Latest news with #SambhvSteelTubesLtd
Time of India
10 hours ago
- Business
- Time of India
Sambhv Steel Tubes IPO: GMP stable at 11%, issue witnesses oversubscription. Check details
The initial public offering ( IPO ) of Raipur-based Sambhv Steel Tubes Ltd, a backward-integrated producer of ERW steel pipes and structural tubes, which opened for subscription on Wednesday, is trading at a grey market premium ( GMP ) of Rs 9–10, indicating an 11% premium over the issue price. At the end of the second day of bidding, the issue saw an overall subscription of 1.76 times, with non-institutional investors (NIIs) taking the lead, subscribing to the issue by 3.12 times, followed by the retail investors, who subscribed to the issue by 1.84 times. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Milana, 38, Shows Her Huge Size In New Photos. Paperela Undo The qualified institutional buyers (QIBs) subscribed to the issue by 61%. Investors can bid for a minimum of 182 shares, translating to a minimum investment of Rs 14,924 at the upper end of the price band. The IPO comprises a fresh issue of shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore. The company plans to utilise the proceeds primarily to repay borrowings up to Rs 390 crore and for general corporate purposes. The shares are expected to be listed on both the NSE and BSE on July 2. Live Events What brokerages say about Sambhv Steel Tubes IPO? Goejit Investments- Subscribe At the upper price band of Rs 82, SSTL is valued at a P/E ratio of 44.5x (FY25E annualised), which appears reasonably priced relative to its is strategically positioned to capitalize on India's infrastructure boom, driven by initiatives such as the Jal Jeevan Mission and Amrit Bharat scheme. As a backward-integrated player with consistent financial growth, efficient strategic sourcing, and ongoing expansion plans, the company is well-poised for long-term value creation—supporting a 'Subscribe' recommendation for investors. BP Wealth- Subscribe BP wealth highlights Sambhv's cost-efficient, single-location integrated facility and rising market share. Ventura Securities too recommends 'Subscribe', noting the company's robust distributor-dealer network spanning 15 states and one union territory, and its expansion into stainless steel products, which could push future margins higher. Choice Broking- Subscribe for long term At a higher price band, the company is demanding a valuation of a P/E of 29.3x (based on FY24 EPS of Rs. 2.8) and EV/Sales of 2.4x; this valuation seems to be fully priced compared to its peer average. Annualizing 9MFY25 earnings (EPS of Rs 1.8), the implied P/E rises to 44.5x, reflecting a temporary decline in profitability due to ongoing facility expansions. Backed by fully integrated operations and in-house manufacturing capabilities, the company is well-positioned to capitalize on this sectoral growth. While there may be short-term pressure on margins, the company's ongoing expansion and favorable industry dynamics point to strong long-term growth potential. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
2 days ago
- Business
- Mint
Sambhv Steel Tubes IPO Day 1 Live: Check GMP, issue details, subscription status. Should you apply or not?
Sambhv Steel Tubes IPO Day 1 Live: Sambhv Steel Tubes Ltd's initial public offering (IPO) is set to open for public subscription on Wednesday, June 25, and will close on Friday, June 27. On Tuesday, June 24, the company announced it has secured ₹ 161.25 crore from anchor investors just one day prior to the opening of its initial share sale for the public. Sambhv Steel Tubes IPO price band has been established between ₹ 77 and ₹ 82 per share, with a face value of ₹ 10. Sambhv Steel Tubes specified that 50% of the total offer has been allocated for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. The expected date for finalising the basis of share allotment for Sambhv Steel Tubes IPO is Monday, June 30. Refunds are planned to be initiated on Tuesday, July 1, and shares will be credited to the demat accounts of successful allottees later that same day after the refunds. The shares of Sambhv Steel Tubes are anticipated to be listed on the BSE and NSE on Wednesday, July 2. As of March 31, 2024, Sambhv Steel is recognised as one of the leading manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity. A report from Crisil