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Sambhv Steel Tubes IPO
Price Band
₹77.0–82.0
Issue Size
₹540.0 Cr
Lot Size
182 shares
Min Investment
₹14,924
GMP
+₹14.0 (17.07%)
Issue Price
₹82.0
Subject to Sauda
₹1900
Paid only if allotted
Sambhv Steel Tubes IPO AI Summary
- Sambhv Steel Tubes IPO is listed on BSE, NSE in the Iron & Steel Products sector.
- Price band: ₹77.0–₹82.0 per share, lot size 182 shares (min. investment ₹14,924).
- Subscription window: 25 Jun–27 Jun 2025, listing on 02 Jul 2025.
- Current GMP is +₹14.0 (17.07%), an estimated listing price of ₹96 — unofficial and can change daily.
Sambhv Steel Tubes Limited is an emerging player in the steel industry with a focus on ERW steel pipes and tubes. The company has shown a steady increase in revenue and profit over recent periods, although recent figures for the 9-month period ending December 2024 show a decline in total income and profit compared to the previous full year. The IPO aims to raise funds for debt repayment and corporate purposes, with a competitive valuation compared to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sambhv Steel Tubes IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Jun 2025 — not a current signal.
8 of 10 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Sambhv Steel Tubes IPO Grey Market Premium (GMP) Today
GMP
+₹14.0
GMP %
+17.07%
Est. Listing
₹96.0
Updated: 25 Jul 2026 14:14
About the Company
Incorporated in 2017, Sambhv Steel Tubes Limited is a manufacturer of electric resistance welded (“ERW”) steel pipes and structural tubes (hollow section) in India. The company's manufacturing facility is located in Village - Sarora, Tehsil Tilda, Raipur (“Sarora (Tilda) Facility”) in the mineral-rich state of Chhattisgarh. The company's iron ore is sourced from “Navratna” public sector undertaking (“PSU”) mining company’s mines and coal from a “Maharatna” PSU through one of its highest coal producing subsidiary whose mines are Asia’s largest coal mines and are merely 250 kilometres from our Sarora (Tilda) Facility. As of March 31, 2024, The company has have a wide distribution network in India which extends across 15 states and one union territory as of December 31, 2024. The company has a widespread presence in the Indian states of Chhattisgarh, Maharashtra, Gujarat, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana. Sambhv Steel Tubes Limited's sales and marketing team comprises 23 personnel, as of July 31, 2024. Products: Sponge iron: Sponge iron is used for the manufacturing of crude steel (blooms/ slabs). Blooms/ slabs (Mild steel and stainless steel): Blooms can be rolled into multiple long and flat finished products. Narrow-width HR coil (mild steel and stainless steel): The majority of inhouse narrow-width HR coil to manufacture ERW black pipes and tubes. They also sell HR coils to other manufacturers who use HR coil as a raw material. GI pipe: They sell GI pipes and tubes primarily to distributors and directly to various consumers, which include certain government projects. Competitive Strengths: The only single location backwards integrated facility in India. Strategically located manufacturing plants resulting in operational efficiencies. Strong process innovation and execution capabilities allowing us to produce value-added products. Wide-spreadwell-connected distribution network across India. Well-positioned to take advantage of the growing demand for quality ERW steel pipes and tubes. Experienced Promoters and management team with vast experience in the steel industry. Track record of healthy financial performance.
