# Sambhv Steel Tubes IPO 2025: Your No-Nonsense Guide

Thinking of applying to the **[Sambhv Steel Tubes IPO](https://www.finowings.com/IPO/sambhv-steel-tubes-ipo)**? This concise, jargon-free overview covers everything you need—dates, price band, **Sambhv Steel Tubes IPO GMP**, company background, key financials, peer comparison, application steps, strengths, risks and FAQs.

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## Quick Highlights

- **Issue Size:** ₹540 Cr
- Fresh Issue: ₹440 Cr
- Offer For Sale: ₹100 Cr
- **IPO Dates:** June 25–27, 2025
- **Price Band:** ₹77–₹82 per share
- **Lot Size:** 150 shares (or broker-specified multiple)
- **Expected Listing:** July 2, 2025 on BSE & NSE
- **Grey Market Premium (GMP):** ₹8 (strong **Sambhv Steel Tubes IPO GMP** indicates healthy demand)

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## About Sambhv Steel Tubes Limited

- **Origins:** Started as Sambhv Sponge Power Pvt. Ltd. in Raipur, Chhattisgarh
- **Business Model:** Integrated steel-tube manufacturer covering
- Sponge iron production
- Blooms & slabs processing
- Narrow-width HR coils for ERW pipes
- Galvanized Iron (GI) pipes & tubes
- **Subsidiary:** Sambhv Tubes Pvt. Ltd. for higher-margin pipe products
- **Use of IPO Proceeds:** Expand production capacity, reduce debt, support general corporate needs

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## Key Products

- **Sponge Iron** – feedstock for crude steel
- **Blooms & Slabs** – semi-finished steel billets
- **Narrow-Width HR Coils** – in-house and external sales
- **GI Pipes & Tubes** – distribution to manufacturers, government and retail

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## Financial Snapshot (₹ Cr)

- **Total Assets**
- Mar 2024: ₹940 → Dec 2024: ₹1,411
- **Revenue**
- Mar 2024: ₹1,289 → Dec 2024: ₹1,019
- **Profit After Tax (PAT)**
- Mar 2024: ₹82 → Dec 2024: ₹41
- **Net Worth**
- Mar 2024: ₹438 → Dec 2024: ₹478
- **Borrowings**
- Mar 2024: ₹347 → Dec 2024: ₹619

Rapid asset growth reflects capacity expansion; seasonal PAT dip is typical in project-based cycles.

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## Price Band & GMP

- **Price Band:** ₹77–₹82 per share
- **Grey Market Premium:** ₹8
- **Implied Listing Estimate:** ~₹90 (≈10% upside)

The ₹8 **[Sambhv Steel Tubes IPO GMP](https://www.finowings.com/IPO/sambhv-steel-tubes-ipo)** suggests solid pre-listing confidence, with fair valuation and predictable upside.

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## How to Apply

1. **Demat Ready:** Ensure your account is active and linked.
2. **Place Bid:** Select the IPO, choose 150-share lots (or multiple), bid ₹77–₹82.
3. **Payment:** Complete via UPI or net banking upon confirmation.
4. **Allotment Check:** Around June 30, 2025 on the registrar’s portal.
5. **Listing Day:** Monitor your holdings on July 2, 2025, on BSE & NSE.

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## Peer Comparison (P/E Ratios)

- **[Sambhv Steel Tubes IPO GMP](https://www.finowings.com/IPO/sambhv-steel-tubes-ipo):** 21.6×
- **APL Apollo Tubes:** 68.5×
- **Hariom Pipes:** 21.2×
- **Hi-Tech Pipes:** 35.5×
- **JTL Industries:** 10.2×
- **Rama Steel Tubes:** 24.3×
- **Industry Avg:** 38.3×

At ~21.6×, Sambhv trades well below the sector average, indicating relative undervaluation.

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## Strengths & Risks

**Strengths**
- End-to-end integration ensures quality control
- Robust ₹8,929 Cr order book for visibility
- Subsidiary-driven growth in higher-margin segments
- Positive SMP signal (GMP ₹8)

**Risks**
- Steel-price volatility can squeeze margins
- High post-IPO leverage needs careful monitoring
- Execution delays may impact project cash flows
- No secondary-market track record

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## FAQs

**Q: What is the Sambhv Steel Tubes IPO GMP?**
A: ₹8.

**Q: When can I apply?**
A: June 25–27, 2025.

**Q: What is the price band?**
A: ₹77–₹82 per share.

**Q: How large is the issue?**
A: ₹540 Cr.

**Q: When will it list?**
A: July 2, 2025, on BSE & NSE.