Sambhv Steel Tubes
Book Building issueMainboardNSE₹540 Cr issue
+34.27%
Listing gain over issue price
Issue size
₹540 Cr
1 lot at cut-off
₹14,924
Lot size
182shares
Open
25 Jun 2025
Close
27 Jun 2025
Allotment
30 Jun 2025
Listing
02 Jul 2025
Listing performance
Issue price
₹82
Listed at
₹110.10
Listing-day close
₹97.59
Latest price
₹157.23
Close on 23 Oct 2026
Listing gain
+34.27%
Return since issue
+91.74%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 25 Jun 2025 – 27 Jun 2025
- Listing date
- 02 Jul 2025
- Face value
- ₹10 per share
- Issue price
- ₹82 per share
- Lot size
- 182 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹540 Cr
- Market cap at offer price
- ₹2,416 Cr
- Promoter holding
- 71.90% → 57.40% pre-issue → post-issue
- ISIN
- INE12NJ01018
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Nuvama Wealth Management Ltd.
- Registered office
- Office No.501 to 511, Harshit Corporate, Amanaka, Chhattisgarh
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 1,96,64,633 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 182 shares per lot, in multiples, at ₹82
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 182 | ₹14,924 |
| Retail (max) | 13 | 2,366 | ₹1,94,012 |
| S-HNI (min) | 14 | 2,548 | ₹2,08,936 |
| S-HNI (max) | 67 | 12,194 | ₹9,99,908 |
| B-HNI (min) | 68 | 12,376 | ₹10,14,832 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
1,96,64,633
Anchor portion
₹161 Cr
at ₹82 per share
Valuation and performance
Valuation at offer price
₹82 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 3.42 | 1.84 |
| P/E (×) | 23.98 | 44.57 |
| Price to book (×) | 4.51 | — |
| Market cap | — | ₹2,416 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 25.42%
- ROCE
- 17.66%
- Debt / equity
- 0.80
- PAT margin
- 6.41%
- EBITDA margin
- 12.43%
- NAV per share
- ₹18.19
- Price to book
- 4.51
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Sambhv Steel Tubes
Sambhv Steel Tubes Limited, formerly Sambhv Sponge Power Private Limited, is a steel manufacturer incorporated in 2017 and based in Raipur, Chhattisgarh, India. The company operates manufacturing facilities at Sarora (Tilda) in Raipur with installed capacity of 1,540,000 MTPA as of March 31, 2025, and Kuthrel Facility with 158,000 MTPA. According to the CRISIL Report, the company is one of the key manufacturers of ERW steel pipes and structural tubes in India by installed capacity and one of two players manufacturing ERW steel pipes using narrow-width HR coil. The company manufactures sponge iron, blooms/slabs, HR coils, ERW black pipes and tubes, GI pipes, and more recently stainless steel products. Revenue from operations was ₹10,160.92 million for the nine-month period ended December 31, 2024. The company makes money through the sale of steel pipes, tubes, and intermediate products.
Company Analysis
from RHPSambhv Steel Tubes Limited manufactures electric resistance welded (ERW) steel pipes, structural tubes, and related steel products across the specialty steel and metal pipes industries.
Sambhv Steel Tubes Limited, formerly Sambhv Sponge Power Private Limited, is a steel manufacturer incorporated in 2017 and based in Raipur, Chhattisgarh, India. The company operates manufacturing facilities at Sarora (Tilda) in Raipur with installed capacity of 1,540,000 MTPA as of March 31, 2025, and Kuthrel Facility with 158,000 MTPA. According to the CRISIL Report, the company is one of the key manufacturers of ERW steel pipes and structural tubes in India by installed capacity and one of two players manufacturing ERW steel pipes using narrow-width HR coil. The company manufactures sponge iron, blooms/slabs, HR coils, ERW black pipes and tubes, GI pipes, and more recently stainless steel products. Revenue from operations was ₹10,160.92 million for the nine-month period ended December 31, 2024. The company makes money through the sale of steel pipes, tubes, and intermediate products.
