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.
Jun 20, 2025
Sambhv Steel Tubes is set to launch its INR 540 crore IPO, opening the subscription on June 25, 2025 and closing on June 27, 2025. The allotment for the Sambhv Steel Tubes IPO is expected to be finalized on Monday, June 30, 2025. The IPO 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. The funds raised from the new issue will be used to pay off debt and for various corporate needs.
The company has fixed the price band in the range of INR 77 to INR 82 per equity share of the face value of INR 10. Bids can be made for a minimum of 182 equity shares and in multiples thereof.
Also Read: After 18 Months, Nippon Steel Seals US Steel Acquisition for USD 14.9 billion
Approximately 50 percent of the shares are reserved for the qualified institutional buyers (QIB) and the remaining shares have been divided between non-institutional investors (15 percent), and retail investors (35 percent). The employee reservation portion has been allocated equity shares aggregating up to INR 25 million.
