Sambhv Steel Tubes listing: Sambhv Steel Tubes shares listed with stellar gains on the bourses in Wednesday’s session (July 2, 2025) in an otherwise tepid market. On the BSE, the stock against the issue price of Rs 82, listed at a premium of over 34 per cent at Rs 110.1 per share.

On the NSE, the stock lists at a premium of 34.15 per cent at Rs 110 apiece.

The Rs 540 crore initial public offering (IPO) of the iron and steel products company which opened between June 25- June 27) garnered a decent response with an oversubscription of 28.46 times.  Qualified Institutional Buyers (QIBs) subscribed the most to the issue by as much as 62.32 times, while the non-institutional investor subscription rate was 31.82 times. However, retail category subscription was at the least at 7.99 times.

The issue included a fresh equity share issuance of Rs 440 crore together with an offer for sale (OFS) amounting to Rs 100 crore. 
Pre-listing view

Zee Business Managing Editor Anil Singhvi expected the scrip of Sambhv Steel Tubes to debut in the range of Rs 95-100 as against the issue price of Rs 82. The expert advises short-term investors to keep a stop loss below Rs 90.

He added that the issue got good response, with an oversubscription of 30 times.

About Sambhv Steel

Sambhv Steel Tubes Ltd (SSTL), incorporated in 2017, manufactures Electric Resistance Welded (ERW) steel pipes and structural tubes. With a facility in Sarora, Chhattisgarh, the company ranks among the top in installed capacity and is one of only two Indian firms using narrow-width HR coils for ERW production. Sambhv also operates in the stainless steel coils space, serving diverse sectors like infrastructure, agriculture, automotive, and energy. Its annual sales volume stood at 198,956 metric tonnes as of December 31, 2024.