Sambhv Steel Tubes Limited IPO
Sambhv Steel Tubes Limited IPO
Price Band
₹77 - ₹82
Total Issue
₹540.00 Cr
Bid Dates
25 Jun - 27 Jun
Subscription
28.46x
Est. GMP
₹13 (15.85%)
Tentative Timetable
Business Overview
According to the CRISIL Report, the company is among the leading manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections) in India by installed capacity as of March 31, 2024. It is one of only two players producing ERW pipes using narrow-width HR coils (as of December 31, 2024). With backward integration, it manufactures a wide range of products including ERW black pipes, GP pipes, GI pipes, CRFH pipes, and steel door frames. These rust-resistant products serve sectors such as housing, infrastructure, water, agriculture, telecom, oil & gas, and solar. The company has a robust distribution network across 15 states and one union territory.
Lot Info
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 182 | ₹14,924 |
| Retail (Max) | 13 | 2,366 | ₹1,94,012 |
| S-HNI (Min) | 14 | 2,548 | ₹2,08,936 |
| S-HNI (Max) | 67 | 12,194 | ₹9,99,908 |
| B-HNI (Min) | 68 | 12,376 | ₹10,14,832 |
Category Reservation
Issue Size
Objects of Issue
- Pre-payment of a portion of certain outstanding borrowings availed by our Company
- General corporate purposes
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 01 Jul | ₹13 (15.9%) | ₹95 |
| 30 Jun | ₹13 (15.9%) | ₹95 |
| 27 Jun | ₹11 (13.4%) | ₹93 |
| 26 Jun | ₹9 (11%) | ₹91 |
| 25 Jun | ₹9 (11%) | ₹91 |
| 24 Jun | ₹7 (8.5%) | ₹89 |
| 23 Jun | ₹8 (9.8%) | ₹90 |
| 22 Jun | ₹8 (9.8%) | ₹90 |
| 20 Jun | ₹9 (11%) | ₹91 |
Sambhv Steel Tubes IPO Peer Comparison
(Rs. in crores)
| Particulars | Sambhv Steel Tubes | APL Apollo Tubes | Hariom Pipes Industries | Hi-Tech Pipes | JTL Industries | Rama Steel Tubes | Surya Roshni |
|---|---|---|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 1,285.76 | 18,118.80 | 1,153.19 | 2,699.29 | 2,040.23 | 1,046.51 | 7,809.27 |
| PAT (In Crs.) | 82.44 | 732.44 | 56.80 | 43.93 | 113.01 | 30.00 | 329.16 |
| EPS - Basic | 3.79 | 26.40 | 20.34 | 3.25 | 6.63 | 0.50 | 30.51 |
| NAV per share | 18.19 | 129.60 | 160.50 | 38.20 | 43.72 | 2.14 | 187.63 |
| RONW | 25.42% | 22.21% | 13.56% | 8.90% | 19.15% | 10.40% | 17.41% |
| EBITDA | 12.43% | 6.58% | 12.02% | 4.26% | 7.46% | 5.74% | 7.33% |
| PAT Margin | 6.41% | 4.04% | 4.93% | 1.63% | 5.54% | 2.87% | 4.21% |
| Price to earning (PE) | 21.64 | 68.52 | 21.15 | 35.52 | 10.16 | 24.27 | 10.98 |
| Debt to Equity | 0.80 | 0.32 | 0.80 | 0.63 | 0.03 | 0.43 | 0.01 |
- All information pertains to FY 2023-24.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 2, 2025 for Peers
Financial Performance
(Rs. in crores)
| Particulars | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 1,016.09 | 1,285.76 | 937.22 | 819.35 |
| Profit after Tax | 40.69 | 82.44 | 60.38 | 72.11 |
| Net Worth | 478.46 | 438.28 | 210.40 | 149.30 |
| Total Borrowing | 619.15 | 346.88 | 282.77 | 241.29 |
| Total Assets | 1,411.82 | 940.13 | 552.14 | 458.51 |
| NAV per share (in ₹) | 19.85 | 18.19 | 10.47 | 7.43 |
| EPS - Basic (in ₹) | 1.69 | 3.79 | 3.01 | 3.59 |
KPIs
EBITDA
12.43%
PAT
6.41%
ROE
25.42%
ROCE
17.66%
Debt to Equity
0.80
PE Ratio
21.64
PB Ratio
4.51
Mkt Cap (in Crs.)
2,020.22
- All the data pertains to FY 2023-24.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Shareholding
Promoter
71.93%
Public
28.07%
Management
Subscription Status
Updated as on 27-Jun-2025 19:00:00
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 66.36 | 1,31,09,757 | 86,99,84,024 |
| NII | 33.89 | 98,32,317 | 33,31,74,478 |
| bHNI | 35.82 | 65,54,878 | 23,48,23,862 |
| sHNI | 30.01 | 32,77,439 | 9,83,50,616 |
| Retail | 8.51 | 2,29,42,073 | 19,52,63,978 |
| Employee | 5.71 | 3,20,513 | 18,29,828 |
| Total | 30.31 | 4,62,04,660 | 1,40,02,52,308 |
Frequently Asked Questions
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How to apply Sambhv Steel Tubes IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Sambhv Steel Tubes IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Sambhv Steel Tubes IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Sambhv Steel Tubes IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
