GMP ₹9, Strong ROE, ₹540 Cr Size – Sambhv Steel Tubes IPO Opens on June 25!
Sambhv Steel Tubes IPO: This week, Sambhv Steel Tubes Limited is stepping into the capital markets with its ₹540 crore IPO. Backed by strong financials, a solid growth trajectory, and presence across key Indian states, the Sambhv Steel Tubes IPO has created quite a buzz, especially with retail and HNI investors tracking its GMP trends. With the IPO opening on June 25, 2025, and closing on June 27, 2025, this public issue is expected to attract attention from long-term value investors.
In this article, we’ll break down everything you need to know about the Sambhv Steel Tubes IPO—from dates, price band, allotment schedule, financials, GMP trends, to pros and cons—so that you can make an informed decision before applying.
Also Read: HDB Financial Services IPO Opens on June 25– Know Latest GMP, Key Dates, Price Band & Lot Size
Sambhv Steel Tubes IPO: Key Issue Details & Timeline
Here is a quick snapshot of all the important IPO details:
| Particulars | Details |
|---|---|
| IPO Open Date | June 25, 2025 |
| IPO Close Date | June 27, 2025 |
| Listing Date | July 2, 2025 |
| Price Band | ₹77 to ₹82 per share |
| Face Value | ₹10 per equity share |
| Total Issue Size | Approx ₹540 crores |
| Fresh Issue | Approx ₹440 crores |
| Offer for Sale (OFS) | 1,21,95,121 equity shares |
| Issue Type | Book Build Issue |
| Listing Exchange | NSE & BSE |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| HNI/NII Quota | Not more than 15% |
| Allotment Date | June 30, 2025 |
| Refunds Initiated | July 1, 2025 |
| Shares Credited to Demat | July 1, 2025 |
Sambhv Steel Tubes IPO GMP Trend – What’s the Market Saying?
Grey Market Premium (GMP) has slightly cooled off this week. As of June 24, GMP stood at ₹9 indicating alomst 11% listing gain over the upper price band till date.
| Date | GMP (₹) | Trend |
|---|---|---|
| June 24, 2025 | ₹9 | Down |
| June 23, 2025 | ₹9 | Down |
| June 21, 2025 | ₹13 | Up |
Sambhv Steel Tubes Financial Performance – Strong Growth Momentum
The company has shown a healthy uptick in both revenues and profitability over the last three financial years.
| Financial Year | Revenue (₹ Cr.) | Expenses (₹ Cr.) | Profit After Tax (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| FY22 | 820.75 | 724.08 | 72.11 | 458.51 |
| FY23 | 939.00 | 857.89 | 60.38 | 552.14 |
| FY24 | 1,289.38 | 1,178.61 | 82.44 | 940.13 |
| 9M FY25 (Dec) | 1,018.81 (Consol.) | 963.10 | 40.69 | 1,411.82 |
Also Read: Globe Civil Projects IPO 2025
Sambhv Steel Tubes IPO Valuation Metrics – How It Stands
| Valuation Metric | Value |
|---|---|
| ROE | 43.73% |
| ROCE | 25.65% |
| EBITDA Margin | 15.93% |
| PAT Margin | 7.30% |
| Debt-to-Equity Ratio | 2.20 |
| EPS (Basic) | ₹3.79 |
| NAV | ₹18.19 |
| RoNW | 25.42% |
Sambhv Steel Tubes IPO Lot Size and Investment Limits
For retail investors, here are the application limits:
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Min. | 1 | 182 | ₹14,924 |
| Retail Max. | 13 | 2,366 | ₹1,94,012 |
| S-HNI Min. | 14 | 2,548 | ₹2,08,936 |
| B-HNI Min. | 68 | 12,376 | ₹10,14,832 |
Key Promoters and Business Overview
Promoted by the Goyal family—Brijlal, Suresh Kumar, Vikas Kumar, Sheetal, Shashank, and Rohit—Sambhv Steel Tubes manufactures electric resistance welded (ERW) steel pipes and structural tubes. Its strategically located Chhattisgarh facility allows it easy access to PSU-sourced raw materials like iron ore and coal.
With distribution across 15 Indian states and 1 UT, the company has carved a strong footprint in states like Maharashtra, Gujarat, Haryana, Rajasthan, and Telangana.
Pros and Cons of Sambhv Steel Tubes IPO
Pros:
Consistent financial growth across FY22–FY24.
Strong ROE and RoNW figures indicate efficient use of capital.
Access to cost-effective raw materials from PSU firms.
Robust distribution across industrially active states.
Operates in a sector backed by infrastructure and construction demand.
Cons:
High debt-to-equity ratio at 2.20.
GMP has slightly declined, indicating soft near-term market sentiment.
EPS of ₹3.79 is on the lower side compared to peers.
Sector faces cyclical risks linked to steel prices and economic trends.
Final Take – Should You Apply?
The Sambhv Steel Tubes IPO appears fundamentally strong with consistent revenue growth and healthy profit margins. However, the high debt level and modest EPS warrant a slightly cautious approach. Long-term investors seeking exposure in the steel tubes and infrastructure-linked manufacturing sector may consider applying—especially if the IPO lists closer to the lower price band.
But, remember—as we say in Indian markets—“don’t buy just because GMP is green; buy only if the balance sheet is clean.”
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Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
