Sambhv Steel Tubes IPO fully subscribed on Day 2; check price band, lot size and more

Sambhv Steel Tubes IPO is witnessing robust demand from investors. The mainboard IPO was fully subscribed on Day 2. As of 1:45 pm, ₹540 crore Sambhv Steel Tubes IPO received bids for more than 6.08 crore shares against 4.92 crore shares on offer, leading to an overall subscription of 1.2 times on the second day of bidding.

As per the data available with the stock exchanges, the IPO received bids for more than 2 crore shares from the Non-Intuitional Investors (NIIs) compared to the allocation of 1.04 crore shares. The NIIs subscribed their quota by 1.91 times. The retail portion of the IPO was subscribed 1.3 times, with bids for over 3.19 crore shares against 2.44 crore shares on offer.

The Qualified Institutional Buyers (QIBs) submitted applications for over 84 lakh shares against 1.39 crore shares set aside for the category. The QIBs’ segment was booked 61%.

Sambhv Steel Tubes IPO details

Sambhv Steel Tubes IPO will remain open for subscription till June 27, 2025. After this, 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.

Sambhv Steel Tubes IPO includes both a fresh issue of shares and an offer for sale. The IPO 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 to ₹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.

About Sambhv Steel Tubes

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.

The company produces narrow-width HR coil, which allows the manufacturing of ERW black pipes and tubes of varying thickness as per customer requirements, reducing dependency on external HR coil suppliers and providing a competitive advantage.

The company's rust-resistant products are tailored for wide application across multiple sectors, including housing and infrastructure, water transportation, agriculture, automobiles, telecommunications, oil and gas, engineering, solar energy, and many others.

As of December 31, 2024, the company operates through 37 distinct distributors, with 2 distributors distributing through 6 branches, taking the total distributor network to 43 across 15 states and 1 union territory. These distributors further distribute finished products through over 700 dealers in India.

Financial snapshot

Sambhv Steel Tubes IPO GMP

As reported by CNBCTV18, Sambhv Steel Tubes shares have been quoting a premium of ₹10 to ₹12 in the grey market. This implies a potential gain of about 12 to 13% over the upper end of the price band, the report added.

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.