indicates that the demand for domestic steel pipes and tubes is projected to grow at a compound annual growth rate (CAGR) of 5-6%, reaching an estimated 12.50-13.50 million tonne per annum (MTPA) in FY25, up from 8.8 MTPA in FY19. Subscription for the public issue will open at 10:00 IST during Wednesday's deals. As per SBICAP Securities, the firm is assessed at an annualized EV/EBITDA ratio of 18.2x and a P/E ratio of 44.5x for 9MFY25, calculated based on the maximum price range and post-issue capitalization. Sambhv Steel Tubes is one of the few companies in India equipped with a backward integration facility, which allows it to provide a varied range of premium products in a cost-effective way. The company has improved its production capabilities to encompass Stainless Steel (SS) Bloom, SS Hot Rolled Coils, SS Cold Rolled Coils, and SS HRAP Coils—products recognized for their significant margin potential. Given the strong industry momentum, effective backward integration, and an expanding array of value-added products, the company is strategically positioned for continuous growth. The brokerage advise investors to subscribe to the issue at the cut-off price with a long-term investment perspective. The initial public offering comprises a new issue of equity shares estimated at ₹ 440 crore along with an offer for sale (OFS) of shares amounting to ₹ 100 crore from the promoters. Proceeds from the fresh issue will be utilised for payment of debt and general corporate purposes. Nuvama Wealth Management and Motilal Oswal Investment Advisors are the book-running lead managers to the issue. Sambhv Steel Tubes IPO GMP today is +5. This indicates Sambhv Steel Tubes share price was trading at a premium of ₹ 5 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Sambhv Steel Tubes share price is indicated at ₹ 87 apiece, which is 6.10% higher than the IPO price of ₹ 82. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
3 days ago
- Business
- Economic Times
Sambhv Steel Tubes IPO opens today: Should you subscribe?
Should you subscribe? Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Raipur-based Sambhv Steel Tubes Ltd , a backward-integrated manufacturer of ERW steel pipes and structural tubes, has opened its Rs 540 crore IPO for subscription today, June 25. The offer will close on June 27, with a price band of Rs 77 to Rs 82 per can apply in lots of 182 shares, translating to a minimum investment of Rs 14,924 at the upper band. Ahead of the issue opening, the GMP is around Rs 5, which is 6% premium over the issue IPO comprises a fresh issue of shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore. The proceeds will be used mainly to repay borrowings (up to Rs 390 crore) and for general corporate purposes. The listing is scheduled for July 2, on both the NSE and are largely positive on the issue, citing Sambhv's strong fundamentals, integration advantages, and scalability in a growing Wealth has issued a 'Subscribe' rating, highlighting Sambhv's cost-efficient, single-location integrated facility and rising market share. Ventura Securities too recommends 'Subscribe', noting the company's robust distributor-dealer network spanning 15 states and one union territory, and its expansion into stainless steel products which could push future margins product portfolio includes black pipes, hollow sections, CRFH pipes, Corten steel pipes, GP pipes, GI pipes, and commencing operations in 2018, the company has integrated vertically—manufacturing sponge iron, blooms, slabs, and coils in-house. This structure offers insulation against input cost fluctuations and ensures supply-chain FY24, Sambhv reported a revenue of Rs 1,285.76 crore, up 37% YoY. PAT stood at Rs 82.44 crore, with EBITDA margins at 12.40%. Net worth doubled from Rs 210.4 crore in FY23 to Rs 438.28 crore in FY24, while borrowings also rose significantly to Rs 619.14 crore, a factor the IPO aims to the upper end of the price band, Sambhv is valued at a P/E of 21.64x (FY24) and 36.39x (annualised 9MFY25), compared to an industry average of 27.14x. While marginally premium, analysts believe these valuations are justified given the company's forward integration, expanding product mix, and access to raw materials.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
3 days ago
- Business
- Time of India
Sambhv Steel Tubes IPO opens today: Should you subscribe?
