Sambhv Steel Tubes Sizzles on Market Debut with 23.2% Listing Pop

Sambhv Steel Tubes Ltd made a striking debut on the NSE and BSE on July 2, 2025, with its shares opening at ₹101.05, a 23.2% premium over the IPO price of ₹82. The listing reflects strong investor confidence in the Raipur-based manufacturer of electric resistance welded (ERW) steel pipes and structural tubes, which raised ₹540 crore through its IPO.
 

The IPO, which ran from June 25 to June 27, was subscribed over 25 times, with QIBs bidding 52.3x, NIIs 31.6x, and retail investors 7.2x. The company had earlier raised ₹161.3 crore from anchor investors including Motilal Oswal MF, Whiteoak Capital, and Citigroup Global.

 

Key Highlights:

 

IPO Price Band: ₹77–₹82 per share

Listing Price: ₹101.05 on NSE, up 23.2%

Market Cap on Listing: ~₹2,416 crore

FY24 Revenue: ₹1,289.4 crore; Net Profit: ₹82.4 crore

Use of Proceeds: ₹390 crore for debt repayment; balance for general corporate purposes

Manufacturing Capacity: 1.7 million MTPA across two Chhattisgarh plants

Sector Outlook: Domestic steel pipe demand projected to grow at 8–9% CAGR through FY29

 

Analysts cite Sambhv’s backward integration, cost-efficient operations, and diversified product mix as key strengths. With a robust distribution network across 15 states and a focus on high-margin stainless steel products, the company is well-positioned to ride India’s infrastructure and industrial growth wave.

 

Source: Business Standard, News18, Business Today