steel pipes and tubesspecialty steelmetal pipesstructural steel
Objects of the Issue
- Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company ₹3,900.00 million p.22
- General corporate purposes p.22
- Repayment of borrowings ₹672.22 million p.94
- Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company ₹ 3,900.00 million p.160
- General corporate purposes p.168
- Funding capex for expansion and other general corporate purposes ₹4,400.00 million (Fresh Issue component) p.526
Issue Structure
- Total Issue
- Up to ₹5,400.00 million
- Fresh Issue
- Up to ₹4,400.00 million (Equity Shares of face value of ₹10 each)
- Offer for Sale
- Up to ₹1,000.00 million (Equity Shares of face value of ₹10 each) comprising: Shashank Goyal ₹100.00 million, Rohit Goyal ₹100.00 million, Kaushlya Goyal ₹350.00 million, Harsheet Goyal ₹100.00 million, Rinku Goyal ₹350.00 million
- Price Band
- [●] per Equity Share (Floor Price ₹[●], Cap Price ₹[●])
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹10 per Equity Share
Business Model
The company manufactures and sells electric resistance welded (ERW) steel pipes, structural tubes (hollow section), and related steel products including sponge iron, blooms/slabs, and HR coils. It generates revenue through the sale of finished products and intermediate products to customers in infrastructure, automotive, and industrial sectors.
Business Segments
Manufacture of sponge iron used as raw material for steel production
Manufacture of blooms and slabs, intermediate steel products
Manufacture of hot rolled coils
Manufacture of electric resistance welded black pipes and tubes (hollow section)
Manufacture of galvanized iron pipes
Manufacture of stainless steel coils, narrow width HR coils, GP pipes and related products
Manufacture and sale of blooms and slabs (mild steel and stainless steel)
Manufacture and sale of hot rolled coils (mild steel)
Manufacture and sale of sponge iron
Manufacture and sale of ERW black pipes and tubes (hollow section)
Manufacture and sale of galvanized iron pipes
Manufacture and sale of steel door frames
Manufacture and sale of cold rolled stainless steel coils
Manufacture and sale of pre-galvanized pipes
Production and sale of sponge iron
Production and sale of blooms and slabs
Production and sale of hot rolled coils
Production and sale of electric resistance welded pipes and tubes
Production and sale of galvanized pipes
Production and sale of stainless steel coils, narrow width HR coils (stainless steel), and GP pipes
Direct reduced iron (DRI) production, a key raw material used in induction furnace and electric arc furnace routes for steel manufacturing
Semi-finished steel products with square or rectangular cross-section, produced through melting and casting, rolled into long and flat finished products
HR coil manufacturing involves deforming blooms/slabs at high temperature with roll pressure, with narrow-width HR coils used to manufacture ERW black pipes and tubes
Electric resistance welded pipes and tubes manufactured by rolling HR coils and welding them longitudinally, used in transportation of water, oil, gas and chemicals, and manufacturing fencing and scaffolding
Galvanized iron pipes manufactured by coating a protective layer of zinc on ERW black pipes through hot dipping process, used for water supply and irrigation systems
Stainless steel hot rolled annealed and pickled (HRAP) coils and cold rolled (CR) coils for construction, medical equipment, and consumer applications
Pre-galvanized pipes manufactured by welding GP coils
Narrow-width stainless steel hot rolled coils for specialized applications
Manufactured by rolling HR coils and welding longitudinally through electric resistance process. Sold primarily to distributors and through them to OEMs, governmental entities, infrastructure companies, and agricultural equipment manufacturers.
Refined form of iron ore with metallic content of 80-88%, produced through direct reduction process. Primarily used captively for manufacturing crude steel (blooms/slabs) and as substitute for scrap.
Semi-finished steel products with square or rectangular cross-section produced through melting and casting. Majority used captively for manufacturing narrow-width HR coils; some sold to other steel product manufacturers.
Narrow-width hot rolled coils manufactured through deformation at high temperature using HAGC technology. Majority used captively for ERW pipe manufacturing; also sold to other manufacturers as raw material.
