Overview

• The IPO opens for public subscription from June 25 to June 27, comprising a Rs440 crore fresh equity issue and a Rs100 crore offer for sale by promoters
• Shares are priced at Rs77–82 apiece with a minimum application size of 182 shares and a Rs4 discount reserved for eligible employees
• Anchor investors begin bidding on June 24, allotment will be finalised on June 30, refunds and share credits are expected by July 1, and the issue is slated to list on July 2 on both BSE and NSE
• Fifty percent of the net offer is allocated to qualified institutional buyers, 35% to retail investors and 15% to non-institutional bidders
• Sambhv Steel Tubes posted a net profit of Rs82.44 crore and revenue of Rs1,289.38 crore in FY2023–24 and plans to use the IPO proceeds primarily to pare outstanding debt