Overview

• Sambhv Steel Tubes’ ₹540 crore offer comprises a ₹440 crore fresh issue and a ₹100 crore offer-for-sale at a ₹77–82 price band with 182-share lots.
• On June 24, 19 anchor investors subscribed to 1.96 crore shares at ₹82 each, raising ₹161 crore led by WhiteOak Capital and Motilal Oswal.
• As of June 26, the IPO has drawn 0.54 times subscriptions overall, with retail and non-institutional bids outpacing qualified institutional demand.
• The grey market premium has risen to ₹10–12 per share, implying potential listing prices above the upper band.
• Sambhv Steel Tubes reported FY24 revenue of ₹1,289.38 crore and net profit of ₹82.44 crore, with proceeds earmarked for debt repayment and corporate needs ahead of listing.