Sambhav Steel Tubes Limited IPO

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 Sambhav Steel Tubes Limited IPO Details:


IPO Overview

Sambhav Steel Tubes Limited is planning to raise ₹540 crores through its initial public offering (IPO). The IPO consists of a fresh issue of ₹440 crores and an offer for sale (OFS) of ₹100 crores.


IPO Price Band

The IPO price band is fixed between ₹77 and ₹82 per equity share of face value ₹10.


Lot Size

The minimum lot size for the IPO is 182 equity shares, and investors can apply for multiples of 182 shares.


IPO Dates

- IPO Open Date: June 25, 2025

- IPO Close Date: June 27, 2025

- Basis of Allotment: June 30, 2025

- Refund Initiation: July 1, 2025

- Listing Date: July 2, 2025


Use of Proceeds

The company plans to utilize the proceeds from the IPO for:

- Pre-payment or scheduled repayment of certain outstanding borrowings availed by the company: ₹390 crores

- General corporate purposes: ₹50 crores


About Sambhav Steel Tubes

Sambhav Steel Tubes Limited is a leading manufacturer of electric resistance welded steel pipes and structural tubes in India. The company has a single location backward integrated manufacturing facility in Chhattisgarh, which provides it with a competitive advantage.


Financial Performance

The company has reported strong financial performance in recent years:

- Revenue from Operations (FY24): ₹1285.757 crores

- Profit After Tax (FY24): ₹82.439 crores

- EBITDA Margin (FY24): 15.93%

- Return on Net Worth (FY24): 25.42%


Strengths

- Backward integrated manufacturing facility

- Strategically located manufacturing plants

- Strong process innovation and execution capabilities

- Wide-spread well-connected distribution network across India


Risks

- Volatility in raw material prices

- Dependence on third-party suppliers

- Under-utilization of capacities

- Competition from other players in the industry


Peer Comparison

Some of the listed peers of Sambhav Steel Tubes Limited are:

- APL Apollo Tubes Limited

- Hariom Pipes Industries Limited

- Hi-Tech Pipes Limited

- JTL Industries Limited

- Rama Steel Tubes Limited

- Surya Roshni Limited


IPO Registration and Book Running Lead Managers

- KFin Technologies Limited is the registrar of the IPO

- Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers


Promoters

The promoters of Sambhav Steel Tubes Limited are:

- Brijlal Goyal

- Suresh Kumar Goyal

- Vikas Kumar Goyal

- Sheetal Goyal

- Shashank Goyal

- Rohit Goyal


Conclusion

Sambhav Steel Tubes Limited IPO is expected to be a popular issue among investors due to the company's strong financial performance, backward integrated manufacturing facility, and strategic location. However, investors should carefully evaluate the company's risks and strengths before making an investment decision ¹ ² ³.

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