Sambhv Steel Tubes Private Limited has submitted DRHP (Draft Red Herring Prospectus) with the SEBI (Securities and Exchange Board of India) IPO valued at 540 crores, with 440 crores of fresh issues and 100 crores of OFS (offer for sale). This IPO is a 100% book-build offer and Rs 10 is Equity shares price. Furthermore, this fund would have been used for the company’s general and company growth purposes.
This company has a strong management team, substantial power, and a strategic and perfect location these are counted in the special power of this company. This company has varied promoters who sell their sale in OFS conditions and out of their ownership from the company. Moreover, Vikas Goyal is the CEO, Suresh Kumar Goyal is the chairman and Brijal Goyal is a promoter.
This company was founded in 1996 and specializes in the manufacture of electronic resistance welded(“ERW”) steel pipes and structural tubes(hollow section)in India.
This company has planned to enlarge its business in villages such as Kuthrel, District Raipur, and Chhattisgarh covering 334,540 square meters. They have Return on Net Worth (“RoNW”) in 2024 (25.42), 2023 (33.57) 2022 (63.65) and revenue from operations is 12,857.57 total income is 12,893.75.
Sambhv Steel Tubes IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Sambhv Steel Tubes Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹82.08 | ₹72.41 | ₹7.20 |
| 2023 | ₹93.90 | ₹85.79 | ₹6.11 |
| 2024 | ₹128.94 | ₹117.86 | ₹8.26 |
Sambhv Steel Tubes IPO Valuation – FY2024
Sambhv Steel Tubes IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹3.79 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 25.42% |
| Net Asset Value (NAV): | ₹18.19 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| APL Apollo Tubes Limited | 26.40 | 58.05 | 22.21 | 129.60 | 18,118.80 Cr. |
| Hariom Pipes Industries Limited | 20.34 | 39.41 | 13.56 | 160.50 | 1,153.19 Cr. |
| Hi-Tech Pipes Limited | 3.25 | 73.00 | 8.90 | 38.20 | 2,699.29 Cr. |
| JTL Industries Limited | 6.63 | 35.17 | 19.15 | 43.72 | 20,40.23 Cr. |
| Rama Steel Tubes Limited | 0.50 | 30.41 | 10.40 | 2.14 | 1,046.51 Cr. |
| Surya Roshni Limited | 30.51 | 24.07 | 17.41 | 187.63 | 7,809.27 Cr. |
Objects of the Issue
- Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company;
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Nuvama Wealth Management Limited
- Motilal Oswal Investment Advisors Limited
