Latest news with #SambhvSteel
Business Upturn
15-07-2025
- Business
- Business Upturn
Sambhv Steel Tubes shares surge 5% after Q1 sales volume jumps 50% YoY to 92,706 tonnes
Sambhv Steel Tubes shares rose 5% after the company posted a strong 50% year-on-year growth in total sales volume for Q1 FY26, reaching 92,706 tonnes versus 61,908 tonnes in Q1 FY25. As of 9:54 AM, the shares were trading 5.21% higher at Rs 123.70. This sharp rise reflects strong demand in value-added segments, especially Pre-Galvanised (GP) Coils and Pipes and Stainless Steel Coils, where volumes touched 19,984 tonnes and 9,439 tonnes, respectively—both categories had no sales in Q1 FY25. Sales of value-added products rose to 79,717 tonnes from 54,267 tonnes, while intermediate products volumes surged 70% YoY to 12,989 tonnes. However, structural pipes and tubes sales dipped slightly to 50,294 tonnes. The company continues to leverage its backward-integrated manufacturing setup, operating two facilities in Chhattisgarh with a total capacity of over 500,000 MTPA across ERW, GP, and stainless steel products. With a distribution network spanning 15 states and 1 union territory through 43 distributors and over 700 dealers, Sambhv Steel is steadily strengthening its pan-India presence. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. 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
15-07-2025
- 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.
Mint
03-07-2025
- Business
- Mint
Sambhv Steel Tubes share price extends post-listing gain for second straight session; rises 26% against issue price
Sambhv Steel Tubes share price increased by more than 6% during Thursday's trading session, continuing its rise after a strong market debut on Wednesday. Today, Sambhv Steel Tubes shares opened at an intraday low of ₹ 99.02 on the BSE, reaching an intraday high of ₹ 103.90 per share. The stock debuted in the market at ₹ 110.10, reflecting a 34.26% increase from the issue price on the BSE. Throughout the day, it surged by 35.23% to reach ₹ 110.89. The firm's shares closed at ₹ 97.58 each, which is a gain of 19%. On the NSE, the stock opened at ₹ 110, marking a rise of 34.14%. The firm's shares finished at ₹ 97.59 each, representing a 19% premium. The company's market capitalization was valued at ₹ 2,875.40 crore. The initial public offering (IPO) of Sambhv Steel, valued at ₹ 540 crore, was oversubscribed 28.46 times by the end of the bidding last Friday. The price range for the IPO was set between ₹ 77 and ₹ 82 per share. Sambhv Steel stands out as a major producer of electric resistance welded (ERW) steel pipes and hollow structural tubes in India.
Deccan Herald
02-07-2025
- Business
- Deccan Herald
Sambhv Steel Tubes shares jump over 34 pc in market debut trade
New Delhi, Shares of Sambhv Steel Tubes Ltd got listed with a premium of over 34 per cent against the issue price of Rs 82 on stock made its market debut at Rs 110.10, a jump of 34.26 per cent against the issue price on the BSE. It further zoomed 35.23 per cent to Rs the NSE, the stock listed at Rs 110, up 34.14 per company's market valuation stood at Rs 2,966.75 Rs 540-crore initial public offer of Sambhv Steel got subscribed 28.46 times on the closing day of bidding on Friday last price band for the initial public offer (IPO) was Rs 77-82 per IPO was a mix of fresh issue of equity shares valued at Rs 440 crore and an offer-for-sale (OFS) of shares worth Rs 100 crore by from the fresh issue will be utilised for payment of debt and general corporate Steel is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India.
Time of India
02-07-2025
- Business
- Time of India
Sambhv Steel shares plunge 13% from listing price as investors scurry for listing gains
Shares of Sambhv Steel Tubes dropped nearly 13% below the listing price of Rs 110 on the NSE, hitting a low of Rs 96.25, as investors rushed to book listing gains. The stock made its market debut at a 34% premium over the issue price earlier in the day. The smallcap counter, with a market capitalisation of Rs 2,926.09 crore, saw high investor participation. Around 2 p.m., nearly 4.9 crore shares changed hands, for a total traded value of Rs 500 crore. Sambhv Steel Tubes, which had priced the issue at Rs 82 per share at the upper band, hit the day's high at Rs 111 before making a U-turn. On the BSE, the stock listed at Rs 110 and touched a high of Rs 110.89, before slipping to a low of Rs 96.17. 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. Sambhv Steel is India's only single-location, backwards-integrated ERW pipe and steel tubes manufacturer, and operates out of Chhattisgarh. The company produces sponge iron, hot rolled coils, and galvanised 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. 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 finalised on June 30, and equity shares are expected to be credited to demat accounts ahead of the listing. Brokerage SBI Securities has recommended a 'Subscribe' rating with a long-term horizon.
