, GMP at 14%
Sambhv Steel Tubes IPO Day 3 subscription status: Despite a sluggish response from investors initially, the public issue of Chhattisgarh-based Sambhav Steel Tubes has been fully subscribed by the third and final day of bidding. As of 11:30 AM on Friday, June 27, the issue received bids for 163.47 million shares against 49.2 million on offer, translating to an overall subscription of 3.32 times. Non-institutional investors (NIIs) led the demand with their portion subscribed 7.56 times, followed by retail investors at 3.07 times, and the employee quota was subscribed 2 times. While the qualified institutional buyers (QIBs) segment saw only 61 per cent subscription. Sambhv Steel aims to raise ₹540 crore through a combination of a fresh issue of 53.7 million equity shares aggregating to ₹440 crore and an offer for sale (OFS) of 12.2 million shares aggregating to ₹100 crore. Ahead of the issue, the company announced that it has raised ₹161.3 crore via anchor book. It allocated 19.6 million equity shares to anchor investors at the upper-end price of ₹82 per share. Institutional investors participating in the anchor book included Whiteoak Capital Mutual Fund, Ashoka India, Motilal Oswal MF, Niveshaay Sambhav Fund, Saraswati Commercial (India), Astrone Capital, Citigroup Global, Nomura Singapore, Société Générale, and BNP Paribas Financial Markets. Sambhv Steel Tubes IPO GMP On Friday, the unlisted shares of Sambhv Steel were trading at ₹94 in the grey market, commanding a premium of ₹12 or 14.6 per cent, according to sources tracking unofficial markets. Sambhv Steel Tubes IPO price band, lot size The company has set the price band in the range of ₹77 to ₹82, with a lot size of 182 shares. A retail investor would require a minimum investment amount of ₹14,924 to bid for one lot and in multiples thereof. Sambhv Steel Tubes IPO listing date The three-day subscription window to bid for the Sambhv Steel IPO will close today, June 27, 2025. The basis of allotment of shares is expected to be finalised on Monday, June 30, 2025. Shares will be credited into the demat accounts of respective allottees on Tuesday, July 1, 2025. Shares of Sambhv Steel are scheduled to make their debut on the bourses, NSE and BSE, on July 2, 2025. Sambhv Steel Tubes IPO objective As per the red herring prospectus (RHP), the company plans to use ₹390 crore from the net fresh issue proceeds for prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the company. The remaining funds will be used for general corporate purposes. Sambhv Steel Tubes IPO registrar, lead manager Kfin Technologies is the registrar of the issue. Nuvama Wealth Management and Motilal Oswal Investment Advisors are the book-running lead managers of the issue. About Sambhv Steel Tubes Incorporated in 2017, Sambhv Steel Tubes manufactures Electric Resistance Welded (ERW) steel pipes and structural tubes. With a facility in Sarora, Chhattisgarh, the company ranks among the top in installed capacity and is one of only two Indian firms using narrow-width HR coils for ERW production. Sambhv also operates in the stainless steel coils space, serving diverse sectors like infrastructure, agriculture, automotive, and energy. Its annual sales volume stood at 198,956 metric tonnes as of December 31, 2024.
Business Standard
26-06-2025
- Business
- Business Standard
Sambhv Steel Tubes IPO subscribed 1.76 times
The offer received bids for 8.64 crore shares as against 4.92 crore shares on offer. The initial public offer of Sambhv Steel Tubes received bids for 8,64,61,830 shares as against 4,92,06,100 shares on offer, according to stock exchange data at 17:00 IST on Thursday (26 June 2025). The issue was subscribed 1.76 times. The issue opened for bidding on 25 June 2025 and it will close on 27 June 2025. The price band of the IPO is fixed between Rs 77 and 82 per share. An investor can bid for a minimum of 182 equity shares and in multiples thereof. The offer comprises fresh issue of up to 5,36,58,537 equity shares at the upper price band of Rs 82 and 57142857 equity shares at the lower price band of Rs 77 aggregating Rs 440 crore and an offer for sale up to 1,21,95,122 equity shares crore at the upper price band of Rs 82 and 1,29,87,013 equity shares crore at the lower price band of Rs 77 aggregating Rs 100 crore. The company proposes to utilize the net proceeds from the issue towards pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company amounting Rs 390 crore and the balance towards general corporate purposes. As of April 30, 2025, the total outstanding borrowings of the company are Rs 554.585 crore including Rs 549.058 crore of fund based borrowings and Rs 5.527 crore of non-fund borrowings. Sambhv Steel 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 primarily manufactures value added products such as pre-galvanized (GP) coils, GP pipes, Stainless steel (SS) HRAP (hot rolled annealed and pickled) coils, SS cold rolled (CR) coils at the Kuthrel facility. The company has installed a captive power plant which, as of March 31, 2025, operates with an installed capacity of 25 MW (comprising a 16 MW waste heat recovery boiler (WHRB) and nine MW atmospheric fluidized bed combustion (AFBC) system) that provides a localized source of power to its Sarora facility. Ahead of the IPO, Sambhav Steel Tubes on Tuesday, 24 June 2025, raised Rs 161.24 crore from anchor investors. The board allotted 1.96 crore shares at Rs 82 each to 19 anchor investors. The firm reported a standalone net profit of Rs 40.69 crore and total income of Rs 1,016.09 crore for the nine months ended on 31 December 2024.
