Sambhv Steel Tubes Limited – Globe Capital Market LTD.
Sambhv Steel Tubes Limited
Closed
Price Band
₹77 to ₹82 per share
IPO Issue Period
June 25, 2025 to June 27, 2025
Issue Size
₹540.00 Cr
Face value
₹10 per share
Fresh issue
₹440.00 Cr
Offer for sale
₹100.00 Cr
Minimum Shares for Retail
182 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Limited
Tentative Listing Date
Wed, Jul 2, 2025
QIB
50%
NII
15%
Retail
35%

Nuvama Wealth Management Limited
Motilal Oswal Investment Advisors Limited

Sambhv Steel Tubes Limited is a manufacturer of electric resistance welded (“ERW”) steel pipes and structural tubes (hollow section) in India. The company’s manufacturing facility is located in Village – Sarora, Tehsil Tilda, Raipur (“Sarora (Tilda) Facility”) in the mineral-rich state of Chhattisgarh. The company’s iron ore is sourced from “Navratna” public sector undertaking (“PSU”) mining company’s mines and coal from a “Maharatna” PSU through one of its highest coal producing subsidiary whose mines are Asia’s largest coal mines and are merely 250 kilometres from our Sarora (Tilda) Facility.

As of March 31, 2024, The Company has have a wide distribution network in India which extends across 15 states and one union territory as of December 31, 2024. The company has a widespread presence in the Indian states of Chhattisgarh, Maharashtra, Gujarat, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana.

For the year/period ended (Rs. in Cr.)

FY24 FY23 FY22
Total Revenue 1,289.38 939.00 820.75
Profit After Tax 82.44 60.38 72.11
EPS 3.79 3.01 3.59
OPM (%) 11.09% 10.98% 14.13%
PATM (%) 6.41% 6.44% 8.80%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY24
Net Profits(Cr.)
FY24
Sambhv Steel Tubes Limited *2416.22 82 4.13 21.6 1289.38 82.44
APL Apollo Tubes Ltd. 49,758.77 1,792.95 11.82 65.73 19,996.29 757.06
Hariom Pipe Industries Ltd. 1,170.41 377.95 18.96 1,357.05 61.73
Venus Pipes & Tubes Ltd. 2,752.47 1,343.25 5.08 29.63 958.53 92.89

*Market cap @upper band

 

  • Backward integrated facility in India;
  • Strategically located manufacturing plants resulting in operational efficiencies;
  • Strong process innovation and execution capabilities allowing us to produce value-added products;
  • Widespread, well connected distribution network across India;
  • Well-positioned to take advantage of the growing demand for quality ERW steel pipes and tubes;
  • Experienced Promoters and management team with vast experience in the steel industry; and

Track record of healthy financial performance

  • Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company; and
  • General corporate purposes.

At the upper band of IPO Rs. 82, the stock is valued at 21.6 times. Hence, Well-informed investors subscribe for long term.

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