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Business Standard
4 hours ago
- Business
- Business Standard
Sambhv Steel Tubes shares surge 7% on Q1 business update; details here
Shares of Sambhv Steel Tubes Ltd. rose over 7 per cent on Tuesday after it reported its sales volume growth for the first quarter of the financial year 2026 (Q1-FY26). The iron and steel products manufacturer's stock rose as much as 7.03 per cent during the day to ₹125.8 per share. The stock pared gains to trade 4.7 per cent higher at ₹123.1 apiece, compared to a 0.25 per cent advance in Nifty 50 as of 10:33 AM. Shares of the company listed on the stock exchange on July 2 and currently trade at 0.8 times the average 30-day trading volume, according to Bloomberg. The counter has risen by over 45 per cent from its issue price of 82 per share. Sambhv Steel has a total market capitalisation of ₹3,630.35 crore. Sambhv Steel Tubes Q1 business update In Q1 FY26, sales of Pre-Galvanised (GP) Coils and Pipes stood at 19,984 tonnes, while Stainless Steel Coils contributed 9,439 tonnes. No sales figures of these product categories were reported in Q1 FY25. Structural Pipes and Tubes, part of the company's core value-added offerings, recorded a volume of 50,294 tonnes in the quarter, compared to 54,267 tonnes in the year-ago period. Overall, value-added product volumes rose to 79,717 tonnes in Q1 FY26 from 54,267 tonnes in Q1 FY25. Intermediate products also saw healthy traction, with volumes rising to 12,989 tonnes in Q1 FY26 from 7,641 tonnes in Q1 FY25, a 70 per cent increase. This brought the company's total sales volume to 92,706 tonnes in Q1 FY26, up 50 per cent from 61,908 tonnes in the same quarter last year. For the full year FY25, Sambhv Steel had reported total sales volumes of 290,581 tonnes, up from 223,262 tonnes in FY24. In the quarter ended March 2025, the company's revenue fell by 67.2 per cent to ₹495.2 crore, compared to ₹1,511.3 crore in the same period last year. Net profit dropped 71 per cent to ₹16.5 crore, from ₹57.2 crore a year ago. Sambhv Steel Tubes IPO Overview The ₹540 crore public offering of Sambhv Steel Tubes, offered at a price band of ₹77 to ₹82, received total bids for 1,40,02,52,308 shares against the 4,92,06,100 shares offered. This led to an oversubscription of 28.46 times by the end of the subscription period, according to data available on the NSE. Incorporated in 2017, Sambhv Steel Tubes manufactures Electric Resistance Welded (ERW) steel pipes and structural tubes. Sambhv also operates in the stainless steel coils space, serving diverse sectors like infrastructure, agriculture, automotive, and energy.
Business Standard
5 days ago
- Business
- Business Standard
JTL Industries commissions new ERW pipe manufacturing
JTL Industries announced a significant capacity expansion initiative with the planned commissioning of a new Electric Resistance Welded (ERW) pipe manufacturing line, specifically targeted to serve the ASTM/API-grade pipe market. The new line will enable JTL to manufacture pipes in the following specifications: h - Round pipes: 6 to 20 (168 mm OD to 508 mm OD) h - Square sections: 130 mm x 130 mm to 400 mm x 400 mm h - Rectangular sections: 100 mm x 160 mm to 300 mm x 500 mm h - Thickness range: 4 mm to 16 mm This facility will add a substantial annual capacity of 3,00,000 MTPA, strengthening JTLs position in the value-added and high-strength steel pipe segments. The new line is scheduled to be fully installed and operational within 12 months.
Business Standard
5 days ago
- Business
- Business Standard
JTL Inds jumps on expansion plan
JTL Industries rose 3.41% to Rs 83.62 after the company announced expansion plan aimed at strengthening its position in the high-margin, high-strength steel pipe market. The company will set up a new Electric Resistance Welded (ERW) pipe manufacturing line with an annual capacity of 3 lakh metric tonnes, specifically targeting the ASTM/API-grade pipe segment. In its filing, JTL said the new facility will help unlock margins exceeding Rs 7,000 per tonne and enable the production of over 500 unique product variants (SKUs). The line will allow the company to manufacture round pipes ranging from 6 to 20 inches, square sections from 130x130 mm to 400x400 mm, and rectangular sections from 100x160 mm to 300x500 mm. It will also support thicknesses between 4 mm and 16 mm. The plant is expected to be operational within the next 12 months and is seen as a key step in JTL's strategy to scale its presence in the value-added segment. With this expansion, the company aims to meet rising demand from industries such as oil & gas, water transmission, and city gas distribution (CGD), which require high-performance piping solutions. The management of JTL Industries stated: "This strategic investment reflects our commitment to diversifying our product portfolio and expanding our footprint in high-grade segments such as oil & gas, water transmission, and city gas distribution (CGD)markets that typically yield superior EBITDA margins of ₹7,000 to ₹8,000 per metric tonne, making this expansion significantly value-accretive. Our entry into higher-thickness, API-compliant products is a natural evolution as we scale both our technical depth and strategic reach. With this development, JTL will become one of the very few manufacturers in India with the capability to produce large-diameter, high-thickness API-grade ERW pipesplacing us in an exclusive league of technically advanced players. The new line will enable us to offer over 500 SKUs, vastly improving our ability to meet complex and customised infrastructure requirements across industries. Backed by a deeply entrenched distribution network and a proven execution track record, we are confident of scaling this segment efficiently upon commissioning. This move firmly positions JTL as a credible, future-ready force in the API-grade pipe market, both domestically and in select global geographies." JTL Industries currently specializes in ERW black pipes, pre-galvanised and galvanised steel tubes, large-diameter pipes, and hollow structural sections.