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1,411.82 | 940.13 | 552.14 | 458.51 |
| Total Income | 1,018.81 | 1,289.38 | 939.00 | 820.75 |
| Profit After Tax | 40.69 | 82.44 | 60.38 | 72.11 |
| EBITDA | 106.37 | 159.87 | 117.30 | 124.52 |
| NET Worth | 478.46 | 438.28 | 210.40 | 149.30 |
| Reserves and Surplus | 197.28 | 190.31 | 129.21 | |
| Total Borrowing | 619.15 | 346.88 | 282.77 | 241.29 |
Key Ratios
EPS
₹3.42
NAV
₹18.19
ROE
25.42%
ROCE
17.66%
RoNW
25.42%
P/B Value
4.51
P/E Ratio
23.97
Market Cap
₹2416.22 Cr
PAT Margin
6.41%
Debt/Equity
0.80
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Surya Roshni Ltd. | 187.63 | 17.41% | 10.98 | 30.51 | 30.25 |
| Rama Steel Tubes Ltd | 2.14 | 10.4% | 24.27 | 0.5 | 0.49 |
| JTL Industries Limited | 43.72 | 19.15% | 10.16 | 6.63 | 6.52 |
| Hi-Tech Pipes Limited | 38.2 | 8.9% | 35.52 | 3.25 | 2.69 |
| Hariom Pipe Industries Limited | 160.5 | 13.56% | 21.15 | 20.34 | 18.34 |
| Apl Apollo Tubes Ltd. | 129.6 | 22.21% | 68.52 | 26.4 | 26.4 |
| Sambhv Steel Tubes Limited This IPO | 18.19 | 25.42% | — | 3.79 | 3.79 |
Promoters
Brijlal Goyal, Suresh Kumar Goyal, Vikas Kumar Goyal, Sheetal Goyal, Shashank Goyal and Rohit Goyal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company 390.00 2 General Corporate Purposes 22.46 3 Issue Expenses 33.80 Total 446.26
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹820.75 Cr in the year ending 31 Mar 2022, rising to ₹939.00 Cr by 31 Mar 2023, then increasing further to ₹1,289.38 Cr by 31 Mar 2024. However, for the period ending 31 Dec 2024, total income decreased to ₹1,018.81 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹72.11 Cr in the year ending 31 Mar 2022, increasing to ₹60.38 Cr by 31 Mar 2023. The profit then rose to ₹82.44 Cr by 31 Mar 2024, before dropping to ₹40.69 Cr for the period ending 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Sambhv Steel Tubes has an implied P/E of approximately 23.97 at the issue price, compared to peers trading at a P/E range of 10.16 to 68.52.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the potential premium at which an IPO might list compared to its issue price. A positive GMP suggests that the market expects the stock to perform well on its listing day, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and market conditions, considering the company's growth potential and industry trends.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid this IPO, as it could be subject to market fluctuations and volatility inherent in the steel industry.
Listing Gains — The Risk
Investing in IPOs carries risks, including the possibility that the stock may not perform well on its listing day. Listing gains are not guaranteed, and investors should be prepared for potential losses.
This evaluation is generated from Sambhv Steel Tubes's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Sambhv Steel Tubes IPO GMP today?
Sambhv Steel Tubes IPO GMP today is +₹14.0 (17.07%), indicating an estimated listing price of ₹96. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Sambhv Steel Tubes IPO?
The price band of Sambhv Steel Tubes IPO is ₹77.0–₹82.0 per share.
When does Sambhv Steel Tubes IPO open and close?
Sambhv Steel Tubes IPO opens on 25 June 2025 and closes on 27 June 2025.
When does Sambhv Steel Tubes IPO list on the stock exchange?
Sambhv Steel Tubes IPO listed on 02 July 2025 at ₹96.0.
What is the lot size for Sambhv Steel Tubes IPO?
The lot size for Sambhv Steel Tubes IPO is 182 shares, requiring a minimum investment of ₹14,924.
What is the price band for the IPO?
The price band for the IPO is ₹77.0 to ₹82.0.
What is the minimum investment required?
The minimum investment required is ₹14,924.
What is the lot size for the IPO?
The lot size for the IPO is 182 shares.
When is the listing date for the IPO?
The listing date for the IPO is July 2, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the stock on listing day compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Jun 2025
Close
27 Jun 2025
Allotment
30 Jun 2025
Listing
02 Jul 2025
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