Sambhv Steel Tubes made a b entry into the stock market. The company's share was listed on the NSE on July 2nd at ₹110, which is ₹28 or 34.15% higher than its issue price of ₹82.
Sambhv Steel Tubes made a spectacular entry into the Indian stock market on July 2, 2025. The company's shares were listed on the NSE at ₹110 and on the BSE at ₹110.1. This is approximately 34 percent higher than its issue price of ₹82. This impressive listing surprised investors, as such a b listing was not expected even in the grey market.
Exceeded Expectations on Listing Day
During the IPO, Sambhv Steel Tubes shares were trading around ₹96 in the grey market. This meant a premium of approximately ₹14, or about 17 percent, over the issue price. However, as soon as the shares were listed on the stock market, they exceeded expectations.
The IPO Received a Tremendous Response
The company's ₹540 crore public issue closed on June 27th. The price band for this issue was fixed at ₹77 to ₹82 per share. A very positive environment was created in the market regarding this, which also reflected in the subscription.
The IPO received bids for over 1.40 crore shares, while only 4.92 crore shares were available in the offer. Thus, the issue was subscribed 28.46 times in total.
Investor Interest
- The Qualified Institutional Buyers (QIB) category saw a subscription of 62.32 times.
- The Non-Institutional Investors (NII) category received bids of 31.82 times.
- The retail investors' portion was also filled 7.99 times.
These figures show how b the investors' confidence in the company and its future was.
Where Will the Funds Be Used?
The company has stated in its red herring prospectus that out of the total ₹540 crore received from the issue, ₹390 crore will be used for the prepayment or scheduled repayment of some loans. The remaining funds will be kept for general corporate needs.
When Did the Allotment Happen?
The subscription for the Sambhv Steel Tubes IPO closed on June 27, and the share allotment process was completed on June 28. The listing took place on July 2, in which investors received more returns than expected.
What Does Sambhv Steel Tubes Company Do?
Sambhv Steel Tubes was established in the year 2017. The company is active in the manufacturing of Electric Resistance Welded (ERW) steel pipes and structural tubes. Its main manufacturing plant is located in Sarora, Chhattisgarh.
The company is one of the few companies in India that manufactures ERW steel tubes using narrow width HR coils. Apart from this, the company is also involved in the business of stainless steel coils.
Use of Products in Industries
The products made by the company are used in several major sectors, such as:
- Infrastructure
- Automobile
- Agriculture
- Energy
This gives an idea of the company's diversity and demand.
How was the Company's Sales?
As of December 31, 2024, the company's total annual sales were 1,98,956 metric tons. This figure shows that the company's production capacity is quite b and it has a b hold in the market.
IPO Management and Process
Some major financial institutions played the role of book running lead manager in this IPO of Sambhv Steel Tubes. There was tremendous interest among investors regarding the issue, especially at both the retail and institutional levels.
Market Discussion After Listing
After the listing, the name of Sambhv Steel Tubes has been making headlines in the market. There has been discussion among investors and analysts about how this IPO performed better than expected. The company's good financial condition, the demand for its products, and its use in the market are considered major reasons behind this.
