Sambhv Steel Tubes Ltd

The company reported a 50% year-on-year increase in total sales volume, reaching 92,706 tons in Q1 FY26 compared to 61,908 tons in the same period last year. This growth was largely driven by strong performance in intermediate products and the introduction of new value-added segments. Value Added Products contributed 79,717 tons to the overall volume, up 47% from a year ago. While sales of structural pipes and tubes dipped to 50,294 tons (from 54,267 tons), the decline was offset by fresh contributions from Pre-Galvanised (GP) Coils and Pipes at 19,984 tons and Stainless Steel Coils at 9,439 tons. The Intermediate Products segment delivered a sharp 70% jump in volumes, reaching 12,989 tons compared to 7,641 tons in Q1 FY25. On the financial front, the company declared its Q1 results on 14 July 2025. Net profit rose 45.15% quarter-on-quarter to Rs 16.46 crore, while net sales jumped 34.20% to Rs 495.26 crore. Profit before tax (PBT) came in at Rs 22.36 crore, up 41.52% from the March quarter. However, on a year-on-year basis, net profit declined 3.69% and PBT fell 4.81%, even as net sales grew 38.35% over Q1 FY25. Sambhv Steel Tubes is a key player in India's ERW steel pipes and structural tubes market, offering a diverse portfolio of in-house manufactured steel products. Shares of Sambhv Steel Tubes made a strong debut on the bourses on 2 July 2025, listing at Rs 110.10, a 34.26% premium over the issue price of Rs 82. The company's initial public offer (IPO) received an enthusiastic response, with the issue being subscribed 28.46 times. The IPO was open for bidding from 25 June to 27 June 2025, with a price band set at Rs 77 to Rs 82 per share. Powered by Capital Market - Live

Sambhv Steel Tubes will hold a meeting of the Board of Directors of the Company on 14 July 2025.Powered by Capital Market - Live

The scrip was listed at Rs 110.10, exhibiting a premium of 34.27% to the issue price. So far, the stock has hit a high of 110.89 and a low of 96.17. On the BSE, over 51.41 lakh shares of the company were traded in the counter so far. The initial public offer of Sambhv Steel Tubes received was subscribed 28.46 times. The issue opened for bidding on 25 June 2025 and it closed on 27 June 2025. The price band of the IPO is fixed between Rs 77 and 82 per share. The offer comprised fresh issue of up to 5,36,58,537 equity shares at the upper price band of Rs 82 and 57142857 equity shares at the lower price band of Rs 77 aggregating Rs 440 crore and an offer for sale up to 1,21,95,122 equity shares crore at the upper price band of Rs 82 and 1,29,87,013 equity shares crore at the lower price band of Rs 77 aggregating Rs 100 crore. The company proposes to utilized the net proceeds from the issue towards pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company amounting Rs 390 crore and the balance towards general corporate purposes. As of April 30, 2025, the total outstanding borrowings of the company are Rs 554.585 crore including Rs 549.058 crore of fund based borrowings and Rs 5.527 crore of non-fund borrowings. Sambhv Steel is 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. It primarily manufactures value added products such as pre-galvanized (GP) coils, GP pipes, Stainless steel (SS) HRAP (hot rolled annealed and pickled) coils, SS cold rolled (CR) coils at the Kuthrel facility. The company has installed a captive power plant which, as of March 31, 2025, operates with an installed capacity of 25 MW (comprising a 16 MW waste heat recovery boiler (WHRB) and nine MW atmospheric fluidized bed combustion (AFBC) system) that provides a localized source of power to its Sarora facility. Ahead of the IPO, Sambhav Steel Tubes on Tuesday, 24 June 2025, raised Rs 161.24 crore from anchor investors. The board allotted 1.96 crore shares at Rs 82 each to 19 anchor investors. The firm reported a standalone net profit of Rs 40.69 crore and a total income of Rs 1,016.09 crore for the nine months ended on 31 December 2024.Powered by Capital Market - Live