Sambhv Steel Tubes IPO Allotment: How To Check Your Status Online, Key Dates, And Latest GMP

The allotment for the Sambhv Steel Tubes IPO will be finalized on Monday, June 30, 2025. Investors who applied can check their allotment status online through the official website of the registrar, KFin Technologies Ltd. Additionally, the final bid details will also be available on the websites of the National Stock Exchange (NSE), BSE, and KFin Technologies.

Those who are allotted shares will receive them in their demat accounts by July 1, while refunds for unallotted applicants will also be initiated on the same day. Coming Wednesday, July 2, 2025 is the expected listing date for Sambhv Steel Tubes shares.

How to Check Sambhv Steel Tubes IPO Allotment Status Online?

On KFin Technologies - The Official Registrar:

You can check the allotment status through the registrar's portal, Kfin Technologies, using the link: https://ris.kfintech.com/ipostatus/

Steps to Check on Kfin Technologies Portal:

1. Visit the above link.
2. Select 'Sambhv Steel Tubes Limited' from the drop-down IPO list.
3. Choose any one method to check your status: Application Number, Demat Account Number, or PAN Number.
4. Enter the selected details along with the captcha code.
5. Click 'Submit' to see your allotment status.

On BSE Website:

1. Go to the BSE IPO allotment page: https://www.bseindia.com/investors/appli_check.aspx
2. Select 'Equity' under 'Issue Type'.
3. Choose 'Sambhv Steel Tubes' from the dropdown list.
4. Enter your PAN or application number
5. Click on submit to check the status.

On NSE Website:

1. Visit the NSE IPO section:
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
2. Select 'Equity & SME IPO bid details'
3. From the 'Select Symbol' dropdown, choose 'SAMBHV'
4. Enter your personal details such as PAN and application number
5. Click on the 'Submit' button

Sambhv Steel Tubes IPO Details:

The IPO included a fresh issue of shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore by the company's promoters and promoter group. The price band for the IPO was set between Rs 77 and Rs 82 per share, each with a face value of Rs 10.

It opened for subscription on June 25 and closed on June 27, receiving an overwhelming response from investors. On the final day, the issue was subscribed 30.33 times overall, with strong demand from all categories.

The retail investor segment was subscribed 8.56 times, while the Non-Institutional Investors (NII) portion saw an even higher subscription at 33.88 times. The demand from Qualified Institutional Buyers (QIBs) was the highest, with their portion being subscribed 66.36 times. The employee quota also witnessed healthy participation, being subscribed 5.71 times.

Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the lead managers for the IPO.

Most brokerage firms recommended investors to subscribe to the IPO, especially with a long-term view. Experts pointed out the company's strong product line, expansion plans, and efforts to reduce debt as reasons for its promising future growth.

According to the company's draft papers, the funds raised from the fresh issue will mainly be used to repay existing loans. The rest will be used for general business purposes.

Sambhv Steel Tubes IPO GMP:

As per market sources like Investorgain, the grey market premium (GMP) for Sambhv Steel Tubes is around Rs 14 per share by 2.30 PM, today on June 29. Based on the issue price of Rs 82, this puts the estimated listing price at Rs 96, showing a 17.07% premium.

The GMP trend has been positive in recent days, indicating strong investor interest and a possible solid debut on the stock exchanges.

About The Company:

Founded in 2017, Sambhv Steel Tubes is an Indian manufacturer of ERW steel pipes and structural tubes. Its production facility is located in Sarora, Raipur, Chhattisgarh. The company sources iron ore and coal from major public sector mining companies, with coal mines located just 250 km from its plant.

As of March 31, 2024, Sambhv operates across 15 states and 1 union territory, with a strong presence in key regions like Maharashtra, Gujarat, and Uttar Pradesh. The company's sales team includes 23 members as of July 2024.

A report by Crisil estimates that demand for steel pipes and tubes in India is expected to grow at a 5-6% annual rate, reaching 12.5-13.5 million tonnes per year in FY25, up from 8.8 million tonnes in FY19. This growth is mainly driven by government investments in urban infrastructure and the oil and gas sector.