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  5. Sambhv Steel Tubes IPO Day 3: Offer subscribed over 28x on final day; here's how to check allotment

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Sambhv Steel Tubes IPO Day 3: Offer subscribed over 28x on final day; here's how to check allotment

Upstox
By Upstox News Desk

3 min read | Updated on June 27, 2025, 18:07 IST

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SUMMARY

On Friday, as of 5 PM, the ₹540 crore Sambhv Steel Tubes IPO received bids for 1,40,02,38,476 shares compared to 4,92,06,100 shares on offer, leading to an overall subscription of 28.46 times on the third day of bidding.

Sambhv Steel

Sambhv Steel Tubes IPO price band has been set between ₹77 and ₹82 per share.

Sambhv Steel Tubes IPO witnessed a good demand on its final day of bidding.

On Friday, as of 5 PM, the ₹540 crore Sambhv Steel Tubes IPO received bids for 1,40,02,38,476 shares compared to 4,92,06,100 shares on offer, leading to an overall subscription of 28.46 times on the third day of bidding.
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According to NSE data, the portion reserved for the non-institutional investors (NIIs) category was subscribed to 31.82 times, while the retail individual investors (RIIs) category was booked 7.99 times. The portion reserved for qualified institutional buyers, or QIBs, saw a subscription of 62.32 times on Friday.

Also read: Mayasheel Ventures share price: Stock makes solid debut at 23% premium; here's how much investors made per lot

Sambhv Steel Tubes IPO closed for subscription on June 27, 2025. Investors are expected to be updated about the allotment status on Monday, June 30, 2025, while the shares will be listed on the NSE and the BSE on Wednesday, July 2, 2025.)

The initial public offering includes both a fresh issue of shares and an offer for sale. It is a book-building issue, comprising a fresh issue of ₹440 crore and an offer for sale of ₹100 crore.

Sambhv Steel Tubes IPO price band has been set between ₹77 and ₹82 per share. Interested investors can choose a price within this band to apply for the IPO. The minimum lot size for an application is 182 shares, and the investor would have to apply for a minimum of 1 lot.

Incorporated in 2018, Sambhv Steel Tubes Limited is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India. The company operates two manufacturing facilities located in Chhattisgarh.

Also read: Kalpataru IPO allotment date: How to check status online on NSE, BSE, MUFG Intime India; step-by-step guide
How to check allotment status on the BSE website
  • Visit the BSE IPO allotment status page: https://bseindia.com/investors/appli_check.aspx.

  • Select ‘Sambhv Steel Tubes Limited’ as the issue type.

  • From the ‘Issue name’ dropdown menu, select ‘Sambhv Steel Tubes Limited’.

  • Identify yourself using either PAN details or IPO application number.

  • Click on the ‘I’m not a robot’ tab and press the ‘Search’ button to see the allotment details.

How to check allotment status on the NSE website
Sambhv Steel Tubes IPO GMP
As reported by NDTV Profit, Sambhv Steel shares have been quoting a premium of ₹11 in the grey market on Friday. It was ₹10 on Thursday. This indicates a likely listing price of ₹93 per share, the report stated.
Grey market premium (GMP) is a rough indicator of how IPO stock could debut on the listing day. Although grey market trading is not approved by the stock exchanges and SEBI, many investors track GMP before IPO shares are listed on the exchanges. It is important to note that market sentiments and volatility on the listing day can impact the stock’s listing.
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