Pune: Sambhv Steel Tubes Limited, a prominent manufacturer in the steel pipes and tubes sector, is set to open its Initial Public Offering (IPO) on June 25, 2025, to raise ₹540 crore. The Sambhv Steel Tubes IPO includes a fresh issue of ₹440 crore and an offer for sale (OFS) of ₹100 crore by existing shareholders.
The price band for the Sambhv Steel Tubes IPO has been fixed at ₹77 to ₹82 per equity share with a face value of ₹10 each. Investors can bid in lots of 182 equity shares, with multiples thereof.
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The anchor investor bidding window opens on June 24, and the public issue will remain open from June 25 to June 27, 2025.
Offer Details:
- Total Issue Size: ₹540 crore
- Fresh Issue: ₹440 crore
- Offer for Sale: ₹100 crore
- Price Band: ₹77–₹82 per share
- Minimum Lot Size: 182 shares
- Listing: BSE and NSE
- Anchor Bidding Date: June 24, 2025
- Offer Opens: June 25, 2025
- Offer Closes: June 27, 2025
The objectives of the Sambhv Steel Tubes IPO include prepayment or repayment of certain borrowings and funding general corporate purposes.
Offer for Sale Breakdown:
- ₹10 crore each by Shashank Goyal and Rohit Goyal (Promoter Selling Shareholders)
- ₹35 crore by Kaushlya Goyal, ₹10 crore by Harsheet Goyal, and ₹35 crore by Rinku Goyal (Promoter Group & Other Shareholders)
- Eligible employees will receive a ₹4 per share discount under the employee reservation portion.
Sambhv Steel Tubes IPO Allocation Breakdown:
- QIBs: Not more than 50% of net offer (with up to 60% for Anchor Investors)
- Non-Institutional Investors (NIIs): At least 15%
- One-third for applications between ₹2 lakh and ₹10 lakh
- Two-thirds for applications above ₹10 lakh
- Retail Individual Investors (RIIs): At least 35%
- Employees: Eligible for proportionate allocation with discount
Applications (except Anchor Investors) must be made through the ASBA process using UPI IDs or SCSB accounts.
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Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs).
The equity shares will be listed on BSE and NSE, with the offer made via the Book Building Process in accordance with SEBI regulations.
