Chhattisgarh steel companies

Sambhv Steel Tubes’ IPO will open from June 25 to 27, offering a strong chance to invest in the growing steel pipe sector. With solid financials and wide market reach, it’s likely to draw interest from all types of investors.

Sambhv Steel Tubes Limited, a leading ERW steel pipe manufacturer, is all set to make its public debut in the capital markets with its upcoming IPO scheduled from June 25 to 27, 2025. The company will list on the BSE and NSE, with a lot size of 182 shares and a price range of ₹77 to ₹82 per share. The ₹540 crore IPO is a combination of a fresh issue and an offer for sale, with anchor investors already having raised ₹161.25 crore on June 24. The company’s projected market capitalisation after the IPO is ₹2,416 crore. 

Headquartered in Chhattisgarh, Sambhav Steel Tubes benefits from a strategic location near mineral-rich belts, ensuring smoother procurement and supply chain efficiency. The company has a robust distribution network across 15 Indian states and 1 union territory, allowing it to cater to diverse markets efficiently.

For the financial year 2023–24, Sambhv Steel Tubes posted a strong performance with a profit after tax (PAT) of ₹82.44 crore and an impressive Return on Equity (ROE) of 25.42%, reflecting healthy financial management and operational performance.

 Key Objectives of the IPO:

1. To repay the ₹390 crore in outstanding debt. 

2. Funding for general business objectives

The IPO is set up with reservations for several types of investors:

• Up to 50% of buyers are qualified institutional buyers (QIBs). • Retailers: a minimum of 35%

• At least 15% are non-institutional investors (NIIs).

With a backward-integrated manufacturing setup and strong fundamentals, Sambhv Steel Tubes is positioning itself as a high-potential player in the steel tube industry.