Sambhv Steel Tubes soars in market debut
Sambhv Steel Tubes, a major player in steel pipes and tubes, made a strong entry into the stock market.
Shares opened at ₹110—over 34% above the ₹82 issue price—and closed near ₹111, pushing the company's value close to ₹3,000 crore.
IPO was oversubscribed nearly 28.5 times
Sambhv raised ₹540 crore through its IPO, which was oversubscribed nearly 28.5 times—meaning way more people wanted in than there were shares available.
Both big investors and regular folks showed strong interest, signaling real confidence in the company's future.
Revenue jumped from ₹820.75 crore in FY22 to ₹1,289.38 crore
Launched in 2017, Sambhv runs India's only single-location plant that does everything from making sponge iron to finished pipes—all under one roof in Chhattisgarh.
Thanks to its location near raw material sources and a network of dealers across 15 states, revenue jumped from ₹820.75 crore in FY22 to ₹1,289.38 crore in FY24.