Latest news with #SambhvSteelTubesLtd
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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.
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.
News18
01-07-2025
- Business
- News18
Sambhv Steel Tubes IPO: Check Listing Date, Allotment Status, GMP, Price Prediction
Last Updated: The GMP of the Sambhv Steel Tubes IPO has increased to 17.01% currently; Check listing date and listing price prediction Sambhv Steel Tubes IPO Listing: The Rs 540 crore IPO of Sambhv Steel Tubes Ltd received a tepid response during the initial days but saw a strong surge in demand on the final day, ultimately getting oversubscribed 30.33 times. Subscription Status On its opening day, the IPO was subscribed just 41%, indicating a slow start. However, interest picked up slightly on the second day, with overall subscription reaching 1.27 times. The final day saw a flurry of investor activity, pushing total subscriptions to 30.33 times. Sambhv Steel Tubes IPO Allotment Finalised The allotment of the Sambhv Steel Tubes IPO has been finalised. Sambhv Steel Tubes IPO: A Step-By-Step Guide To Check Allotment Status Investors can also check their allotment status on the websites of the NSE as well as registrar Kfin Technologies. The allotment status can be checked by following these steps: 1) Go to the official BSE website via the URL - 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Sambhv Steel Tubes Ltd' in the drop-down. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. The allotment status can also be checked on the NSE's website at Latest GMP And Listing Price Prediction The IPO comprised a fresh issue of Rs 440 crore and an Offer for Sale (OFS) of Rs 100 crore. The price band was set between Rs 77 and Rs 82 per share. According to market analysts, the IPO is commanding a grey market premium (GMP) of Rs 14.05, which is 17.1% higher than the cap price, marking the highest GMP seen for this issue so far. Based on the upper price band and current GMP, the estimated listing price of Sambhv Steel Tubes shares is expected to be around Rs 96.05. This suggests potential listing gains for investors. However, it's important to note that GMP figures are unofficial and can fluctuate rapidly, and should not be the sole basis for investment decisions. IPO Listing Date Shares of Sambhv Steel Tubes Ltd will debut on the stock exchanges on Wednesday, July 2, and will be listed on both the BSE and NSE. Analyst Recommendations Most brokerage houses have assigned a 'Subscribe' rating to the IPO, recommending a long-term investment view. Analysts highlighted the company's backward integration, expanding capacity, and diverse product portfolio as key strengths. They noted that robust growth prospects and a planned reduction in debt post-IPO further support a compelling investment case. About Sambhv Steel Tubes Ltd IPO According to the red herring prospectus (RHP), the net proceeds from the fresh issue will primarily be used for the prepayment or scheduled repayment of certain outstanding borrowings. The balance will be allocated toward general corporate purposes. Sambhv Steel Tubes is one of India's leading manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections) by installed capacity, as of March 31, 2024. A Crisil report cited in the RHP estimates that domestic demand for steel pipes and tubes grew at a 5–6% CAGR, reaching 12.50–13.50 million tonnes per annum (MTPA) in FY25 from 8.8 MTPA in FY19. The demand surge was driven by government-led infrastructure initiatives and increased investments in the oil and gas sector. Looking ahead, domestic demand is projected to rise further to 18.50–20.50 MTPA by FY29, implying a CAGR of 8–9% from FY25 to FY29. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are acting as the Book Running Lead Managers (BRLMs) for the IPO. tags : IPO Location : New Delhi, India, India First Published: July 01, 2025, 12:55 IST News business » ipo Sambhv Steel Tubes IPO: Check Listing Date, Allotment Status, GMP, Price Prediction
Time of India
27-06-2025
- Business
- Time of India
Sambhv Steel Tubes IPO: GMP stable at 11%, issue witnesses oversubscription. Check details
