Latest news with #SambhvSteelTubes
Mint
2 days ago
- Business
- Mint
HDB Financial Services, Sambhv Steel Tubes shares trade volatile as IPO lock-in period ends
HDB Financial Services share price surged by 7% in Wednesday's trading session, as the lock-in period for specific shareholders concludes today, releasing approximately 23 million shares of the company for trading. This accounts for about 3% of the company's overall equity. Conversely, shares of Sambhv Steel Tubes fell by nearly 6% due to the release of around 10 million shares, which also represents about 3% of the firm's total equity. As per the company's red herring prospectus (RHP), half of the equity shares assigned to anchor investors within the anchor investor portion will be subject to a lock-in period of 90 days starting from the date of allotment, while the other half of the equity shares allocated to anchor investors in the same portion will be locked in for a period of 30 days from the date of allotment. Experts state that lock-in periods are restrictions set over a specific duration that prevent certain shareholders, typically promoters, pre-IPO investors, or employees, from selling their shares after the company goes public. This regulatory measure is designed to stop major stakeholders from unloading their shares immediately following the listing, thereby contributing to stability during the initial trading days. Historically, the expiration of lock-in periods tends to attract the interest of investors, as the rise in freely tradable shares can influence the liquidity of the stock. Although the actual impact can differ based on overall market sentiment and factors unique to the company, such occurrences are monitored closely by market participants, particularly in the first few months of a newly listed company's trading period. Earlier this month, HDB Financial Services announced a slight decrease in net profit for the first quarter of FY26, reporting a profit after tax of ₹ 568 crore. This reflects a 2% drop from ₹ 582 crore during the same quarter last year. Nevertheless, the bank achieved a strong operational performance, with net interest income (NII) climbing 18% year-on-year (YoY) to ₹ 2,092 crore, supported by robust growth in advances and a general rise in interest-earning assets. In the first quarter of FY26, Sambhv Steel Tubes' net profit rose by 34.89% year-over-year, amounting to Rs. 33.40 crore compared to Rs. 24.76 crore in the same quarter last year. Compared to the fourth quarter of FY25, the net profit jumped by 102.92%, up from Rs. 16.46 crore. The company's revenue from operations increased by 68.89% year-over-year, rising from ₹ 330.77 crore in Q1 FY25 to ₹ 558.63 crore in Q1 FY26, and saw a growth of 12.80% quarter-over-quarter from ₹ 495.26 crore in Q4 FY25. Additionally, the company's EBITDA grew by 58.04%, climbing from Rs. 46 crore in Q1 FY25 to ₹ 72.7 crore in Q1 FY26.
Business Standard
25-07-2025
- Business
- Business Standard
Sambhv Steel Tubes standalone net profit rises 34.89% in the June 2025 quarter
Sales rise 68.88% to Rs 558.63 croreNet profit of Sambhv Steel Tubes rose 34.89% to Rs 33.40 crore in the quarter ended June 2025 as against Rs 24.76 crore during the previous quarter ended June 2024. Sales rose 68.88% to Rs 558.63 crore in the quarter ended June 2025 as against Rs 330.78 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 69 OPM %13.0213.89 -PBDT57.0438.67 48 PBT45.0432.71 38 NP33.4024.76 35 Powered by Capital Market - Live News
Economic Times
24-07-2025
- Business
- Economic Times
Is the IPO market the new gold? 2025 listings outshine Nifty with 4X returns
In a year marked by cautious sentiment in secondary markets, India's IPO market has emerged as a surprising outperformer. While benchmark indices like the Nifty and Sensex have delivered modest returns of 6.2% and 5.3% respectively in 2025, fresh listings have raced ahead, offering investors a much-needed alternative. ADVERTISEMENT So far in 2025, 30 mainboard IPOs have listed, and 27 of them are trading above their issue price. The average return stands at 25%, nearly four times the Nifty's gain. While gold remains the top-performing asset class with a 31% year-to-date rise, IPOs have come a close second—outshining broader equity markets by a wide margin. Among the standout