Latest news with #VikasGoyal
Mint
08-07-2025
- Business
- Mint
Niveshaay-Backed Sambhv Steel Tubes Makes Debut on Dalal Street
Sambhv Steel Tubes Ltd. marked a major milestone with its Main Board debut on 2nd July 2025, listing at ₹ 110. The ₹ 540 crore IPO received an overwhelming response, with 28.5× oversubscription across all investor categories.. Backed by Niveshaay a reputed Surat-based investment firm known for its early identification of high-potential growth companies. — Sambhv Steel Tubes has rapidly redefined industry benchmarks. From its state-of-the-art, backward-integrated facility in Raipur, strategically located in India's steel heartland, Sambhv has pioneered ERW pipe manufacturing through the secondary route, delivering exceptional cost efficiency and product quality comparable to primary steel players. Further setting itself apart, Sambhv's in-house production of narrow-width coils and its emergence as one of just three players in the stainless-steel segment highlight its technological edge and scalable, efficient operations. Reflecting on this milestone, Arvind Kothari of Niveshaay shared: 'We firmly believe that a simple and focused business approach holds immense potential for wealth creation — an opportunity often overlooked by the markets. What impressed us from the beginning was the promoters' unwavering commitment to scaling the business using internal accruals, and their focus on building a reliable brand. Their ambition to double capacity every three years and maintain higher ROCE than industry peers truly set them apart. At Niveshaay, our private market philosophy goes far beyond capital deployment. We back visionary entrepreneurs who dare to think differently and execute with discipline. We become true partners — offering strategic guidance, sectoral depth, and access to an entrepreneurial network that enables sustainable growth. Our journey with Sambhv Steel Tubes is a shining example of this approach in action- in 2023, we led a funding round in which the company raised ₹ 150 crores at a pre-money valuation of ₹ 750 crores. Similar investment stories include Kimbal Technologies, Sri Chakra Polyplast, and Waaree Energies — each reflecting our commitment to identifying promising founders early and empowering them to build long-term value. Speaking on this association, Vikas Goyal, MD & CEO of Sambhv Steel Tubes Ltd., said: 'Niveshaay has been more than just an investor — they've been a true strategic partner in our growth. Their data-driven insights and on-ground research gave us clarity not just about our business, but the entire industry landscape. From early IPO planning and capital mobilization to stakeholder connections and customer introductions, they've supported us at every step. With a long-term mindset and unwavering integrity, they've consistently acted like an extension of our deeply value this partnership and look forward to scaling new heights together.' As we continue to invest in private markets, our focus remains steadfast: to empower exceptional founders, help them build category-defining businesses, and deliver enduring value for all stakeholders. Sambhv's successful listing is not just a financial milestone — it is a testament to what becomes possible when bold leadership meets the right capital and long-term support. Making things 'Sambhav' — The Hedgehogs Way at Niveshaay. Note to the Reader: This article is part of Mint's promotional consumer connect initiative and is independently created by the brand. Mint assumes no editorial responsibility for the content.
Fashion Value Chain
10-06-2025
- Business
- Fashion Value Chain
Sambhv Steel Participates in Global Stainless-Steel Expo 2025
Sambhv Steel Tubes Ltd., one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections) in India in terms of installed capacity as of March 31, 2024 (Source: CRISIL Report), successfully showcased its stainless-steel product portfolio at the prestigious Global Stainless-Steel Expo (GSS Expo) 2025. The event, held from June 4-6, 2025, at NESCO, Mumbai, is a platform for the stainless-steel industry, attracting manufacturers, buyers, consultants, OEMs, and infrastructure professionals from across the globe. Sambhv Management team along with the Chairman Mr. Suresh Goyal and CEO & MD Mr. Vikas Goyal Participating for the first time, Sambhv introduced its stainless-steel product range, which includes: Stainless Steel Blooms and Slabs Stainless Steel Hot Rolled Annealed & Pickled (HR AP) Coils Stainless Steel CR Coils With its backward-integrated facility in Chhattisgarh, Sambhv highlighted its ability to deliver stainless steel solutions across the value chain. 'GSS Expo 2025 has been an invaluable platform for us to connect with a highly engaged audience,' said Mr. Suresh Goyal, Chairman at Sambhv Steel. 'The interest shown by consultants, EPC partners, and fabricators reinforces our confidence in the market's demand for high-precision, corrosion-resistant stainless-steel solutions tailored for solar, construction, and industrial applications.' The Sambhv stall attracted significant attention for its product quality, technical displays, and engaging brand storytelling. Visitors appreciated the company's emphasis on innovation, sustainability, and reliability. This milestone marks an important chapter in Sambhv's marketing and branding strategy, underscoring its commitment to providing scalable and sustainable steel solutions that meet the evolving demands of India and international markets. About Sambhv Steel Tubes Limited According to CRISIL Report, Sambhv Steel Tubes Limited is 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. The Company's 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. The installed capacity of ERW and GI pipes as of September 20, 2024 is 350,000 MTPA. Disclaimer SAMBHV STEEL TUBES LIMITED is proposing, subject to, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offer of its Equity Shares and has filed the DRHP dated September 30, 2024 and the corrigendum dated November 28, 2024 ('DRHP') with the Securities and Exchange Board of India ('SEBI'). The DRHP is available on the website of the Company at SEBI at websites of BSE Limited at and National Stock Exchange of India Limited at and the website of the book running lead managers, i.e. