Sambhv Steel Tubes IPO Gets 30.33x Subscription, Retail Quota Subscribed 8.5x; Check GMP

Sambhv Steel Tubes IPO: A Resounding Success!

The Sambhv Steel Tubes Initial Public Offering (IPO) concluded today, June 27, 2025, with an overwhelming response from investors. The IPO, aiming to raise Rs 540 crore, was significantly oversubscribed, exceeding expectations and demonstrating strong market confidence.

Key Highlights:

• Massive Oversubscription: The IPO received a staggering 30.33 times oversubscription, with bids for 1,40,13,19,920 shares against the 6,58,69,293 shares on offer.
• Strong Retail Interest: Retail investors showed significant enthusiasm, subscribing 8.56 times their allocated quota.
• Robust Institutional Participation: Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs) demonstrated strong confidence, with subscriptions reaching 33.88 times and 66.36 times, respectively.
• Positive Grey Market Premium (GMP): The current GMP stands at 14.63%, suggesting potential for positive listing gains.

IPO Details:

• Price Band: Rs 77 - Rs 82 per share.
• Lot Size: Minimum of 182 shares.
• Employee Discount: Rs 4 per share for eligible employees.
• Allotment Date: June 30, 2025
• Listing Date: July 2, 2025 (BSE and NSE)

Analyst Recommendations: Overwhelmingly Positive

Leading brokerage firms unanimously recommend subscribing to the Sambhv Steel Tubes IPO, citing the company's strong fundamentals and growth prospects. Here's a summary of their views:

• Anand Rathi Research, SBI Securities, BP Equities, Canara Bank Securities, Bajaj Broking, Marwadi Financial Services, and Kunvarji Finserv all issued "Subscribe" or "Subscribe for Long-Term" recommendations, highlighting factors such as backward integration, capacity expansion, strong product portfolio, debt reduction post-IPO, and favorable market conditions.

IPO Proceeds and Offer for Sale

The net proceeds from the fresh issue (Rs 440 crore) will primarily be used for debt repayment, with the remainder allocated to general corporate purposes. The Rs 100 crore Offer for Sale (OFS) component includes shares from various promoter and promoter group shareholders.

Sambhv Steel Tubes: A Promising Future

Sambhv Steel Tubes is a major player in the Indian ERW steel pipes and tubes market, poised for growth fueled by rising domestic demand. Industry reports project a strong CAGR for steel pipe demand in the coming years.

Disclaimer: This information is for general awareness and should not be considered investment advice. Always consult with a financial advisor before making any investment decisions.