Sambhv Steel Tubes IPO to Open on June 25
Bengaluru: Sambhv Steel Tubes Limited is set to open its ₹540 crore Initial Public Offering (IPO) on June 25, 2025. The IPO consists of a fresh issue of equity shares worth ₹440 crore and an offer for sale of equity shares worth ₹100 crore by selling shareholders.
IPO Details
- Price Band: ₹77 to ₹82 per equity share of face value of ₹10 each
- Bid Period: June 25, 2025, to June 27, 2025
- Anchor Investor Bidding Date: June 24, 2025
- Minimum Bid: 182 Equity Shares and in multiples of 182 Equity Shares thereafter
Use of Proceeds
The company proposes to utilize the net proceeds from the fresh issue of equity shares towards pre-payment or scheduled repayment of certain outstanding borrowings and balance amount towards general corporate purposes.
Selling Shareholders
The offer for sale comprises equity shares aggregating up to ₹100 crore by Promoter Selling Shareholders Shashank Goyal and Rohit Goyal, ₹35 crore each by Promoter Group Selling Shareholders Kaushlya Goyal and Other Selling Shareholder Rinku Goyal, and ₹10 crore by Promoter Group Selling Shareholder Harsheet Goyal.
Book Running Lead Managers
Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers to the Issue.
Listing
The equity shares are proposed to be listed on BSE Limited and National Stock Exchange of India Limited.
