Sambhv Steel Tubes IPO allotment status likely today: Here's how to check
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The allotment status for Sambhv Steel Tubes Rs 540 crore IPO is expected to be finalized today. The IPO, which was open from June 25 to June 27, drew robust investor interest, getting subscribed 30.33 times overall. The listing is expected on Wednesday.The IPO comprised a fresh issue of Rs 440 crore and an offer for sale of Rs 100 crore, with the shares priced at Rs 82 each.As per exchange data, the Qualified Institutional Buyer (QIB) segment was subscribed a massive 66.36 times, while Non-Institutional Investors (NII) subscribed 33.88 times, and the retail category received 8.56 times the allocated shares. The company also raised Rs 161.25 crore from anchor investors a day before the IPO opened.How to Check Sambhv Steel Tubes IPO allotment status : Investors can check their application status through the following two official methods:Via Registrar's Website (KFin Technologies):Go to: https://ris.kfintech.com/ipostatus/ Select "Sambhv Steel Tubes Limited" from the dropdownEnter one of the following: PAN / Application Number / DP Client IDClick "Search" to view your allotment statusVia BSE Website:Go to: https://www.bseindia.com/investors/appli_check.aspx Select "Equity" under issue typeSelect "Sambhv Steel Tubes Limited" from the dropdownEnter PAN and application numberClick "Search" to know your statusThe refunds for unallotted shares will be processed on July 1 and the shares will be credited to demat accounts on July 1. The Listing is scheduled on Wednesday, July 2, 2025Sambhv Steel Tubes, incorporated in 2017, manufactures ERW steel pipes and structural tubes from its backward-integrated facility in Chhattisgarh. It serves various infrastructure, construction, and industrial sectors across 15 Indian states and one union territory.Backed by strong fundamentals and a track record of steady financial performance, Sambhv reported a profit after tax of Rs 82.44 crore in FY24 and holds a market capitalisation of Rs 2,416 crore at the issue price.With strong subscription data and steady financials, investors will closely watch its debut on July 2.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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