Sambhv Steel Tubes IPO backed by Strong Fundamentals and Quality Growth Plans
Sambhv Steel Tubes to Launch ₹540 Crore IPO on June 25, Listing on BSE and NSE
- BILKULONLINE
- By Rafat Quadri
Ahmedabad, June 22: Sambhv Steel Tubes Limited, a leading manufacturer of ERW steel pipes and structural tubes, is set to open its ₹540 crore Initial Public Offering (IPO) on Wednesday, June 25, 2025. The bidding window will close on Friday, June 27, while the Anchor Book will open a day earlier, on June 24.
IPO Structure and Pricing Details
The IPO comprises a fresh issue of ₹440 crore and an Offer for Sale (OFS) worth ₹100 crore by existing shareholders. The price band has been set at ₹77 to ₹82 per equity share with a face value of ₹10 each. Investors can bid for a minimum of 182 equity shares and in multiples thereafter.
The OFS will see participation from:
- Shashank Goyal – ₹10 crore
- Rohit Goyal – ₹10 crore
- Kaushlya Goyal – ₹35 crore
- Harsheet Goyal – ₹10 crore
- Rinku Goyal – ₹35 crore
Eligible employees will receive a ₹4 discount per share under the Employee Reservation portion.
“We Aim to Strengthen Our Financial Foundation” – Vikas Goyal
Speaking at a media interaction in Ahmedabad, Vikas Goyal, Managing Director & CEO of Sambhv Steel Tubes, shared that the proceeds from the fresh issue will be primarily used to prepay or repay certain borrowings and for general corporate purposes.
He was joined by Suresh Goyal, Chairman & Executive Director; Mayank Agrawal, AVP Investor Relations; and Bikash Agrawal, Chief Strategy Officer. Ria Krishnan of Nuvama Investment Banking was also present at the event.
Backward Integrated Operations Driving Growth
Sambhv Steel Tubes is recognized for its fully backward integrated manufacturing operations, covering the entire value chain from raw materials to finished products. Its production capabilities include sponge iron, blooms/slabs, hot-rolled coils, ERW black pipes, and galvanized iron pipes.
“Our integrated setup gives us a strategic edge in quality control, cost efficiency, and delivery timelines,” added Bikash Agrawal, Chief Strategy Officer.
Offer Allocation and Listing Plans
The IPO will follow the Book Building Process under SEBI ICDR Regulations. The allocation is structured as follows:
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Qualified Institutional Buyers (QIBs): Up to 50% of the net offer (including up to 60% for Anchor Investors)
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Non-Institutional Investors (NIIs): Not less than 15%
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Retail Individual Investors: Not less than 35%
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Eligible Employees: Proportionate allocation within the reserved portion
All non-anchor investors are required to apply via the ASBA process, while Anchor Investors cannot use the ASBA facility.
The equity shares of Sambhv Steel Tubes Limited will be listed on both BSE and NSE. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are serving as the Book Running Lead Managers (BRLMs) for the IPO.
- Disclaimer: For complete IPO details, risk factors, and investment guidance, refer to the Red Herring Prospectus filed with SEBI and available at www.sebi.gov.in.
- (Rafat Quadri can be contacted at editorbilkul@gmail.com)
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