Manufactured by coating protective layer of zinc on ERW black pipes through hot dipping process. Sold primarily to distributors and directly to government projects and various consumers.
Manufactured by rolling galvanized coils and welding through electric resistance process. Used for telecommunications, infrastructure, construction, firefighting systems, irrigation systems, and coastal region applications.
HRAP coils processed through cold rolling. Sold majorly to stainless steel pipe manufacturers and utensil makers.
Cold rolled coils used for manufacturing CRFH pipes and GP coils. CRFH pipes used in furniture industry and industrial machinery components.
Manufacturing of sponge iron products
Manufacturing of blooms and slabs
Manufacturing of hot rolled coil products
Manufacturing of electrically resistance welded black pipes and tubes
Generation of captive power for company operations
Manufacture of Electric Resistance Welded black pipes and tubes for industrial applications
Production of semi-finished steel products (blooms and slabs) for further processing
Manufacture of Galvanized Iron pipes
Production of hot-rolled coil products
Manufacturing and sale of ERW black pipes and tubes (hollow section), GI pipes, blooms/slabs, HR coil and other steel products with integrated backward production of sponge iron and intermediate products
Production of electric resistance welded pipes
Production of galvanized iron pipes
SWOT Analysis
Strengths
- • Significant captive power generation capacity(p.57)
- • Dominant market position in domestic ERW pipe segment(p.66)
- • Expanded installed capacity across multiple product lines(p.72)
- • Diversified distributor network across India(p.59)
- • Quality certifications and accreditations(p.97)
- • Strategic location in Chhattisgarh with mineral-rich region(p.66)
- • Backward integrated facility with strategic plant locations(p.172)
- • Strong process innovation and value-added product capability(p.172)
- • Extensive distribution network across India(p.172)
- • Experienced promoters and management team(p.172)
- • Track record of healthy financial performance(p.172)
- • Strong gross profit margins and EBITDA generation(p.175)
- • Only single-location backward integrated ERW pipes manufacturer in India with in-house narrow-width HR coil production(p.266)
- • Superior EBITDA and PAT margins vs. peer set average across all fiscals(p.277)
- • Strategic location with proximity to high-grade iron ore and coal suppliers; efficient logistics hub position(p.267)
- • Long-term coal supply agreement with Maharatna PSU ensuring stable, affordable supply(p.267)
- • Established distribution network of 700+ dealers across 15 states and one union territory(p.267)
- • Cost-effective captive power generation using waste heat recovery and by-products(p.266)
- • Demonstrated strong financial performance with healthy revenue growth and profitability(p.281)
- • Integrated steel manufacturing with diverse product range(p.364)
- • Experienced management team with 20+ years in steel industry(p.325)
- • Subsidiary acquisition for geographic expansion(p.329)
- • Established manufacturing facilities and capital assets(p.359)
- • Diversified product portfolio including ERW black pipes, blooms/slabs, GI pipes, and HR coils(p.409)
- • Significant property, plant and equipment base enabling production capacity(p.389)
- • Strong revenue growth trajectory year-over-year(p.409)
- • Profitable operations with improving profit margins(p.413)
- • Established banking relationships with multiple lenders(p.403)
- • Strategic location with proximity to key raw material suppliers (Navratna PSU iron ore and Maharatna PSU coal)(p.449)
- • Backward integration capabilities enabling in-house production of intermediate and finished products(p.449)
- • No audit qualifications in financial statements across multiple years(p.439)