Raipur-based Sambhv Steel Tubes Ltd , a backward-integrated manufacturer of ERW steel pipes and structural tubes, has opened its Rs 540 crore IPO for subscription today, June 25. The offer will close on June 27, with a price band of Rs 77 to Rs 82 per share. Investors can apply in lots of 182 shares, translating to a minimum investment of Rs 14,924 at the upper band. Ahead of the issue opening, the GMP is around Rs 5, which is 6% premium over the issue price. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New mobile air conditioner requires no installation (search now) Air Condition | Search Ads Search Now Undo The IPO comprises a fresh issue of shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore. The proceeds will be used mainly to repay borrowings (up to Rs 390 crore) and for general corporate purposes. The listing is scheduled for July 2, on both the NSE and BSE. Should you subscribe? Brokerages are largely positive on the issue, citing Sambhv's strong fundamentals, integration advantages, and scalability in a growing sector. Live Events BP Wealth has issued a 'Subscribe' rating, highlighting Sambhv's cost-efficient, single-location integrated facility and rising market share. Ventura Securities too recommends 'Subscribe', noting the company's robust distributor-dealer network spanning 15 states and one union territory, and its expansion into stainless steel products which could push future margins higher. Sambhv's product portfolio includes black pipes, hollow sections, CRFH pipes, Corten steel pipes, GP pipes, GI pipes, and more. Since commencing operations in 2018, the company has integrated vertically—manufacturing sponge iron, blooms, slabs, and coils in-house. This structure offers insulation against input cost fluctuations and ensures supply-chain reliability. In FY24, Sambhv reported a revenue of Rs 1,285.76 crore, up 37% YoY. PAT stood at Rs 82.44 crore, with EBITDA margins at 12.40%. Net worth doubled from Rs 210.4 crore in FY23 to Rs 438.28 crore in FY24, while borrowings also rose significantly to Rs 619.14 crore, a factor the IPO aims to correct. At the upper end of the price band, Sambhv is valued at a P/E of 21.64x (FY24) and 36.39x (annualised 9MFY25), compared to an industry average of 27.14x. While marginally premium, analysts believe these valuations are justified given the company's forward integration, expanding product mix, and access to raw materials. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
News18
6 days ago
- Business
- News18
Sambhv Steel Tubes IPO To Open On June 25; Price Band Set At Rs 77-Rs 82, Issue Size At Rs 540 Crore
The GMP of the Sambhv Steel Tubes IPO currently stands at 9.76%, indicating mild listing gains. Sambhv Steel Tubes IPO: Sambhv Steel Tubes Ltd is set to launch its initial public offering (IPO) on Wednesday, June 25, 2025, with the public issue aiming to raise Rs 540 crore, according to the Red Herring Prospectus filed by the company. The IPO will remain be closed on Friday, June 27, while the anchor investor window will open on Tuesday, June 24. The IPO consists of a fresh issue of equity shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore by the company's promoter and promoter group shareholders. Sambhv Steel Tubes IPO: Price Band and Lot Size The price band has been fixed at Rs 77 to Rs 82 per equity share of face value Rs 10 each. Investors can bid for a minimum of 182 equity shares and in multiples thereof. A discount of Rs 4 per equity share is being offered to eligible employees bidding in the reserved employee portion. Sambhv Steel Tubes IPO GMP Today According to market observers, the GMP of the IPO currently stands at 9.76%, indicating mild listing gains. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Sambhv Steel Tubes IPO Proceeds As per the RHP, Sambhv Steel intends to use the net proceeds from the fresh issue primarily for pre-payment or scheduled repayment of certain outstanding borrowings, and the remaining amount will go towards general corporate purposes. Sambhv Steel Tubes IPO Listing and Lead Managers The equity shares will be listed on both the BSE and the National Stock Exchange (NSE) on July 2. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the issue. Category-Wise Allocation The IPO is being offered through the book-building process in line with SEBI's Issue of Capital and Disclosure Requirements (ICDR) Regulations: Not more than 50% of the net offer will be allocated to qualified institutional buyers (QIBs). Up to 60% of the QIB portion may be allocated to Anchor Investors, with one-third reserved for domestic mutual funds. A minimum of 15% is reserved for Non-Institutional Bidders (NIIs). At least 35% is reserved for retail investors. A portion of the shares is also reserved for eligible employees, who will benefit from the Rs 4 discount. 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. According to a Crisil report, the demand for domestic steel pipes and tubes is expected to have grown at a compound annual growth rate (CAGR) of 5-6 per cent to 12.50-13.50 million tonnes per annum (MTPA) in FY25 from 8.8 MTPA in FY19. The growth was led by government initiatives to augment urban structural infrastructure and to infuse investments in the oil and gas sector. Going forward, domestic steel pipe demand is projected to increase to 18.50-20.50 MTPA in FY29 at 8-9 per cent CAGR between FY25 and FY29 on a high base, the report added. tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 20, 2025, 17:04 IST News business » ipo Sambhv Steel Tubes IPO To Open On June 25; Price Band Set At Rs 77-Rs 82, Issue Size At Rs 540 Crore
