Sambhv Steel IPO Sizzles—28x Oversubscription Sets Stage for Strong Debut

Image Source: Money Mint Idea

Sambhv Steel Tubes Ltd has wrapped up its ₹540 crore IPO with a blockbuster 28.46x subscription, signaling robust investor appetite across categories. The allotment is being finalized today, June 30, with listing scheduled for Wednesday, July 2 on both BSE and NSE.

Subscription Breakdown:

QIBs: 62.32x
NIIs: 31.82x
Retail: 7.99x
Employees: 5.34x

IPO Details:

Price Band: ₹77–₹82 per share
Lot Size: 182 shares
Issue Structure: ₹440 crore fresh issue + ₹100 crore OFS
GMP: ₹14–15, implying a likely listing price of ₹96 (17–18% premium)

Allotment Status:

Investors can check their status via Kfin Technologies, BSE, or NSE portals using PAN, application number, or DP ID.

Use of Proceeds:

₹390 crore will go toward debt repayment, with the rest earmarked for general corporate purposes.

Company Snapshot:

Incorporated in 2017, Sambhv Steel manufactures ERW pipes and structural tubes at its Chhattisgarh facility. It boasts one of India’s highest installed capacities and serves sectors like infrastructure, energy, and automotive.

With a solid GMP and overwhelming institutional interest, Sambhv Steel’s listing is poised to be one of the most watched SME debuts this season.

Sources: Business Standard, Financial Express, Moneycontrol