Sambhv Steel Tubes IPO Day 3: Check GMP, Subscription Status & Key Highlights
The bidding window for Sambhv Steel Tubes Ltd IPO closes today, 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 a combination of fresh issue of 5.37 crore shares aggregating to ₹440.00 crores and offer for sale of 1.22 crore shares aggregating to ₹100.00 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, 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 3 Subscription Status
(June 27, 2025, 10:15 AM)
On Day 3, Sambhv Steel Tubes IPO saw a subscription rate of 1.56 times. The public issue was subscribed 2.23 times in the retail category, 0.17 times in QIB, and 4.64 times in the NII category.
|
IPO Day |
QIB |
NII |
Retail |
Total |
|
Day 1 |
0.16 |
0.73 |
0.61 |
0.41 |
|
Day 2 |
0.17 |
3.32 |
1.97 |
1.27 |
Also Read : Sambhv Steel Tubes IPO Day 1 Subscription Status,Sambhv Steel Tubes IPO Day 2 Subscription Status
Utilization of IPO Proceeds
The company will utilise the net proceeds from the issue towards the following objects:
- Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company.
- General Corporate Purposes.
Sambhv Steel Tubes Ltd. GMP Details
According to Livemint, the Grey Market Premium (GMP) of Sambhv Steel Tubes was ₹11 as of June 27, 2025, 09:16 a.m. This indicates that the company's shares are likely to be listed at ₹93, with an expected percentage gain/loss per share of 13.41%.
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Source: Livemint Media Report dated June 27, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Sambhv Steel Tubes Ltd. Business Overview
Sambhv Steel Tubes Limited, incorporated in 2017 and headquartered in Raipur, Chhattisgarh, is a leading manufacturer of Electric Resistance Welded (ERW) steel pipes and structural hollow tubes.
It serves diverse end-use industries, including infrastructure, housing, water transportation, agriculture, oil & gas, telecom, solar, automotive, and fire-safety. Financially, the company reported ₹1,285.8 Cr in revenue for FY 2024.
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