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited at and respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled 'Risk Factors' of the RHP, when filed. Potential investors should not rely on the DRHP for making any investment decision. This announcement does not constitute an offer of the Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration. Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares are not being offered or sold in the United States. About CRISIL Market Intelligence & Analytics CRISIL Market Intelligence & Analytics (CRISIL MI&A), a division of CRISIL Limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. CRISIL MI&A operates independently of CRISIL's other divisions and subsidiaries, including, CRISIL Ratings Limited. CRISIL MI&A's informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisions for clients across diverse sectors and geographies. CRISIL MI&A's strong benchmarking capabilities, granular grasp of sectors, proprietary analytical frameworks and risk management solutions backed by deep understanding of technology integration, makes it the partner of choice for public & private organisations, multi-lateral agencies, investors and governments for over three decades. For the preparation of the report, CRISIL MI&A has relied on third party data and information obtained from sources which in its opinion are considered reliable. Any forward-looking statements contained in the report are based on certain assumptions, which in its opinion are true as on the date of the report and could fluctuate due to changes in factors underlying such assumptions or events that cannot be reasonably foreseen. The report does not consist of any investment advice and nothing contained in the report should be construed as a recommendation to invest/disinvest in any entity. The industry report is prepared for use in the Offer Documents to be filed by the Company with the RoC, SEBI and the Stock Exchanges in India.
Time of India
02-06-2025
- Politics
- Time of India
Delhi Bar Association exempts advocates from wearing black coats during summer
New Delhi: Delhi Bar Association has issued a notice exempting member advocates from wearing black coats during summer sessions in district courts. "The members are free to appear in courts subordinate to the Delhi High Court without wearing black coats. However, they must adhere to the other mandatory dress code rules," said the notice dated May 24, signed by the association's secretary, Vikas Goyal. Advocate Sanjay Sharma, commenting on the development, said that the association issued an advisory for the exemption of wearing black coats during summers, while the other rules of the dress code—white shirt, black trousers, and band—are strictly to be adhered to. "This relaxation of dress code has been made keeping in mind the non-air-conditioned courtrooms and extreme heat, aiming to protect advocates' health from heat strokes and discomfort. This decision has been made to ensure efficient functioning of advocates of all age groups," said advocate Sharma. Similar exemptions have long been adopted by bar associations in Maharashtra, Goa, and Karnataka. "Some may view this as undermining courtroom professionalism. However, the Bar Council of Delhi has prioritised advocates' health over traditional attire, balancing court decorum with comfort and well-being," added advocate Sharma. "All the members are hereby informed that advocates are exempted from wearing black coats during summer, i.e., from May 16 to September 30, as per the amendment in rule under Section 49(1)(gg) of the Advocates Act of 1961," stated the notice. Section 49(1)(gg) of the act empowers the Bar Council of India (BCI) to make rules regarding the dress or robe to be worn by advocates appearing before any court or tribunal. This includes considerations for climatic conditions.
NDTV
02-06-2025
- Politics
- NDTV
Delhi Bar Association Exempts Lawyers From Wearing Black Coats In Summer
New Delhi: The Delhi Bar Association (Tis Hazari) has exempted its members from wearing the compulsory black coats in summer in the district court. The notice of May 24 said, "All the members are hereby informed that advocates are exempted from wearing black coats during summer, ie, from May 16 to September 30, as per the amendment in rule under Section 49 (1) (gg) of the Advocates Act of 1961." The provision empowers the Bar Council of India (BCI) to frame rules on the attire of advocates appearing before any court or tribunal and includes consideration of climatic conditions. "The members are free to appear in courts subordinate to the Delhi High Court without wearing black coats. The members, however, are advised to adhere to the other rules of the dress code, which is mandatory for an advocate," said the notice signed by the association's secretary Vikas Goyal.
The Hindu
02-06-2025
- Politics
- The Hindu
Delhi bar body exempts lawyers from wearing black coats in summer
The Delhi Bar Association (Tis Hazari) has exempted its members from wearing the compulsory black coats in summer in the District Court. The notice of May 24, 2025 said, 'All the members are hereby informed that advocates are exempted from wearing black coats during summer, i.e., from May 16, 2025 to September 30, 2025, as per the amendment in a rule under Section 49 (1) (gg) of the Advocates Act of 1961'. The provision empowers the Bar Council of India (BCI) to frame rules on the attire of advocates appearing before any court or tribunal and includes consideration of climatic conditions. "The members are free to appear in courts subordinate to the Delhi High Court without wearing black coats. The members, however, are advised to adhere to the other rules of the dress code, which is mandatory for an advocate," said the notice signed by the association's secretary Vikas Goyal.
