Sambhv Steel Tubes Shares Debut on Exchanges Today; IPO Price Fixed at ₹82

Mumbai, July 2, 2025 — Shares of Sambhv Steel Tubes are set to debut on the BSE and NSE today. The company has fixed the issue price of its initial public offering (IPO) at ₹82 per share.

IPO Receives Strong Subscription

The ₹540-crore IPO was subscribed 28.46 times, reflecting strong investor demand across categories:

• Qualified Institutional Buyers (QIBs): 62.32 times
• Non-Institutional Investors (NIIs): 31.82 times
• Retail Investors: 7.99 times
• Employees: 5.34 times

The IPO included a fresh issue of ₹440 crore and an offer-for-sale (OFS) of ₹100 crore by the promoters. The price band was ₹77–₹82 per share.

₹161.25 Crore Raised from Anchor Investors

Sambhv Steel Tubes raised ₹161.25 crore from anchor investors ahead of the IPO. Participants in the anchor round included:

• WhiteOak Capital MF
• Motilal Oswal MF
• Nuvama Asset Management
• Astorne Capital VCC Arven
• Citigroup Global Markets Mauritius
• Nomura Singapore
• Societe Generale
• BNP Paribas Financial Markets

Proceeds and Business Overview

The company intends to use the net proceeds from the fresh issue for debt repayment and general corporate purposes. Sambhv Steel Tubes is a manufacturer of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India, based on installed capacity as of March 31, 2024.

According to a Crisil report, the domestic demand for steel pipes and tubes is expected to grow from 12.50–13.50 million tonnes in FY25 to 18.50–20.50 million tonnes by FY29, at a CAGR of 8–9%, driven by government infrastructure projects and investments in the oil and gas sector.

Lead Managers

Nuvama Wealth Management and Motilal Oswal Investment Advisors are the book-running lead managers to the issue.

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