Sambhv Steel Tubes IPO Day 2: Check GMP, Subscription Status & Key Highlights

The bidding window for Sambhv Steel Tubes Ltd IPO opened yesterday on June 25, 2025, and will close on June 27, 2025. The allotment process is expected to be finalised on June 30, 2025, with the company's shares set to be listed on both the BSE and NSE tentatively on Wednesday, July 3, 2025.

Sambhv Steel Tubes IPO Details

The IPO will be a book-built issue of ₹540 crore, consisting of a combination of a fresh issue of 5.37 crore shares aggregating to ₹440.00 crores and an offer for sale of 1.22 crore shares aggregating to ₹100 crores. Investors can apply with a minimum lot size of 182, requiring a minimum investment of ₹14,014. The issue price band is set in the range of ₹77 to ₹82 per share.

Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the book-running lead managers of the Sambhv Steel Tubes IPO, while Kfin Technologies Limited is the registrar for the issue.

Sambhv Steel Tubes IPO Day 2 Subscription Status

(June 26, 2025, 5 PM)

On Day 2, Sambhv Steel Tubes IPO was subscribed 1.27 times. The public issue subscribed 1.97 times in the retail category, 0.17 times in QIB, and 3.32 times in the NII category.

Also Read : Sambhv Steel Tubes IPO Day 1 Subscription Status

Utilisation of IPO Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• Pre-payment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company.
• General Corporate Purposes.

Sambhv Steel Tubes Ltd. GMP Details

According to NDTV Profit, the Grey Market Premium (GMP) of Sambhv Steel Tubes was ₹10 as of June 26, 2025, 11 a.m. This indicates that the company's shares are likely to be listed at ₹92, with an expected percentage gain/loss per share of 12.20%.