Sambhv Steel Tubes Limited is an emerging powerhouse in India’s steel pipe manufacturing space, known for its high-quality ERW (Electric Resistance Welded) steel pipes and structural tubes.
🏭 The company operates from two strategically located plants in Raipur, Chhattisgarh — close to Asia’s largest coal mines and leading PSU iron ore mines. This gives Sambhv a strong supply-chain advantage and lower input costs.
🛠️ Over the years, Sambhv has evolved from a sponge iron maker into a fully backward-integrated manufacturer of value-added steel products — including:
- ERW Black Pipes
- GI & GP Pipes
- Cold Rolled Coils
- Steel Door Frames
- Stainless Steel Coils and Sheets
🌍 Presence Across India
As of March 2024, Sambhv has built a network of 39 distributors covering 15 states and 1 union territory, with a 23-member sales and marketing team driving growth.
🔩 Sectors Served: Real estate, infrastructure, water supply, agriculture, telecom, solar, and auto industries — showcasing its diverse customer base and product demand.
Sambhv Steel Tubes IPO – Details
| IPO Opening Date | 25 June 2025 |
| IPO Closing Date | 27 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 6,58,53,659 Shares Worth ₹540.00 Crore Fresh Issue: 5,36,58,537 Shares Worth ₹440.00 Crore Offer For Sale: 1,21,95,122 Shares Worth ₹100.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹77 – ₹82 per share |
| Market Lot | 182 Shares |
| Min Order | 182 Shares (1 Lot) |
| Employee Discount | ₹4 |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Sambhv Steel Tubes IPO – Date Schedule
| IPO Open Date | 25 June 2025 |
| IPO Close Date | 27 June 2025 |
| Basis of Allotment | 30 June 2025 |
| Initiation of Refund | 01 July 2025 |
| Credit of Shares to Demat Account | 01 July 2025 |
| IPO Listing Date | 02 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2025 |
Sambhv Steel Tubes IPO – Lots Size & Price
| Application | 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 |
Competitive Strength
- The only single location backwards integrated facility in India.
- Strategically located manufacturing plants resulting in operational efficiencies.
- Strong process innovation and execution capabilities allowing us to produce value-added products.
- Wide-spreadwell-connected distribution network across India.
- Well-positioned to take advantage of the growing demand for quality ERW steel pipes and tubes.
- Experienced Promoters and management team with vast experience in the steel industry.
- Track record of healthy financial performance.
Company Promoters
- Brijlal Goyal
- Suresh Kumar Goyal
- Vikas Kumar Goyal
- Sheetal Goyal
- Shashank Goyal
- Rohit Goyal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | ₹820.75 Cr | ₹724.08 Cr | ₹72.11 Cr | ₹241.29 Cr |
| 31 March 2023 | ₹939.00 Cr | ₹857.89 Cr | ₹60.38 Cr | ₹282.77 Cr |
| 31 March 2024 | ₹1,289.38 Cr | ₹1,178.61 Cr | ₹82.44 Cr | ₹346.88 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.42% |
| ROCE | 17.66% |
| Debt/Equity | 0.80 |
| RoNW | 25.42% |
| PAT Margin | 6.41% |
| Pre IPO | Post IPO | |
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| S.No. | Objects of the Issue | Expected Amount (Rs. in crores) |
|---|---|---|
| 1 | Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company; and | 390.00 |
| 2 | General corporate purposes. | To be finalized |
Sambhv Steel Tubes IPO Peer Comparison
| S. No. | Face Value | Company Name | P/E |
|---|---|---|---|
| 1 | 2 | APL Apollo Tubes Limited | 68.52 |
| 2 | 10 | Hariom Pipe Industries Limited | 21.15 |
| 3 | 1 | Hi-Tech Pipes Limited | 35.52 |
| 4 | 2 | JTL Industries Limited | 10.16 |
| 5 | 1 | Rama Steel Tubes Limited | 24.27 |
| 6 | 5 | Surya Roshni Limited | 10.98 |
Strengths
- Only backward-integrated ERW pipe manufacturer at single location in India with capabilities from iron ore to final steel tubes.
- Exclusive producer of narrow-width HR coils using DRI and induction furnaces, allowing reduced dependency on external coil suppliers.
- Operational efficiency and cost control due to end-to-end production integration—from sponge iron to finished tubes.
- Capability to manufacture stainless steel HRAP and CR coils through captive use of stainless steel slabs.
- Quick market response with in-house coil manufacturing tailored to custom thickness and dimensions.
- Widespread regional presence, with over 60% of sales from three key states and a network of 700+ distributors as of Dec 2024.
Risks
- High dependency on certain key customers and distributors, which could impact revenues if relationships falter.
- Exposure to volatile commodity prices, particularly iron ore and coal, affecting margins.
- Limited geographical diversification — although present in 15 states, major revenue comes from 3 states.
- Intense competition from larger players in the steel pipe segment such as APL Apollo and Surya Roshni.
- Environmental and regulatory compliance risks due to integrated steel manufacturing involving furnace operations.
Sambhv Steel Tubes IPO Promoter Holding
| Pre Issue Share Holding | 71.83% |
| Post Issue Share Holding | 56.06% |
Sambhv Steel Tubes IPO Prospectus
Company Contact Information
| Sambhv Steel Tubes Limited Office No. 501 to 511, Harshit Corporate, Amanaka Raipur, Chhattisgarh, 492001 Phone: +91 771 2222 360 Email: cs@sambhv.com Website: http://www.sambhv.com/ |
Sambhv Steel Tubes IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: sstl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Sambhv Steel Tubes IPO Lead Manager(s)
| 1. Motilal Oswal Investment Advisors Limited 2. Nuvama Wealth Management Limited |
Sambhv Steel Tubes IPO FAQs
| What is Sambhv Steel Tubes IPO? Sambhv Steel Tubes IPO is a main-board IPO. The issue is priced at ₹77 to ₹82 per equity share. The IPO is to be listed on BSE & NSE. |
| When Sambhv Steel Tubes IPO will open? The IPO is to open on 25 June 2025 for QIB, NII, and Retail Investors. |
| What is Sambhv Steel Tubes IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Sambhv Steel Tubes IPO? You can apply Sambhv Steel Tubes IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sambhv Steel Tubes IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sambhv Steel Tubes IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Sambhv Steel Tubes IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sambhv Steel Tubes IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sambhv Steel Tubes IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sambhv Steel Tubes IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Sambhv Steel Tubes IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Sambhv Steel Tubes IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Sambhv Steel Tubes IPO Size? Sambhv Steel Tubes IPO size is ₹540.00 Crore. |
| What is the Sambhv Steel Tubes IPO Price Band? Sambhv Steel Tubes IPO Price Band is ₹77 to ₹82. |
| What is Sambhv Steel Tubes IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 182 Shares with ₹14,924 while the maximum bid is 2,366 Shares with ₹1,94,012. |
| What is the Sambhv Steel Tubes IPO Allotment Date? Sambhv Steel Tubes IPO allotment date is 30 June 2025. |
| What is the Sambhv Steel Tubes IPO Listing Date? Sambhv Steel Tubes IPO listing date is 01 July 2025. The IPO is to be listed on BSE and NSE. |
