Sambhv Steel Tubes Ends First Day at ₹97.73, Up 19% Over IPO Price Despite Market Volatility

Mumbai, 2 July 2025: Sambhv Steel Tubes Limited made its debut on the Indian stock exchanges today, opening at ₹110 per share—a strong 34.15% premium over its IPO price of ₹82. While the stock faced intraday volatility and closed lower than its listing price, it still recorded a 19.18% gain by ending the session at ₹97.73.

Strong Debut Followed by Profit Booking: Key Listing Day Metrics

Sambhv Steel Tubes opened with significant market interest, reaching a day’s high of ₹111.00 before encountering selling pressure. Despite this, the stock maintained a solid premium over the IPO price, reflecting continued investor trust.

• Listing Price: ₹110.00
• Closing Price: ₹97.73
• Day’s High: ₹111.00
• Day’s Low: ₹96.25
• VWAP: ₹101.82
• Total Traded Volume: 570.78 lakh shares
• Total Traded Value: ₹581.17 crore
• Final Market Capitalisation: ₹2,879.82 crore
• Buy Quantity at Close: 1,70,875 shares
• Sell Quantity at Close: Nil

Positive Gains Amid Volatility Reflect Underlying Investor Confidence

Although the stock declined from its intraday high due to profit-booking, it closed nearly 20% above its issue price. The trading trend signalled sustained investor appetite, driven by the company’s financial position and sector potential.

Mixed Subscription Trends Indicate Preference Among Retail and HNI Investors

Sambhv Steel Tubes’ ₹540 crore IPO was subscribed 1.76 times overall. Non-Institutional Investors and retail participants drove the interest, while institutional demand remained moderate.

• Non-Institutional Investors (HNIs): 3.12x
• Retail Investors: 1.84x
• QIBs: 0.61x
• Employees: 1.52xSambhv Steel Tubes IPO …

The IPO included a fresh issue of ₹440 crore and an offer for sale (OFS) of ₹100 crore. Net proceeds will be primarily used for repayment of ₹390 crore in borrowings and general corporate purposes.

Fund Allocation Focused on Debt Reduction and Corporate Strengthening

The IPO included a fresh issue worth ₹440 crore and an Offer for Sale (OFS) of ₹100 crore. The company plans to use ₹390 crore from the proceeds to repay borrowings, with the remaining funds allocated for general corporate purposes. This move is expected to improve financial flexibility and future growth prospects.

Operational Base in Chhattisgarh Backs Strong Revenue Momentum

Sambhv Steel Tubes, headquartered in Chhattisgarh, manufactures electric resistance welded (ERW) steel pipes and structural tubes. Its recent financials highlight a solid business trajectory:

• 9M FY25: Revenue ₹1,018.81 crore; Net Profit ₹40.69 crore
• FY24: Revenue ₹1,289.38 crore; Net Profit ₹82.44 crore

Ahead of the listing, the company raised ₹161.25 crore from 19 anchor investors, reinforcing early institutional interest.

Strategic Listing Marks New Growth Chapter for Sambhv Steel Tubes

The company is now listed on both BSE and NSE. The IPO was managed by Nuvama Wealth Management and Motilal Oswal Investment Advisors, with Kfin Technologies serving as the registrar. Despite market swings on Day 1, Sambhv Steel Tubes closed in positive territory, signalling confidence in its fundamentals and potential within India’s growing infrastructure and construction sectors.

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