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Sambhv Steel Tubes' Rs 540 crore IPO allotment status is expected soon. The IPO witnessed strong subscription, over 30 times. QIB portion was subscribed massively. Refunds for unallotted shares will be processed soon. Shares will be credited to demat accounts shortly. The listing is scheduled for July 2, 2025. Investors are keenly awaiting the debut, given the company's financials. View More
The allotment status for Sambhv Steel Tubes Rs 540 crore IPO is expected to be finalized today. The IPO, which was open from June 25 to June 27, drew robust investor interest, getting subscribed 30.33 times overall. The listing is expected on Wednesday. The IPO comprised a fresh issue of Rs 440 crore and an offer for sale of Rs 100 crore, with the shares priced at Rs 82 each. Subscription details As per exchange data, the Qualified Institutional Buyer (QIB) segment was subscribed a massive 66.36 times, while Non-Institutional Investors (NII) subscribed 33.88 times, and the retail category received 8.56 times the allocated shares. The company also raised Rs 161.25 crore from anchor investors a day before the IPO opened. How to Check Sambhv Steel Tubes IPO allotment status : Investors can check their application status through the following two official methods: Live Events Via Registrar’s Website (KFin Technologies): Go to: https://ris.kfintech.com/ipostatus/ Select "Sambhv Steel Tubes Limited" from the dropdown Enter one of the following: PAN / Application Number / DP Client ID Click "Search" to view your allotment status Via BSE Website: Go to: https://www.bseindia.com/investors/appli_check.aspx Select "Equity" under issue type Select "Sambhv Steel Tubes Limited" from the dropdown Enter PAN and application number Click "Search" to know your status The refunds for unallotted shares will be processed on July 1 and the shares will be credited to demat accounts on July 1. The Listing is scheduled on Wednesday, July 2, 2025 About the Company Sambhv Steel Tubes, incorporated in 2017, manufactures ERW steel pipes and structural tubes from its backward-integrated facility in Chhattisgarh. It serves various infrastructure, construction, and industrial sectors across 15 Indian states and one union territory. Backed by strong fundamentals and a track record of steady financial performance, Sambhv reported a profit after tax of Rs 82.44 crore in FY24 and holds a market capitalisation of Rs 2,416 crore at the issue price. With strong subscription data and steady financials, investors will closely watch its debut on July 2. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)