Sambhv Steel Tubes Limited

Initial Public Offering

Service

June 2025

Date

Manufacturing

Sector

INR 5,400 MN

Deal Value

Sambhv Steel Tubes Limited

Nuvama Contribution:

  • As the Left-Lead banker, Nuvama handheld the Company through every stage of the IPO, providing guidance and end-to-end support to ensure smooth and successful closure
  • This is Nuvama’s 8th IPO in the Manufacturing & Infrastructure space closed in the last 9 months
  • With this IPO, Nuvama continues its dominance in taking Manufacturing & Infrastructure Stories to the Indian capital markets and remains a “Banker of Choice” for Manufacturing IPOs^
  • Nuvama mobilized interest from a diverse investor base, including FIIs and Domestic Institutions
  • Pushed the story aggressively through our distribution channel to ensure participation from HNI & Retail category

Company & Deal Details:

  • Sambhv Steel Tubes Limited is one of the key players in the Indian steel industry, specializing in the manufacturing of electric resistance welded steel pipes and structural tubes*
  • Deal saw strong participation across investor categories with an overall subscription@ of 30x  – QIB –  ~66x, HNI – ~34x, Retail – ~8x
  • Company saw stellar IPO Listing with equity shares opening at ~34% premium** showcasing investor confidence in Company’s business and management team


^Since Oct 2024; *In terms of installed capacity as of March 31, 2024;
**NSE Prices are considered on listing day;
@ Before rejections