- • Access to highest grade iron ore (DRCLO grade) enabling product quality advantage(p.449)
- • Risk management framework with Board oversight and disciplined control environment(p.484)
- • Credit risk management policies and systems to limit non-performance losses(p.484)
- • Conservative liquidity management approach ensuring sufficient cash to meet obligations(p.485)
Weaknesses
- • High dependence on few top distributors(p.62)
- • Significant related party transactions(p.75)
- • Substantial debt with personal guarantees from promoters(p.100)
- • High attrition rate among workforce(p.88)
- • Delays in statutory dues payments(p.67)
- • Pending regulatory approvals(p.90)
- • Negative operating cash flows in recent period(p.99)
- • High leverage with significant debt burden(p.175)
- • Concentrated customer base dependency(p.112)
- • Limited production capacity and geographic concentration(p.112)
- • Declining profitability in recent period(p.175)
- • Negative operating cash flow in recent period(p.175)
- • EBITDA and PAT margins declined from FY2022 highs and remain rangebound in FY2023-2024(p.268)
- • Working capital efficiency has not recovered to FY2022 levels despite FY2024 improvement(p.269)
- • Negative operating cash flow in 9M FY2025 signals liquidity management challenges(p.281)
- • High debt-to-EBITDA ratio of 5.84x in 9M FY2025, up from 2.19x in FY2024(p.276)
- • Significant capex required for greenfield Kesda facility expansion(p.282)
- • Subsidiary with negative net worth(p.321)
- • Subsidiary generating zero revenue(p.321)
- • High promoter personal guarantees on borrowings(p.322)
- • Significant capital work-in-progress commitments(p.359)
- • Audit trail system not fully enabled at database level(p.356)
- • High leverage with gearing ratio of 130.16% at December 31, 2024(p.419)
- • Significant dependence on related party transactions for supplies and services(p.415)
- • Heavy reliance on personal guarantees from promoters and family members for all major borrowings(p.401)
- • Floating rate borrowings expose the company to interest rate risk(p.426)
- • Concentration of shareholding among family members(p.398)
- • Dependence on limited supplier base for raw materials without long-term contracts(p.450)
- • Heavy reliance on distributor network with concentration risk(p.451)
- • Declining profitability and return on capital metrics(p.454)
- • Worsening current ratio indicating potential liquidity challenges(p.455)
- • High inventory days and working capital cycle extending(p.456)
- • Dependence on certain key distributors and direct customers for significant revenue portion(p.486)
- • High total borrowing relative to shareholders' funds at 129.41%(p.487)
- • Restrictive covenants in borrowing arrangements limiting business flexibility(p.489)
- • Pending criminal proceedings involving Executive Director for alleged child labour(p.493)
Opportunities
- • Expansion into coastal and southern states(p.60)
- • International market expansion(p.60)
- • New greenfield facility in Kesda(p.73)
- • Growth in value-added products(p.73)
- • Increased demand from construction and infrastructure sectors(p.62)
- • Growing demand for quality ERW steel pipes and tubes(p.172)
- • Benefits of listing and market visibility(p.159)
- • Capacity expansion completed with new facilities(p.164)
- • Improved access to capital for business development(p.161)
- • Domestic steel pipe demand projected to grow 8-9% CAGR through FY2029 to 18-20 MTPA(p.280)
- • Government schemes (Jal Jeevan Mission, Har Ghar Nal Yojana) driving water/irrigation pipe demand(p.268)
- • Stainless steel segment offering high-growth opportunity with 7-9% expected CAGR over next 5 years(p.268)
- • Government 'Amrit Bharat Station Scheme' redeveloping 1,275 railway stations creating 500-3,000 tons pipes/tubes per station opportunity(p.280)