performers, Prostarm Info Systems has gained over 112%. Quality Power Electrical has more than doubled, delivering a 104.7% return since its February listing. Other notable gainers include Sambhv Steel Tubes (70.4%), Quadrant Future Tek (63.5%), Belrise Industries (45.2%), and Scoda Tubes (43.8%).At the same time, companies like Ellenbarrie Industrial Gases, Crizac, Anthem Biosciences, and Stallion India Fluorochemicals have delivered gains between 30–40%, despite broader market only three stocks, Indo Farm Equipment (-2.2%), Capital Infra Trust (-17.7%), and Arisinfra Solutions (-34.3%), have slipped below their issue prices. ADVERTISEMENT While foreign portfolio investors (FPIs) have been net sellers in the secondary market this year, their activity in the primary market paints a different picture. ADVERTISEMENT According to Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, FPIs tend to exit the secondary market when valuations are high but continue to participate in IPOs and QIPs where valuations are perceived as more reasonable.'For 2025 up to July 19, total FPI sell figure stood at Rs 1.10 lakh crore, while buying through the primary market stood at Rs 27,239 crore,' Vijayakumar added. ADVERTISEMENT Analysts say the strong IPO run is being driven by a mix of healthy retail participation, attractive pricing, and sectoral diversity. This year's offerings span a range of sectors—from EVs and clean tech to pharma and industrials—broadening investor factor is valuation. With stretched prices in the secondary market, investors are looking to IPOs for better entry points. Many recent IPOs saw overwhelming demand, with overall subscriptions often crossing 50x, and in some cases, going beyond 100x. ADVERTISEMENT Also read: Brigade Hotel Ventures' Rs 760 crore IPO opens: Should you subscribe or skip? While not every IPO has delivered blockbuster gains, the trend signals a meaningful shift in investor appetite. As long as secondary valuations remain elevated and new companies continue to price their offerings well, the momentum in the primary market is unlikely to fade. (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
24-07-2025
- Business
- Economic Times
Is the IPO market the new gold? Fresh listings deliver 4X Nifty returns
Analysts say the strong IPO run is being driven by a mix of healthy retail participation, attractive pricing, and sectoral diversity. Despite muted returns in broader markets, India's IPO space has outperformed in 2025, with 27 of 30 listings trading above issue price and delivering average gains of 25%. Strong retail demand, sectoral variety, and attractive valuations are driving momentum in the primary market. Tired of too many ads? Remove Ads 27 Out of 30 IPOs in Profit Winners of the 2025 IPO Debuts Tired of too many ads? Remove Ads FPI Interest Remains in Primary Market What's Driving the IPO Momentum? In a year marked by cautious sentiment in secondary markets, India's IPO market has emerged as a surprising outperformer. While benchmark indices like the Nifty and Sensex have delivered modest returns of 6.2% and 5.3% respectively in 2025, fresh listings have raced ahead, offering investors a much-needed far in 2025, 30 mainboard IPOs have listed, and 27 of them are trading above their issue price. The average return stands at 25%, nearly four times the Nifty's gain. While gold remains the top-performing asset class with a 31% year-to-date rise, IPOs have come a close second—outshining broader equity markets by a wide the standout performers, Prostarm Info Systems has gained over 112%. Quality Power Electrical has more than doubled, delivering a 104.7% return since its February listing. Other notable gainers include Sambhv Steel Tubes (70.4%), Quadrant Future Tek (63.5%), Belrise Industries (45.2%), and Scoda Tubes (43.8%).At the same time, companies like Ellenbarrie Industrial Gases, Crizac, Anthem Biosciences, and Stallion India Fluorochemicals have delivered gains between 30–40%, despite broader market only three stocks, Indo Farm Equipment (-2.2%), Capital Infra Trust (-17.7%), and Arisinfra Solutions (-34.3%), have slipped below their issue foreign portfolio investors (FPIs) have been net sellers in the secondary market this year, their activity in the primary market paints a different to Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services , FPIs tend to exit the secondary market when valuations are high but continue to participate in IPOs and QIPs where valuations are perceived as more reasonable.'For 2025 up to July 19, total FPI sell figure stood at Rs 1.10 lakh crore, while buying through the primary market stood at Rs 27,239 crore,' Vijayakumar say the strong IPO run is being driven by a mix of healthy retail participation, attractive pricing, and sectoral diversity. This year's offerings span a range of sectors—from EVs and clean tech to pharma and industrials—broadening investor factor is valuation. With stretched prices in the secondary market, investors are looking to IPOs for better entry points. Many recent IPOs saw overwhelming demand, with overall subscriptions often crossing 50x, and in some cases, going beyond not every IPO has delivered blockbuster gains, the trend signals a meaningful shift in investor appetite. As long as secondary valuations remain elevated and new companies continue to price their offerings well, the momentum in the primary market is unlikely to fade.: 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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Business Standard
22-07-2025
- Business
- Business Standard
Recently listed stock is up 82% vs issue price in 3 weeks; time to sell?
Sambhv Steel Tubes share price today: Shares of Sambhv Steel Tubes have surged 16 per cent to ₹149, its highest level since listing, on the BSE in Tuesday's intra-day trade amid heavy volumes. The stock of iron & steel products company has zoomed 82 per cent against the issue price of ₹82 per cent. Sambhv Steel Tubes made its market debut on July 2, 2025. At 01:07 PM, the stock was quoting 9 per cent higher at ₹140.56, as compared to 0.08 per cent rise in the BSE Sensex. A combined 53.04 million equity shares have changed hands on the NSE and BSE. Q1FY26 results on July 24, 2025 Sambhv Steel Tubes informed that the board of directors of the company is scheduled to be held on Thursday, July 24, 2025, to inter alia consider the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2025. Q1FY26 sales volume update Sambhv Steel Tubes witnessed strong growth in its sales, particularly in pre-galvanised (GP) coils and pipes and stainless steel coils product category, highlighting continued progress in its strategic focus on high-value product offerings. In April to June quarter (Q1FY26), the company's value-added products volume jumped 47 per cent year-on-year (Y-o-Y) at 79,717 tons, against 54,267 tons in Q1FY25. Intermediate products rose 70 per cent to 12,989 tons from 7,641 tons in the previous year quarter. Brokerages' view on Sambhv Steel Tubes Sambhv Steel Tubes is strategically positioned to capitalise on India's infrastructure boom, driven by initiatives such as the Jal Jeevan Mission and Amrit Bharat scheme. As a backwards-integrated player with consistent financial growth, efficient strategic sourcing, and ongoing expansion plans, the company is well-poised for long-term value creation, Geojit Investments said in IPO note. Various projects and schemes initiated by the central government and state governments have been driving the demand for steel pipes in India. The demand for domestic steel pipes and tubes is projected to increase to 18.50-20.50 MTPA in FY2029 at 8-9 per cent compounded annual growth rate (CAGR) during the period between FY2025 and FY2029 on a high base. Backed by fully integrated operations and in-house manufacturing capabilities, the company is well-positioned to capitalise on this sectoral growth. While there may be short-term pressure on margins, the company's ongoing expansion and favourable industry dynamics point to strong long-term growth potential, said Choice Equity Broking in IPO note. About Sambhv Steel Tubes Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity. The company's backward integration process allows it to manufacture a range of finished products including ERW black pipes and tubes (hollow section), cold rolled full hard (CRFH) pipes, pre-galvanized (GP) pipes, galvanized iron (GI) pipes and steel door frames, using intermediate products such as sponge iron, blooms/slabs and hot rolled (HR) coil, cold rolled (CR) coil (mild steel) and GP coils which are manufactured in-house.
