Sambhv Steel Tubes to Launch ₹540 Crore IPO: A Strategic Push into India’s Growing Infrastructure Wave
Sambhv Steel Tubes Limited, a dynamic force in the Electric Resistance Welded (ERW) steel pipe industry, is set to tap the capital markets with its much-anticipated ₹540 crore Initial Public Offering (IPO). The public issue, opening on June 25, 2025, marks a critical step in the company’s expansion strategy amid India’s infrastructure boom and rising demand for industrial-grade steel solutions.
Sambhv Steel Tubes Company Snapshot: Rising from the Heart of India’s Steel Belt
Established in 2017, Sambhv Steel Tubes has quickly scaled operations and become a notable player in the ERW steel segment. The company operates from a strategically positioned facility in Village-Sarora, Tilda, Raipur—a region at the epicenter of India’s mineral wealth. This geographic advantage, coupled with a robust supply chain anchored by tie-ups with “Navratna” and “Maharatna” public sector mining giants, enables consistent access to iron ore and coal. These raw materials are sourced from some of Asia’s largest mines, located within a 250-kilometer radius, giving Sambhv an edge in cost-efficiency and supply stability.
The company’s reach spans 15 states and one union territory, including industrial powerhouses like Maharashtra, Gujarat, Chhattisgarh, Rajasthan, Haryana, and Uttar Pradesh, reinforcing its pan-India distribution capabilities.
Sambhv Steel Tubes Financial Growth: Solid Numbers Backed by Strategic Vision
Sambhv’s financials paint a picture of steady growth and operational resilience. From a revenue of ₹820.7 crore in FY22, the company surged to ₹1,289.38 crore in FY24 (March), ₹1,018.81 crore by December 2024. Asset growth has been striking, leaping from ₹458.5 crore (FY22) to ₹1,411.82 crore by the end of 2024.
Profitability has held firm, with a Profit After Tax (PAT) of ₹40.69 crore as of December 2024. Operational efficiency is reflected in rising EBITDA, while net worth has more than tripled—from ₹149.3 crore in FY22 to ₹478.46 crore by December 2024. Although borrowings have also climbed, the company plans to use ₹390 crore of the IPO proceeds to pare down its debt—aiming to improve the balance sheet and free up capital for growth.
Sambhv Steel Tubes IPO Details at a Glance
- Issue Size: ₹540 crore (Fresh Issue + Offer for Sale)
- Price Band: ₹77 – ₹82 per share
- Subscription Window: June 25 to June 27, 2025
- Retail Lot Size: 182 shares (Minimum investment at higher price band: ₹14,924)
- Max Retail Application: 2,366 shares across 13 lots (₹1,94,012 approx.)
- Allotment Date: Expected by June 30, 2025
- Listing Date (Tentative): July 2, 2025 on NSE and BSE
Retail investors are advised to bid at the cut-off price of ₹82 to improve chances of allotment, especially given the IPO’s strong market interest. Sambhv Steel Tubes Limited is offering an employee discount of ₹4 per share as part of its ₹540 crore IPO.
Sambhv Steel Tubes Promoters and Strategic Direction
Promoted by Brijlal Goyal, Suresh Kumar Goyal, Vikas Kumar Goyal, Sheetal Goyal, Shashank Goyal, and Rohit Goyal, the company had a pre-issue shareholding of 71.9%, underscoring deep promoter commitment. Their continued involvement signals confidence in Sambhv’s long-term trajectory.
With plans to deleverage, expand operations, and strengthen its market footprint, Sambhv Steel Tubes is positioning itself at the intersection of infrastructure growth and industrial innovation.
Sambhv Steel Tubes IPO Registrar
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