Sambhv Steel Tubes Share Price Makes Blockbuster Debut with 34% Premium Listing

Market Performance: Strong Debut on Indian Bourses

Sambhv Steel Tubes' share price had an impressive market debut, listing at a 34% premium over its IPO issue price of ₹82.

• NSE Listing Price: ₹110
• BSE Listing Price: ₹110.10

This performance surpassed earlier market estimates, including the grey market premium, which indicated a likely 17% gain.

Main News: Sambhv Steel Tubes Shares Outperform on Listing Day

On its first day of trading, Sambhv Steel Tubes drew strong interest from investors. The significant premium listing reflects robust investor demand and strong fundamentals presented during the IPO phase.

Notably, the grey market premium had forecasted a moderate debut, but the actual performance exceeded those projections substantially.

Company Details: Sambhv Steel Tubes IPO Overview

Sambhv Steel Tubes is the latest entrant in the Indian stock market, attracting attention with a heavily subscribed Initial Public Offering (IPO). Below is a breakdown of key IPO highlights:

• IPO Subscription Window: June 25 – June 27
• IPO Allotment Finalized: June 30
• Shares Credited to Demat Accounts: July 1

IPO Subscription Status (BSE Data):

• Overall Subscription: 28.46 times
• Retail Investors: 7.99 times
• Non-Institutional Investors (NII): 31.82 times
• Qualified Institutional Buyers (QIB): 62.32 times
• Employee Quota: 7.99 times

IPO Financial Structure

The Sambhv Steel Tubes IPO was structured to accommodate various investor categories with a well-divided share allocation model.

• Public Issue Size (Fresh Equity): ₹440 Crore
• Offer for Sale (OFS by Promoters): ₹100 Crore
• Employee Reservation Value: ₹25 million

Allocation Breakdown:

• Qualified Institutional Buyers (QIB): Up to 50%
• Non-Institutional Investors (NII): Not less than 15%
• Retail Investors: Not less than 35%

Nuvama Wealth Management Ltd and Motilal Oswal Investment Advisors Ltd managed the IPO.

Summary of the Article

Sambhv Steel Tubes' share price saw a robust listing at ₹110, reflecting a 34% gain over its issue price. The IPO witnessed strong investor interest, with oversubscription across all categories, particularly in the QIB segment, which saw over 62 times demand. With ₹540 Crore raised through the public issue, the debut signals strong market confidence in the company.

Sambhv Steel Tubes now enters the listed space with momentum, supported by heavy investor traction during the IPO and a well-received listing on the NSE and BSE.