The initial public offering ( IPO ) of Raipur-based Sambhv Steel Tubes Ltd, a backward-integrated producer of ERW steel pipes and structural tubes, which opened for subscription on Wednesday, is trading at a grey market premium ( GMP ) of Rs 9–10, indicating an 11% premium over the issue price. At the end of the second day of bidding, the issue saw an overall subscription of 1.76 times, with non-institutional investors (NIIs) taking the lead, subscribing to the issue by 3.12 times, followed by the retail investors, who subscribed to the issue by 1.84 times. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Milana, 38, Shows Her Huge Size In New Photos. Paperela Undo The qualified institutional buyers (QIBs) subscribed to the issue by 61%. Investors can bid for a minimum of 182 shares, translating to a minimum investment of Rs 14,924 at the upper end of the price band. The IPO comprises a fresh issue of shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore. The company plans to utilise the proceeds primarily to repay borrowings up to Rs 390 crore and for general corporate purposes. The shares are expected to be listed on both the NSE and BSE on July 2. Live Events What brokerages say about Sambhv Steel Tubes IPO? Goejit Investments- Subscribe 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 scheme. As 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. BP Wealth- Subscribe 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. Choice Broking- Subscribe for long term At a higher price band, the company is demanding a valuation of a P/E of 29.3x (based on FY24 EPS of Rs. 2.8) and EV/Sales of 2.4x; this valuation seems to be fully priced compared to its peer average. Annualizing 9MFY25 earnings (EPS of Rs 1.8), the implied P/E rises to 44.5x, reflecting a temporary decline in profitability due to ongoing facility expansions. Backed by fully integrated operations and in-house manufacturing capabilities, the company is well-positioned to capitalize on this sectoral growth. While there may be short-term pressure on margins, the company's ongoing expansion and favorable industry dynamics point to strong long-term growth potential. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
25-06-2025
- Business
- Mint
Sambhv Steel Tubes IPO Day 1 Live: Check GMP, issue details, subscription status. Should you apply or not?
Sambhv Steel Tubes IPO Day 1 Live: Sambhv Steel Tubes Ltd's initial public offering (IPO) is set to open for public subscription on Wednesday, June 25, and will close on Friday, June 27. On Tuesday, June 24, the company announced it has secured ₹ 161.25 crore from anchor investors just one day prior to the opening of its initial share sale for the public. Sambhv Steel Tubes IPO price band has been established between ₹ 77 and ₹ 82 per share, with a face value of ₹ 10. Sambhv Steel Tubes specified that 50% of the total offer has been allocated for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. The expected date for finalising the basis of share allotment for Sambhv Steel Tubes IPO is Monday, June 30. Refunds are planned to be initiated on Tuesday, July 1, and shares will be credited to the demat accounts of successful allottees later that same day after the refunds. The shares of Sambhv Steel Tubes are anticipated to be listed on the BSE and NSE on Wednesday, July 2. As of March 31, 2024, Sambhv Steel is recognised as one of the leading manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity. A report from Crisil indicates that the demand for domestic steel pipes and tubes is projected to grow at a compound annual growth rate (CAGR) of 5-6%, reaching an estimated 12.50-13.50 million tonne per annum (MTPA) in FY25, up from 8.8 MTPA in FY19. Subscription for the public issue will open at 10:00 IST during Wednesday's deals. As per SBICAP Securities, the firm is assessed at an annualized EV/EBITDA ratio of 18.2x and a P/E ratio of 44.5x for 9MFY25, calculated based on the maximum price range and post-issue capitalization. Sambhv Steel Tubes is one of the few companies in India equipped with a backward integration facility, which allows it to provide a varied range of premium products in a cost-effective way. The company has improved its production capabilities to encompass Stainless Steel (SS) Bloom, SS Hot Rolled Coils, SS Cold Rolled Coils, and SS HRAP Coils—products recognized for their significant margin potential. Given the strong industry momentum, effective backward integration, and an expanding array of value-added products, the company is strategically positioned for continuous growth. The brokerage advise investors to subscribe to the issue at the cut-off price with a long-term investment perspective. The initial public offering comprises a new issue of equity shares estimated at ₹ 440 crore along with an offer for sale (OFS) of shares amounting to ₹ 100 crore from the promoters. Proceeds from the fresh issue will be utilised for payment of debt and general corporate purposes. Nuvama Wealth Management and Motilal Oswal Investment Advisors are the book-running lead managers to the issue. Sambhv Steel Tubes IPO GMP today is +5. This indicates Sambhv Steel Tubes share price was trading at a premium of ₹ 5 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Sambhv Steel Tubes share price is indicated at ₹ 87 apiece, which is 6.10% higher than the IPO price of ₹ 82. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
