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Sambhv Steel Tubes IPO
Sambhv Steel Tubes Ltd
₹14,014 /182 sharesMinimum Investment
Sambhv Steel Tubes IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| BSE | ₹82.00 | ₹110.00 | ₹28.00 (34.15%) |
Sambhv Steel Tubes IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 25 Jun ‘25 - 27 Jun ‘25 | ₹14,014 | 182 | ₹77 - ₹82 |
| Issue Size | IPO Doc |
|---|---|
| 540.00Cr | RHP PDF |
Subscription rate
As of 27 Jun'25, 05:00 PM
| Qualified Institutional Buyers | 62.32x |
| Non-Institutional Investor | 31.79x |
| Retail Individual Investor | 7.73x |
| Employees | 5.26x |
| Total | 28.32x |
About Sambhv Steel Tubes
Founded in
2017
Managing director
Mr. Vikas Kumar Goyal
Parent organisation
Sambhv Steel Tubes Ltd
Sambhv Steel Tubes Ltd IPO
https://www.youtube.com/watch?v=Ku5sLUdFbM4
Strengths & Financials of Sambhv Steel Tubes
Strengths
Risks
FY24, the company claims to operate a backward integrated manufacturing facility for ERW steel pipes and tubes, covering all stages of the production value chain at a single location.
Sambhv Steel Tubes claims that the products manufactured by the company are designed to resist rust and are customised to meet specific market needs. These products are used across various sectors such as housing, infrastructure, water supply, agriculture, automotive, telecommunications, oil and gas, engineering, solar power, fire safety systems, and conveyor support structures.
The company claims to regularly upgrade its machinery to boost productivity and lower costs. The company also claims that the HR mill is equipped with hydraulic automatic gauge control (HAGC) technology, which helps achieve precise control over steel thickness and surface quality. This enables the company to produce narrow-width HR coils with quality comparable to that of primary HR coil manufacturers.
The company’s manufacturing facility is ISO 9001:2015 certified for its quality management systems, ISO 14001:2015 certified for its environmental management systems, ISO 45001:2018 for occupational health and safety, and ISO 50001:2018 certified for its energy management systems. The facility is also certified by Dedal - Attestation and Certification Ltd, Bulgaria, for factory production control and holds EN 10025-1:2004 and EN 10219-1:2006 certifications.
The company claimed to have a total installed capacity of 1,540,000 metric tonnes per annum (MTPA), as of September 20, 20241, up from 122,400 MTPA in FY24, for both intermediate and finished steel products.
In FY24, the company claimed to have 33 unique distributors. Two of these operated through six branches across 15 states and one Union Territory, bringing the total distribution network to 39. These distributors further supply the company's products through a network of over 600 dealers across India.
Over the years, the company has observed a consistent increase in revenue from operations. It increased from Rs 819.35 crore in FY22 to Rs 937.22 crore in FY23 to Rs 1,285.76 crore in FY24.
The top 10 suppliers accounted for Rs 358.95 crore (48.61 percent) of the company’s total cost of raw materials purchased in FY24, Rs 327.70 crore (55.82 percent) in FY23, and Rs 390.01 crore (62.91 percent) in FY22. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company’s revenue is primarily driven by the sale of the finished product -- electric resistance welded (ERW) black pipes and tubes. ERW black pipes and tubes accounted for Rs 928.28 crore (79.12 percent) of the company’s revenue in FY24, Rs 356.94 crore (40.66 percent) in FY23. A decrease in demand for this product or a failure to diversify the product offerings can adversely affect the company’s financial performance and growth prospects.
The company’s manufacturing units and offices are based in Chhattisgarh. Any disruption in the business environment of this region could harm the company’s operations, hurting its revenue.
A major portion of the company’s revenue comes from a limited customer base. The top 10 customers accounted for Rs 636 crore (49.46 percent) of the company’s revenue in FY24, Rs 373.10 crore (39.81 percent) in FY23, and Rs 336.43 crore (41.06 percent) in FY22. Any loss of one or more of these key customers, or a decline in their orders, can hit the company’s finances.
As of FY24, total trade receivables amounted to Rs 94.10 crore. Any failure to collect these receivables on time or at all can negatively impact the company’s business and finances.
The company, its directors and its promoters are involved in ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The total outstanding borrowings as of August 31, 2024, amounted to Rs 536.24 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Sambhv Steel Tubes Financials
*All values are in Rs. Cr
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Application Details of Sambhv Steel Tubes IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹77 - 82 | ₹2 Lakh |
| Employee | ₹73 - 78 | ₹2 Lakh |
| High Networth Individual | ₹77 - 82 | ₹2 - 5 Lakh |
For Sambhv Steel Tubes IPO, eligible investors can apply as Regular & Employee.