The IPO of Sambhv Steel Tubes comprises a fresh issue of equity shares valued at INR 440 crore and an offer for sale (OFS) of shares worth INR 100 crore by promoters.

Jan 29, 2025

Sambhv Steel Tubes has received approval from the market regulator, Securities and Exchange Board of India (SEBI), to raise funds via IPO. 

As per the draft papers, the IPO of Sambhv Steel Tubes comprises a fresh issue of equity shares valued at INR 440 crore and an offer for sale (OFS) of shares worth INR 100 crore by promoters.

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Proceeds from the fresh issue will be utilised for payment of debt and for general corporate purposes.