Sambhv Steel Tubes Limited
Minimum investment
Bidding date
25 Jun - 27 Jun 2025
Price range
—
Minimum quantity
182
Minimum investment
₹14,014
Issue size
—
IPO doc (link)
RHP docsListing exchange
NSE/BSE
Sambhv Steel Tubes Limited, incorporated in 2017, is a leading manufacturer of Electric Resistance Welded (ERW) steel pipes and structural tubes in India. The company operates from a strategically located manufacturing facility in Sarora, Tehsil Tilda, Raipur, Chhattisgarh, benefiting from proximity to key raw materials like iron ore and coal sourced from Navratna and Maharatna PSU mines.
The company has built a widespread distribution network covering 15 states and 1 union territory, enabling strong market access and delivery efficiency. Their product portfolio includes sponge iron, blooms/slabs, narrow-width HR coils, and GI pipes, catering to a wide spectrum of industrial and infrastructure requirements. As of December 2024, Sambhv has demonstrated consistent financial performance and strong operational capabilities, positioning itself well in the growing Indian steel market.
Backward Integrated Plant: Reduces raw material dependency and ensures margin stability.
Financial Performance: ROE of 25.42%, PAT 82.44 Cr in FY24, strong EBITDA and asset growth.
Well-Positioned Distribution Network: Coverage in major industrial states like Maharashtra, Gujarat, Haryana, and UP.
Innovation Focus: Capability to produce value-added steel products using efficient processes.
Proximity to Raw Material: Located near high-producing coal and iron mines logistical cost advantage.
Raw Material Volatility: Prices of iron ore and coal are market-linked and could impact margins.
Highly Competitive Industry: Steel pipe and tube manufacturing faces competition from both domestic and global players.
Client Concentration: Any slowdown in infra or government spending may affect volumes.
Debt Position: As of Dec 2024, borrowings were ?619.15 Cr though post-IPO it is expected to decline with repayment from proceeds.
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