Business Upturn
5 days ago
- Business
- Business Upturn
JTL Industries to add 3 lakh MTPA capacity with new ERW pipe manufacturing line
JTL Industries has announced a major expansion plan with the commissioning of a new Electric Resistance Welded (ERW) pipe manufacturing line. This new facility is specifically designed to cater to the ASTM/API-grade pipe market, further strengthening JTL's position in the high-strength and value-added steel pipe segments. The new ERW line will enable the production of a wide range of pipes, including: Round pipes ranging from 6' to 20' (168 mm to 508 mm OD) Square sections from 130 mm x 130 mm to 400 mm x 400 mm Rectangular sections from 100 mm x 160 mm to 300 mm x 500 mm Thickness range between 4 mm and 16 mm This expansion will boost JTL's manufacturing capacity by 3,00,000 metric tonnes per annum (MTPA). The company expects the line to be fully installed and operational within the next 12 months, marking a key milestone in its growth strategy to meet rising demand in both domestic and international steel pipe markets. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
30-06-2025
- Business
- Business Standard
Sambhv Steel IPO booked 28x: Check allotment status, GMP, listing date
Sambhv Steel IPO allotment today: The basis of allotment for the shares of Chhattisgarh-based steel manufacturer Sambhv Steel Tubes' initial public offering (IPO) is expected to be finalised today, June 30, 2025. The IPO, which closed for public subscription on Friday, June 27, received a solid response from investors, with the offer being oversubscribed by 28.46 times, as per NSE data. The demand was led by qualified institutional buyers (QIBs) who subscribed to the reserved portion 62.32 times, followed by non-institutional investors' (NIIs) quota at 31.82 times, and retail investors' quota was booked 7.99 times. The employees' quota was booked 5.34 times. Here's how to check the Sambhv Steel Tubes IPO allotment status online: After the share allotment for the Sambhv Steel IPO is finalised, investors will be able to check their allotment status through the official websites of the stock exchanges, BSE and NSE, or via Kfin Technologies, the designated registrar for the issue. Additionally, investors can check their allotment status online using the direct links provided below: Sambhv Steel Tubes IPO grey market premium (GMP) According to sources tracking unofficial market activities, the unlisted shares of Sambhv Steel were seen trading at ₹96 per share, commanding a grey market premium of ₹14 or 17 per cent compared to the upper-end price of ₹82. Sambhv Steel Tubes IPO details The mainline offering, valued at around ₹540 crore, comprises a combination of a fresh issue of 53.7 million equity shares aggregating to ₹440 crore and an offer for sale (OFS) of 12.2 million equity shares aggregating to ₹100 crore. Sambhv Steel IPO was open for subscription from Wednesday, June 25, to Friday, June 27. The public issue was priced in the range of ₹77-82 per share, with a lot size of 182 shares. Nuvama Wealth Management and Motilal Oswal Investment Advisors are the book-running lead managers. According to the red herring prospectus (RHP), the company plans to utilise ₹390 crore from the net fresh issue proceeds for prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the company. The remaining funds will be used for general corporate purposes. About Sambhv Steel Tubes Incorporated in 2017, Sambhv Steel Tubes manufactures Electric Resistance Welded (ERW) steel pipes and structural tubes. With a facility in Sarora, Chhattisgarh, the company ranks among the top in installed capacity and is one of only two Indian firms using narrow-width HR coils for ERW production. Sambhv also operates in the stainless steel coils space, serving diverse sectors like infrastructure, agriculture, automotive, and energy. Its annual sales volume stood at 198,956 metric tonnes as of December 31, 2024.
