Sambhv Steel Tubes Opens at ₹110 with 34% Premium, Sustains Strong Demand Despite Post-Listing Dip

Mumbai, 2 July 2025: Sambhv Steel Tubes Limited made its stock market debut today with a sharp opening at ₹110 per share on both BSE and NSE, marking a 34.15% premium over its IPO price of ₹82. While the stock witnessed some profit-booking shortly after, it was still trading at ₹101.16—23.40% higher than its issue price, indicating resilient investor interest.

Sharp Opening Followed by Minor Dip Reflects Healthy Market Sentiment

The stock demonstrated strong initial momentum, opening at a premium and briefly touching a high of ₹111. Though it cooled slightly, investor demand remained solid, as shown below:

• Listing Price: ₹110.00
• Day’s High: ₹111.00
• Day’s Low: ₹101.00
• Last Traded Price: ₹101.16
• VWAP: ₹108.58
• Traded Volume: 149.02 lakh shares
• Traded Value: ₹161.61 crore
• Market Capitalisation: ₹2,988.56 crore
• Buy Quantity: 1.36 crore shares
• Sell Quantity: 21.86 lakh shares

The buy-side interest signals continuing investor confidence, even with the price settling below the listing peak.

Moderate Subscription Led by Non-Institutional and Retail Backing

Sambhv Steel Tubes’ ₹540 crore IPO saw a subscription of 1.76 times overall. The investor category-wise breakup reflects broad-based interest, with notable retail and HNI participation:

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

The public offering included a fresh issue of ₹440 crore and an Offer for Sale (OFS) of ₹100 crore. The company plans to use the proceeds to reduce debt and meet general corporate requirements.

Industrial Focus and Robust Financials Draw Investor Interest

Headquartered in Chhattisgarh, Sambhv Steel Tubes is a manufacturer of electric resistance welded (ERW) pipes and structural tubes. Its strong financial performance has been a key factor in attracting investor attention:

• 9M FY25: Revenue of ₹1,018.81 crore with net profit of ₹40.69 crore
• FY24: Revenue of ₹1,289.38 crore with net profit of ₹82.44 crore
• Post-Issue Market Capitalisation: Estimated to exceed ₹2,400 crore

Sambhv Steel Tubes IPO also attracted investment from well-known anchor investors, including Nomura, Citigroup, Societe Generale, Motilal Oswal Mutual Fund, and Nuvama.

Smooth Listing Managed by Top Institutions Boosts Investor Confidence

The company was listed on 2 July 2025, with shares now traded on both BSE and NSE. The issue was managed by Nuvama Wealth Management and Motilal Oswal Investment Advisors, with Kfin Technologies as the registrar. Sambhv Steel Tubes’ listing underscores the steady investor appetite for industrial companies with sound fundamentals and growth visibility, even in a selectively cautious IPO market.

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