Sambhv Steel IPO Price Band Announced at ₹77–82 Per Share; Listing Date Set for July 2

20 June 2025: Sambhv Steel has announced the official price band for its upcoming IPO (Initial Public Offering) at ₹77 to ₹82 per equity share. The lot size is 182 shares. With a P/E ratio of 26x (TTM EPS), the valuations are seemingly balanced to appeal to both retail and institutional investors.

The fresh issue proceeds (₹400 crore) are earmarked for debt repayment and capex. The issue is tailored to include retail investors (35% allocation), boosting broader participation.

Key IPO Dates and Details

• Anchor Investor Bidding: June 24
• Subscription Window: June 25–27
• Basis of Allotment: June 30
• Refunds and Share Credit: July 1
• Listing Date: July 2

The overall issue size is ₹540 crore, which includes a new issue of ₹440 crore and an offer for sale (OFS) of up to ₹100 crore from current promoters and shareholders. Sambhv Steel Tubes’ projected market capitalisation is ₹2,416 crore at the high end of the price range.

Fund Utilisation Plan

₹390 crore from the new offer will mostly go toward paying off debts and other business needs. According to its draft red herring prospectus, the company has borrowed ₹347 crore as of March 2024.

Company Overview

Sambhv Steel Tubes Ltd is one of India’s leading manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections), based on installed capacity as of March 31, 2024.

The Sambhv Steel Tubes IPO is being managed by Nuvama Wealth Management and Motilal Oswal Investment Advisors, who are acting as the book-running lead managers.

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations