Sambhv Steel Tubes IPO open date is June 25, 2025 and the IPO will close on June 27, 2025.
The company reported revenue of ₹1,289.38 crores and profit of ₹82.44 crores in 2024.
Sambhv Steel Tubes IPO Business Overview
Sambhv Steel Tubes Limited is a fast-growing manufacturer of Electric Resistance Welded (ERW) pipes and hollow structural sections. Established in 2017, the company has built a strong domestic presence in infrastructure and construction supply chains. It specializes in producing steel tubes used in sectors like real estate, furniture, automobiles, and engineering.
The company is engaged in the manufacturing of sponge iron, billets, HR coils, and ERW steel pipes. It also operates captive power facilities to support its production and primarily serves domestic customers.
Sambhv Steel is an integrated steel manufacturer, producing:
- Sponge Iron
- Blooms / Slabs
- Hot Rolled Coils (HR Coils)
- ERW Black Pipes and Tubes
The company also operates captive power generation to support manufacturing. It serves domestic customers, with a focus on scalability and vertical integration
Sambhv Steel Tubes IPO Details
| IPO Open Date: | June 25, 2025 |
| IPO Close Date: | June 27, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹77 to ₹82 Per Share |
| Issue Size: | Approx ₹540 Crores |
| Fresh Issue: | Approx ₹440 Crores |
| Offer for Sale: | Approx 1,21,95,121 Equity Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Sambhv Steel Tubes IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 182 | ₹14,924 |
| Retail Maximum | 13 | 2366 | ₹1,94,012 |
| S-HNI Minimum | 14 | 2,548 | ₹2,08,936 |
| B-HNI Minimum | 68 | 12,376 | ₹10,14,832 |
Sambhv Steel Tubes IPO Dates
| IPO Open Date: | June 25, 2025 |
| IPO Close Date: | June 27, 2025 |
| Basis of Allotment: | June 30, 2025 |
| Refunds: | July 1, 2025 |
| Credit to Demat Account: | July 1, 2025 |
| IPO Listing Date: | July 2, 2025 |
Promoters of Sambhv Steel Tubes IPO
Promoters include Brijlal, Suresh, Vikas, Sheetal, Shashank, and Rohit Goyal. There are no regulatory issues reported. Vikas Goyal serves as MD and CEO of the company.
- Brijlal Goyal,
- Suresh Kumar Goyal,
- Vikas Kumar Goyal,
- Sheetal Goyal,
- Shashank Goyal and
- Rohit Goyal
Sambhv Steel Tubes IPO Company Financial Report
For FY24, Sambhv reported revenue of ₹12,858M, EBITDA of ₹1,595M, and net profit of ₹825M. The company has maintained double-digit margins and strong ROE of 25.4%.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹820.75 | ₹724.08 | ₹72.11 | ₹458.51 |
| 2023 | ₹939.00 | ₹857.89 | ₹60.38 | ₹552.14 |
| 2024 | ₹1,289.38 | ₹1,178.61 | ₹82.44 | ₹940.13 |
| December 31, 2024 | ₹1,018.81 | ₹963.10 | ₹40.69 | ₹1,411.82 |
Sambhv Steel Tubes IPO Valuation – FY2024
| KPI | Values |
| ROE: | 43.73% |
| ROCE: | 25.65% |
| EBITDA Margin: | 15.93% |
| PAT Margin: | 7.30% |
| Debt to equity ratio: | 2.20 |
| Earning Per Share (EPS): | ₹3.79 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 25.42% |
| Net Asset Value (NAV): | ₹18.19 |
Peer Group Comparison
Sambhv outperforms peers in EBITDA and ROE. It operates on par with Hariom Pipes and ahead of APL Apollo on margins. IPO valuation would be fair if priced below industry average P/E.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| APL Apollo Tubes Limited | 26.40 | 58.05 | 22.21 | 129.60 | 18,118.80 Cr. |
| Hariom Pipes Industries Limited | 20.34 | 39.41 | 13.56 | 160.50 | 1,153.19 Cr. |
| Hi-Tech Pipes Limited | 3.25 | 73.00 | 8.90 | 38.20 | 2,699.29 Cr. |
| JTL Industries Limited | 6.63 | 35.17 | 19.15 | 43.72 | 2,040.23 Cr. |
| Rama Steel Tubes Limited | 0.50 | 30.41 | 10.40 | 2.14 | 1,046.51 Cr. |
| Surya Roshni Limited | 30.51 | 24.07 | 17.41 | 187.63 | 7,809.27 Cr. |
Industry & Market Overview
Sambhv operates in India’s growing steel pipes and tubes industry, supported by rising infrastructure demand. It competes with players like APL Apollo and Surya Roshni while maintaining better margins.
- Sambhv operates in India’s steel pipe and tube market, which is witnessing rising demand due to infrastructure and construction sectors.
- It competes with large players such as APL Apollo, Hariom Pipe Industries, Hi-Tech Pipes, and Surya Roshni.
- Sambhv has consistently reported higher EBITDA and PAT margins than peer averages, suggesting operational efficiency
Objects of the Issue
The IPO funds will be used for capital expenditure, repayment of borrowings, working capital, and general corporate purposes. The fresh issue size is ₹4,400 million and OFS is ₹1,000 million.
- Funding capital expenditure
- Repayment/prepayment of borrowings
- Working capital needs
- General corporate purposes
Risk Factors Of Sambhv Steel Tubes IPO
Key risks include high related party transactions, working capital needs, inventory management challenges, and dependency on promoter guarantees for borrowings.
- High related party transactions: >21% of revenue
- Working capital intensive
- Inventory mismanagement
- High debt: ₹5,362M as of Aug 2024
- Promoter-related guarantees on borrowings
Sambhv Steel Tubes IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: sstl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Nuvama Wealth Management Limited
- Motilal Oswal Investment Advisors Limited
Company Address
Sambhv Steel Tubes Limited
Office No. 501 to 511,
Harshit Corporate,
Amanaka
Raipur, Chhattisgarh, 492001
Phone: +91 771 2222 360
Email: cs@sambhv.com
Website: http://www.sambhv.com/
Sambhv Steel Tubes IPO FAQs
What does Sambhv Steel Tubes do?
Steel tube and pipe manufacturing with integrated backward linkages.
When Sambhv Steel Tubes IPO will open for subscription?
The IPO is to open on June 25, 2025 for QIB, NII, and Retail Investors. The IPO will close on June 27, 2025.
What is Sambhv Steel Tubes IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Sambhv Steel Tubes IPO Issue Size?
Sambhv Steel Tubes IPO issue size is ₹540 crores.
What is Sambhv Steel Tubes IPO Price Band?
Sambhv Steel Tubes IPO Price Band is ₹77 to ₹82.
What is Sambhv Steel Tubes IPO Lot Size?
The minimum bid is 182 Shares with ₹14,924 amount.
What is the Sambhv Steel Tubes IPO Allotment Date?
Sambhv Steel Tubes IPO allotment date is June 30, 2025.
What is the Sambhv Steel Tubes IPO Listing Date?
Sambhv Steel Tubes IPO listing date is July 2, 2025. The IPO is to list on BSE & NSE.