Sambhv Steel Tubes IPO – Review
Sambhv Steel Tubes Limited – one of the key manufacturers of electric resistance welded steel pipes and structural tubes in India is planning to raise INR 540 crore via IPO.
[Fresh Issue 440 crore + OFS 100 crore]
Sambhv steel ipo price is INR 77 – 82 per share
Sambhv Steel Tubes: History
The Company was originally incorporated on April 24, 2017, in Chhattisgarh (India) as Sambhv Sponge Power Private Limited, a private limited company under the Companies Act, 2013
The Company was then converted into a public limited company under the Companies Act, 2013 (under a special resolution adopted by the Shareholders) on April 24, 2024. The name of the Company was changed to Sambhv Steel Tubes Limited and a fresh certificate of incorporation was issued by the RoC, on July 9, 2024.
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Sambhv Steel Tubes: Business
Sambhv Steel Tubes Limited is one of the prominent manufacturers of ERW steel pipes and structural tubes – hollow section in India, in terms of installed capacity as of March 31, 2024, according to CRISIL Report.
Sambhav Steel is the only company in India with a single location backward integrated manufacturing facility for ERW steel pipes and tubes with presence across the value chain as of March 31, 2024, according to CRISIL Report.
Sambhav Steel is one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coil, as of March 31, 2024.
The Company is the only player in India to manufacture narrow-width HR coil with backward integration capability, as of March 31, 2024, according to CRISIL Report.
Products & Usage
The Company’s products are rust-resistant and tailored to meet specific market requirements across multiple sectors including –
- housing and infrastructure,
- water transportation,
- agriculture,
- automobile,
- telecommunications,
- oil and gas,
- engineering,
- solar energy,
- fire-fighting systems, and
- support structures of conveyors
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Manufacturing Facility
The company operates a manufacturing facility in Sarora (Tilda, Raipur, Chhattisgarh, India).
Distribution Network
- As of 31 December 2024, Sambhv Steel Tubes has a wide distribution network in India, spanning across 15 states and 1 union territory (UT).
- The company caters to over 37 distributors and 700 dealers across the country.
- It also has a network of over 2,000 retailers and 10,000 fabricators.
Strategies Ahead
- Production capacity expansion with a focus on value-added products
- Expanding distributor network and increasing business share from existing distributors and direct customers
- Continue to focus on value-added products and customization
- Continue to focus on operational and cost optimization
- Continue to emphasis on brand building
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Company Promoters
- Brijlal Goyal,
- Suresh Kumar Goyal,
- Vikas Kumar Goyal,
- Sheetal Goyal,
- Shashank Goyal,
- Rohit Goyal
IPO Details
Sambhv steel ipo date = 25 June to 27 June 2025
Minimum Amount = INR 14,924
Minimum Bid = 182 Shares
Face Value (FV) = INR 10
Listing On = NSE, BSE
Book Running Lead Managers
Nuvama Wealth Management Limited,
Motilal Oswal Investment Advisors Limited
Financials
CONCLUSION
FinBlab recommends ‘SUBSCRIBE‘ ratings on Sambhav Steel IPO (keeping a long-term view in mind)
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