Sambhv Steel Tubes Lists at a Premium of 34% – Here’s All You Need to Know
Sambhv Steel Tubes Ltd made an impressive stock market debut by listing at a 34% premium over its issue price of ₹82. The stock opened at ₹110 on the NSE and ₹110.10 on the BSE, beating grey market expectations and signaling strong investor confidence.
Key Listing Highlights
IPO Price: ₹82 per share
Listing Price: ₹110 (NSE), ₹110.10 (BSE)
Premium: ~34% over issue price
Market Cap on Listing: ₹2,920–2,930 crore
Intraday High: ₹111
Closing Price: ₹99–99.50 (still ~21% above issue price)
IPO Subscription Details
Sambhv Steel Tubes’ IPO received robust demand from all categories:
Qualified Institutional Buyers (QIBs): 62.32×
Non-Institutional Investors (NIIs): 31.82×
Retail Investors: ~8×
Overall Subscription: ~28.46×
Company Overview: Sambhv Steel Tubes Ltd
Founded: 2017
Headquarters: Raipur, Chhattisgarh
Industry: Steel pipes, ERW tubes, and coils
Key Product: Electric Resistance Welded (ERW) steel tubes
Revenue (FY24): ₹1,286 crore (↑37% YoY)
Net Profit: ₹82 crore
Net Worth: ₹438 crore
Borrowings: ₹619 crore
Use of IPO Proceeds
Debt Repayment: ₹390 crore
General Corporate Purposes: Remaining funds
Why the Listing Was a Success
The listing success of Sambhv Steel Tubes can be attributed to:
Strong Fundamentals: Rapid revenue growth and profitability
High Institutional Interest: Anchor investors included Citigroup, WhiteOak, Motilal Oswal, and Nuvama
Oversubscription: Particularly by QIBs, showing institutional confidence
Positive Market Sentiment: Steel sector demand outlook remains strong
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FAQs: Sambhv Steel Tubes IPO Listing
Q1. What was the Sambhv Steel Tubes IPO price?
The IPO was priced at ₹82 per equity share.
Q2. At what price did Sambhv Steel Tubes list?
The stock listed at ₹110 on NSE and ₹110.10 on BSE, a premium of approximately 34%.
Q3. What is the market cap of Sambhv Steel Tubes after listing?
The market capitalization stood around ₹2,930 crore post-listing.
Q4. What does Sambhv Steel Tubes manufacture?
The company manufactures ERW steel pipes, structural tubes, and stainless steel coils.
Q5. How will the IPO funds be used?
₹390 crore will be used to repay existing debt. The rest will go toward general corporate purposes.
Q6. Why was the IPO so heavily subscribed?
Strong fundamentals, good financials, and high institutional interest made it attractive.
Q7. Is this premium sustainable in the short term?
The stock closed lower than its listing price but remained above the IPO price, suggesting cautious optimism. Future performance will depend on sector trends and earnings.
Published on: July 2, 2025
Uploaded by: PAVAN
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