Latest news with #Sambhv
Business Upturn
14-07-2025
- Business
- Business Upturn
Sambhv Steel Tubes Q1 FY26 sales volume jumps 50% YoY to 92,706 tonnes on strong high-value product growth
By Aditya Bhagchandani Published on July 14, 2025, 17:48 IST Sambhv Steel Tubes Limited reported a robust 50% year-on-year growth in total sales volume for the first quarter of FY26, reaching 92,706 tonnes, compared to 61,908 tonnes in Q1 FY25. The company highlighted strong traction in high-value product categories, especially Pre-Galvanised (GP) Coils and Pipes and Stainless Steel Coils, underscoring its strategic focus on premium offerings. In the value-added products segment, sales stood at 79,717 tonnes in Q1 FY26, up from 54,267 tonnes in the same period last year. Notably, Pre-Galvanised (GP) Coils and Pipes contributed 19,984 tonnes, and Stainless Steel Coils contributed 9,439 tonnes, categories where no sales were reported in the corresponding quarter of FY25. Sales of Structural Pipes and Tubes (including ERW black pipes, GI pipes, and CRFH Pipes) were 50,294 tonnes, slightly lower than 54,267 tonnes in Q1 FY25. In the intermediate products category, volumes rose to 12,989 tonnes from 7,641 tonnes in Q1 FY25, marking a healthy growth of over 70%. The company continues to benefit from its backward integration, enabling it to produce a diversified range of steel pipes, tubes, and coils at competitive costs. Sambhv operates two manufacturing facilities in Chhattisgarh with a combined capacity of 350,000 MTPA ERW pipes and tubes, 100,000 MTPA GP pipes, and 58,000 MTPA stainless steel coils. Sambhv distributes its products through 43 distributors across 15 states and one union territory, reaching customers via a network of over 700 dealers. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
08-07-2025
- Business
- Mint
Niveshaay-Backed Sambhv Steel Tubes Makes Debut on Dalal Street
Sambhv Steel Tubes Ltd. marked a major milestone with its Main Board debut on 2nd July 2025, listing at ₹ 110. The ₹ 540 crore IPO received an overwhelming response, with 28.5× oversubscription across all investor categories.. Backed by Niveshaay a reputed Surat-based investment firm known for its early identification of high-potential growth companies. — Sambhv Steel Tubes has rapidly redefined industry benchmarks. From its state-of-the-art, backward-integrated facility in Raipur, strategically located in India's steel heartland, Sambhv has pioneered ERW pipe manufacturing through the secondary route, delivering exceptional cost efficiency and product quality comparable to primary steel players. Further setting itself apart, Sambhv's in-house production of narrow-width coils and its emergence as one of just three players in the stainless-steel segment highlight its technological edge and scalable, efficient operations. Reflecting on this milestone, Arvind Kothari of Niveshaay shared: 'We firmly believe that a simple and focused business approach holds immense potential for wealth creation — an opportunity often overlooked by the markets. What impressed us from the beginning was the promoters' unwavering commitment to scaling the business using internal accruals, and their focus on building a reliable brand. Their ambition to double capacity every three years and maintain higher ROCE than industry peers truly set them apart. At Niveshaay, our private market philosophy goes far beyond capital deployment. We back visionary entrepreneurs who dare to think differently and execute with discipline. We become true partners — offering strategic guidance, sectoral depth, and access to an entrepreneurial network that enables sustainable growth. Our journey with Sambhv Steel Tubes is a shining example of this approach in action- in 2023, we led a funding round in which the company raised ₹ 150 crores at a pre-money valuation of ₹ 750 crores. Similar investment stories include Kimbal Technologies, Sri Chakra Polyplast, and Waaree Energies — each reflecting our commitment to identifying promising founders early and empowering them to build long-term value. Speaking on this association, Vikas Goyal, MD & CEO of Sambhv Steel Tubes Ltd., said: 'Niveshaay has been more than just an investor — they've been a true strategic partner in our growth. Their data-driven insights and on-ground research gave us clarity not just about our business, but the entire industry landscape. From early IPO planning and capital mobilization to stakeholder connections and customer introductions, they've supported us at every step. With a long-term mindset and unwavering integrity, they've consistently acted like an extension of our deeply value this partnership and look forward to scaling new heights together.' As we continue to invest in private markets, our focus remains steadfast: to empower exceptional founders, help them build category-defining businesses, and deliver enduring value for all stakeholders. Sambhv's successful listing is not just a financial milestone — it is a testament to what becomes possible when bold leadership meets the right capital and long-term support. Making things 'Sambhav' — The Hedgehogs Way at Niveshaay. Note to the Reader: This article is part of Mint's promotional consumer connect initiative and is independently created by the brand. Mint assumes no editorial responsibility for the content.