- • Expanding international export markets for ERW pipes and GI/GP pipes with higher margins(p.268)
- • Opportunity to expand distributor network in coastal and underserved states for GP pipes(p.283)
- • Expansion through acquisition strategy(p.329)
- • Leveraging established brand through trademark licensing(p.321)
- • Associate company investment in renewable energy(p.358)
- • Expansion through capacity additions and capital work-in-progress(p.391)
- • Geographic diversification with export revenue generation(p.409)
- • Investment in associate company (Clean Max Opia Private Limited) for growth opportunities(p.413)
- • Acquisition of Sambhv Tubes Private Limited to expand operations(p.434)
- • Growing trade receivables indicating increased customer base and market penetration(p.395)
- • Strong projected growth in domestic steel pipes and tubes demand at 8-9% CAGR through Fiscal 2029(p.451)
- • Infrastructure-led demand from government initiatives (Amrit Bharat Station Scheme, smart cities, warehouses, data centers)(p.451)
- • Product substitution opportunity—tubular steel lighter and more efficient than conventional materials(p.451)
- • Expansion plans adding significant new capacity (1.20 MMTPA) through multiple phases at new Kesda facility(p.450)
- • New product development and market penetration strategy with extended distributor network(p.450)
- • Investment in subsidiary Sambhv Tubes Private Limited for strategic project expansion(p.486)
Threats
- • Geographic concentration of operations in single state(p.59)
- • Revenue concentration in north and west India(p.59)
- • Intense competition from established players(p.66)
- • Cyclical nature of steel industry and price volatility(p.96)
- • Dependence on stable power and fuel supply(p.57)
- • Oil price volatility affecting ERW pipes demand(p.96)
- • Import tariff and trade policy changes(p.96)
- • Child labour allegation in manufacturing facility(p.90)
- • Emerging global competition in steel industry(p.96)
- • Inflation impacting operational expenses(p.112)
- • Competition law and regulatory scrutiny(p.112)
- • Evolving regulatory and tax environment(p.112)
- • Foreign investment restrictions limiting capital access(p.115)
- • Market volatility and share price fluctuation risk(p.116)
- • Anti-takeover provisions limiting growth opportunities(p.117)
- • Heavy dependence on two key raw material suppliers (Navratna PSU for iron ore, Maharatna PSU for coal)(p.267)
- • Commodity price volatility for iron ore, coal and finished steel products affecting margins(p.280)
- • Competitive pressure from established players like APL Apollo Tubes and others in ERW pipes segment(p.307)
- • Environmental regulations and compliance requirements for mining, manufacturing, and emissions(p.312)
- • Forex and input price volatility impacting cost structure and profitability(p.302)
- • Dependence on distributor network for market penetration and sales growth(p.302)
- • Dependence on promoter personal guarantees for borrowing(p.346)
- • Related party transactions concentration(p.329)
- • Transition risk from previous GAAP to Ind AS accounting standards(p.366)
- • Dividend payment capability constraints(p.351)
- • Exposure to commodity price volatility for iron ore and coal inputs(p.425)
- • Interest rate risk on floating rate borrowings(p.426)
- • Pending income tax demands and GST disputes(p.418)
- • Foreign exchange rate fluctuations affecting export competitiveness(p.422)
- • Heavy dependence on working capital financing with short-term borrowing obligations(p.403)
- • Raw material cost volatility and price exposure without hedging long-term contracts(p.450)
- • Manufacturing facility shutdown and operational disruption risks(p.451)
- • Capacity utilization dependence on market demand and macroeconomic conditions(p.451)
- • Macro-economic slowdown risk and economy-dependent growth(p.451)
- • Exposure to foreign exchange risk from international transactions and imports(p.485)
