Sambhv Steel Tubes Ltd IPO
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Sambhv Steel Tubes Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 658.54 L | ₹ 121.95 L | ₹ 229.42 L | ₹ 1,733.56 L | BSE | ₹ 540 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 25 Jun, 25 | 27 Jun, 25 | 182 | ₹ 14,014 | Book Building | 02 Jul, 25 |
Sambhv Steel Tubes Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Steel - Medium |
| Sub Sector | Small |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 26.54x | 32774390 | 869984024 |
| NII | 33.89x | 9832317 | 333174478 |
| Retail | 8.51x | 22942073 | 195263978 |
| Employee | 6x | 304878 | 1829828 |
| Total | 21.26x | 65853658 | 1400252308 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Sambhv Steel Tubes Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 1,285.76 | 937.22 | 106.80 |
| EBITDA | 152.59 | 113.42 | 116.92 |
| PAT | 82.44 | 60.38 | 72.11 |
| Total Assets | 316.65 | 207.20 | 189.32 |
| Share Capital | 241.00 | 20.09 | 20.09 |
| Total Borrowings | 307.50 | 263.10 | 258.62 |
| Operating Activities (Net Cash) | 103.35 | 76.53 | 82.23 |
| Investing Activities (Net Cash) | -215.61 | -21.51 | -16.70 |
| Financing Activities (Net Cash) | 307.50 | 263.10 | 258.62 |
| Net Cashflow | 42.99 | 7.70 | 8.39 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Sambhv Steel Tubes Ltd
Our Company was originally incorporated on April 24, 2017 at Chhattisgarh, India as `Sambhv Sponge Power Private Limited', a private limited company under the Companies Act, 2013 and was granted a certificate of incorporation by the Registrar of Companies, Central Registration Centre on April 25, 2017. Subsequently, the name of our Company was changed to `Sambhv Steel Tubes Private Limited' pursuant to a special resolution adopted by our Shareholders on January 16, 2024 to more accurately reflect the nature of business of our Company, and a fresh certificate of incorporation consequent upon change of name was issued to our Company by the Registrar of Companies, Central Processing Centre on February 22, 2024. Our Company was then converted into a public limited company under the Companies Act, 2013 pursuant to a special resolution adopted by our Shareholders on April 24, 2024, consequent to which, the name of our Company was changed to `Sambhv Steel Tubes Limited' and a fresh certificate of incorporation, consequent upon change of name, was issued to our Company by the Registrar of Companies, Central Processing Centre on July 9, 2024.
According to the CRISIL Report, the demand for domestic steel pipes and tubes is expected to have grown at a CAGR of 5-6% during Fiscals 2019-2025 to rise from 8.8 MTPA in Fiscal 2019 to 12.50-13.50 MTPA in Fiscal 2025, led by government initiatives to augment urban structural infrastructure and to infuse investments in the oil and gas sector. Going forward, domestic steel pipe demand is projected to increase to 18.50-20.50 MTPA in Fiscal 2029 at a 8-9% CAGR during the period between Fiscal 2025 and Fiscal 2029 on a high base.
According to the CRISIL Report, we are one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity as of March 31, 2024. According to the CRISIL Report, we are one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coil, as of December 31, 2024. According to the CRISIL Report, we have a market share of approximately 2.00% in domestic ERW pipe segment as of fiscal 2024 (in terms of sales volume).
Peer Comparison:
- Sambhv Steel Tubes Limited
- APL Apollo Tubes Limited
- Hariom Pipes Industries Limited
- Hi-Tech Pipes Limited
- JTL Industries Limited
- Rama Steel Tubes Limited
- Surya Roshni Limited
Sambhv Steel Tubes Ltd IPO Key Points
Strengths
- Backward integrated facility in India.
- Strategically located manufacturing plants resulting in operational efficiencies.
- Strong process innovation and execution capabilities allowing us to produce value-added products.
- Widespread, well connected distribution network across India.
- Well-positioned to take advantage of the growing demand for quality ERW steel pipes and tubes.
Risk
- Under-utilization of its manufacturing capacities and an inability to effectively utilize the company expanded manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.
- An increase in the cost of or a shortfall in the availability of its key raw materials such as iron ore, coal, iron ore pellets, sponge iron and mild steel scrap from its suppliers could have a material adverse effect on its business, results of operations, profitability and margins, cash flows and financial condition.
- The company depends on certain key suppliers for certain raw materials and have not entered into definitive supply agreements with most of its suppliers. A failures by its suppliers to meet their obligations may affect the availability and cost of raw materials, which may adversely affect its business, results of operations, profitability and margins, cash flows and financial condition. Further volatility in the raw material prices and its inability to pass on the increase in cost of raw materials to the customers may impact its results of operations, profitability and margins.
Strategy
- Production capacity expansion with focus on valued added products.
- Expanding our distributor network and increasing business share from existing distributors and direct customers.
- Continue to focus on value added products and customization.
- Continue to focus on operational and cost optimization.
- Continue our emphasis on brand building.
- Backward integrated facility in India.
- Strategically located manufacturing plants resulting in operational efficiencies.
- Strong process innovation and execution capabilities allowing us to produce value-added products.
- Widespread, well connected distribution network across India.
- Well-positioned to take advantage of the growing demand for quality ERW steel pipes and tubes.
How To Apply for Sambhv Steel Tubes Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