Time of India
02-07-2025
- Business
- Time of India
Sambhv Steel Tubes IPO to list today. GMP signals healthy debut
Sambhv Steel Tubes is set to debut on the BSE and NSE on Wednesday amid early signs of healthy investor interest . The company's IPO, priced at Rs 82 per share, is commanding a GMP of Rs 14 on the eve of its listing, indicating a likely listing price of around Rs 96. This translates to a potential listing gain of over 17%. The Rs 540 crore public issue , comprising a fresh issue of Rs 440 crore and an offer for sale of Rs 100 crore, received robust demand during the bidding window from June 24 to 27. The IPO was subscribed across all investor categories, with particular strength seen in the institutional and high-net-worth segments. Market participants say the premium in the unofficial market reflects investor confidence in the company's business model and financial performance. Sambhv Steel is India's only single-location backward-integrated ERW pipe and steel tubes manufacturer, and operates out of Chhattisgarh. The company produces sponge iron, hot rolled coils, and galvanized pipes under one roof, giving it operational and cost advantages in a competitive sector. The company also benefits from proximity to major raw material sources, including coal and iron ore mines run by public sector undertakings, and services clients across 15 Indian states. Its widespread distribution network and diversified product portfolio have helped it post consistent revenue growth over the last three financial years. Live Events Analysts tracking the issue say Sambhv's integrated operations, rising infrastructure demand , and post-issue debt reduction strategy make the stock attractive in the medium to long term. The IPO raised Rs 161 crore from anchor investors ahead of the public offering, further bolstering sentiment. The allotment was finalized on June 30, and equity shares are expected to be credited to demat accounts ahead of the listing. Sambhv's listing performance will be closely watched as a barometer of investor appetite for midcap industrial plays amid broader market volatility. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
Economic Times
02-07-2025
- Business
- Economic Times
Sambhv Steel Tubes IPO to list today. GMP signals healthy debut
Sambhv Steel Tubes is set to debut on the BSE and NSE on Wednesday amid early signs of healthy investor interest. The company's IPO, priced at Rs 82 per share, is commanding a GMP of Rs 14 on the eve of its listing, indicating a likely listing price of around Rs 96. This translates to a potential listing gain of over 17%. ADVERTISEMENT The Rs 540 crore public issue, comprising a fresh issue of Rs 440 crore and an offer for sale of Rs 100 crore, received robust demand during the bidding window from June 24 to 27. The IPO was subscribed across all investor categories, with particular strength seen in the institutional and high-net-worth segments. Market participants say the premium in the unofficial market reflects investor confidence in the company's business model and financial performance. Sambhv Steel is India's only single-location backward-integrated ERW pipe and steel tubes manufacturer, and operates out of Chhattisgarh. The company produces sponge iron, hot rolled coils, and galvanized pipes under one roof, giving it operational and cost advantages in a competitive company also benefits from proximity to major raw material sources, including coal and iron ore mines run by public sector undertakings, and services clients across 15 Indian states. Its widespread distribution network and diversified product portfolio have helped it post consistent revenue growth over the last three financial years. Analysts tracking the issue say Sambhv's integrated operations, rising infrastructure demand, and post-issue debt reduction strategy make the stock attractive in the medium to long term. ADVERTISEMENT The IPO raised Rs 161 crore from anchor investors ahead of the public offering, further bolstering sentiment. The allotment was finalized on June 30, and equity shares are expected to be credited to demat accounts ahead of the listing performance will be closely watched as a barometer of investor appetite for midcap industrial plays amid broader market volatility. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
26-06-2025
- Business
- Economic Times
Sambhv Steel Tubes IPO subscribed 84% on Day 2; Check GMP and other details
The initial public offering (IPO) of Sambhv Steel Tubes was subscribed 84% as of the second day of bidding on Thursday. ADVERTISEMENT As of 11:03 am, the retail portion was subscribed 86%, non-institutional investors (NIIs) 1.11 times, while the qualified institutional buyer (QIB) category saw a 61% subscription. The employee quota was subscribed 75%. Investors can apply for a minimum lot size of 182 shares, requiring an investment of Rs 14,924 at the upper end of the price band. In the grey market, the shares were trading at a premium of Rs 9–10, indicating an estimated 11% upside over the issue price. Also Read: HDB Financial Services IPO: Should you subscribe? Here's what brokerages say The IPO consists of a fresh issue worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore. Proceeds will primarily be used to repay borrowings of up to Rs 390 crore and meet general corporate expenses. The listing is scheduled for July 2 on both the NSE and BSE. ADVERTISEMENT At the upper price band of Rs 82, SSTL is valued at a P/E ratio of 44.5x (FY25E annualised), which appears reasonably priced relative to its is strategically positioned to capitalize on India's infrastructure boom, driven by initiatives such as the Jal Jeevan Mission and Amrit Bharat a backward-integrated player with consistent financial growth, efficient strategic sourcing, and ongoing expansion plans, the company is well-poised for long-term value creation—supporting a 'Subscribe' recommendation for investors. ADVERTISEMENT Also Read: These 10 multibagger penny stocks surged 200-570% in last 1 year. Do you own any? BP wealth highlights Sambhv's cost-efficient, single-location integrated facility and rising market share. Ventura Securities too recommends 'Subscribe', noting the company's robust distributor-dealer network spanning 15 states and one union territory, and its expansion into stainless steel products which could push future margins higher. ADVERTISEMENT Sambhv's product portfolio includes black pipes, hollow sections, CRFH pipes, Corten steel pipes, GP pipes, GI pipes, and commencing operations in 2018, the company has integrated vertically—manufacturing sponge iron, blooms, slabs, and coils in-house. This structure offers insulation against input cost fluctuations and ensures supply-chain reliability. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