- • Interest rate risk exposure from borrowings and bank deposits at market rates(p.485)
- • Environmental compliance notice and fine imposed by regulatory authority(p.492)
- • Regulatory non-compliance regarding company secretary appointment under Companies Act(p.492)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Brijlal Goyal | Promoter | 18,536,250 shares (7.69%) | — |
| Suresh Kumar Goyal | Promoter | 18,536,250 shares (7.69%) | — |
| Vikas Kumar Goyal | Promoter | 18,536,250 shares (7.69%) | — |
| Sheetal Goyal | Promoter | 19,088,660 shares (7.92%) | — |
| Shashank Goyal | Promoter | 6,962,340 shares (2.89%) | — |
| Rohit Goyal | Promoter | 7,440,000 shares (3.09%) | — |
| Brijlal Goyal | Promoter | 7.69% | — |
| Suresh Kumar Goyal | Promoter | 7.69% | — |
| Vikas Kumar Goyal | Promoter | 7.69% | — |
| Sheetal Goyal | Promoter | 7.92% | — |
| Shashank Goyal | Promoter | 2.89% | — |
| Rohit Goyal | Promoter | 3.09% | — |
| Suresh Kumar Goyal | Promoter | 7.69% | — |
| Vikas Kumar Goyal | Promoter | 7.69% | — |
| Brijlal Goyal | Promoter | 7.69% | — |
| Sheetal Goyal | Promoter | 7.92% | — |
| Shashank Goyal | Promoter Selling Shareholder | 2.89% | — |
| Rohit Goyal | Promoter Selling Shareholder | 3.09% | — |
| Kaushlya Goyal | Promoter Group Selling Shareholder | 7.92% | — |
| Harsheet Goyal | Promoter Group Selling Shareholder | 3.06% | — |
| Rinku Goyal | Other Selling Shareholder | 1.89% | — |
| Ramesh Kumar Gupta | Promoter | — | — |
| Rinku Goyal | Promoter | — | — |
| Harsheet Goyal | Promoter | — | — |
| Brijlal Goyal | Promoter | — | — |
| Suresh Kumar Goyal | Promoter/Promoter Group | — | — |
| Vikas Kumar Goyal | Promoter/Promoter Group | — | — |
| Brijlal Goyal | Promoter | 18,536,250 shares (7.69%) | — |
| Suresh Kumar Goyal | Promoter | 18,536,250 shares (7.69%) | — |
| Vikas Kumar Goyal | Promoter | 18,536,250 shares (7.69%) | — |
| Sheetal Goyal | Promoter | 19,088,660 shares (7.92%) | — |
| Shashank Goyal | Promoter | 6,962,340 shares (2.89%) | — |
| Rohit Goyal | Promoter | 7,440,000 shares (3.09%) | — |
| Mr. Brijlal Goyal | Promoter | 7.15% | 7.69% |
| Mr. Suresh Kumar Goyal | Promoter | 7.15% | 7.69% |
| Mr. Vikas Kumar Goyal | Promoter | 7.15% | 7.69% |
| Mrs. Sheetal Goyal | Promoter | 6.71% | 7.92% |
| Suresh Kumar Goyal | Director/Promoter | — | — |
| Vikas Kumar Goyal | Managing Director/Promoter | — | — |
| Shashank Goyal | Promoter/Selling Shareholder | — | — |
| Rohit Goyal | Promoter/Selling Shareholder | — | — |
| Kaushlya Goyal | Promoter/Selling Shareholder | — | — |
| Harsheet Goyal | Promoter/Selling Shareholder | — | — |
| Rinku Goyal | Promoter/Selling Shareholder | — | — |
| Brijlal Goyal | Promoter | — | — |
| Sheetal Goyal | Promoter | — | — |
| Suresh Kumar Goyal | Promoter/Chairman and Executive Director | — | — |
| Manoj Kumar Goyal | Promoter | — | — |
| Shashank Goyal | Promoter | — | — |
| Shashank Goyal | Selling Shareholder | — | — |
| Rohit Goyal | Selling Shareholder | — | — |
| Kaushlya Goyal | Selling Shareholder | — | — |
| Harsheet Goyal | Selling Shareholder | — | — |
| Rinku Goyal | Selling Shareholder | — | — |
Leadership
Suresh Kumar Goyal · Chairman and Executive Director
Vikas Kumar Goyal · Managing Director and Chief Executive Officer
Bhavesh Khetan · Executive Director and Chief Operating Officer
Anu Garg · Chief Financial Officer
Niraj Shrivastava · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Sambhv Steel Tubes IPO FAQs
What is the lot size of Sambhv Steel Tubes IPO?
The minimum lot size of Sambhv Steel Tubes IPO is 182 shares. One lot costs ₹14,924 at the cut-off price.
When does Sambhv Steel Tubes IPO open and close?
Sambhv Steel Tubes IPO opened for subscription on 25 Jun 2025 and closed on 27 Jun 2025.
What is the listing date of Sambhv Steel Tubes IPO?
Sambhv Steel Tubes IPO listed on 02 Jul 2025.