Latest news with #SambhvSteelTubes
Entrepreneur
3 hours ago
- Business
- Entrepreneur
Sambhav Steels Among 5 Upcoming IPOs, SEBI Eases ESOP Rules Ahead of Busy Listing Week
The Indian IPO landscape is set to record a busy week, with five new IPOs hitting the market, Sambhv Steel Tubes Limited's initial public offer (IPO) of equity shares will debut on June 25 and SEBI issues ESOP reforms. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Sambhv Steel Tubes Limited's initial public offer (IPO) of equity shares will debut on June 25. According to the company, the total offer size is INR 540 crore, comprising fresh issues of up to INR 440 crore and an offer for sale (OFS) component of up to INR 100 crore, by the promoters selling shares. Bidding for anchor investors is set for June 24. The price band of the IPO is set at INR 77-82 per equity share, with bids to be made for a minimum of 182 equity shares and in multiples of 182 equity shares thereafter. The company said in a release that the net proceeds from the fresh issue of equity shares will be used towards pre-payment or scheduled repayment of a portion of outstanding borrowings, and the remaining amount will go toward corporate expenses. The IPO also consists of the Employee Reservation Portion, with a discount of INR 4 per equity share being offered for eligible employees. (Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the Issue. SEBI issues ESOP reforms Market regulator Securities and Exchange Board of India recently rolled out ESOP reforms, especially relaxed rules that allow unexercised options to be retained post-listing Roma Priya, Founder, Burgeon Law, believes that the SEBI's decision to allow startup founders to hold ESOPs granted up to a year prior to listing represents a pivotal shift in how India views founder incentives in the public markets. For many years, the regulatory structure inadvertently discouraged long-term founder alignment by excluding them from key benefit structures during IPO preparation. This move is not only poised to correct the said imbalance but also sends a strong signal of regulatory maturity and startup sensitivity. "From a strategic lens, this reform strengthens the startup ecosystem's transition from private to public markets by reinforcing founder retention, reducing post-IPO churn, and making listing a more viable aspiration for younger companies. Having worked closely with hundreds of growth-stage founders, I believe this will directly encourage more startups to start preparing for public exits early, with stronger governance, cap table clarity, and structured ESOP planning as part of that journey, " said Priya. Buzzing IPO Week The Indian IPO landscape is set to record a busy week, with five new IPOs hitting the market, with the surge following a steady build-up in investor enthusiasm, reflecting the ongoing appetite for fresh equity offerings. "Market sentiment remains broadly constructive, driven by improving macroeconomic indicators, favorable liquidity conditions, and increasing participation from both institutional and retail investors. The strong performance of recent listings continues to bolster confidence and encourage broader engagement in the primary market," said Bajaj Broking in its weekly IPO lookout. The stockbroking company said that the upcoming IPOs are offering investors a mix of diverse sector opportunities, which is further reinforcing the depth and vibrancy of India's capital markets. Bajaj Broking predicts that the primary market could well surpass expectations for the first half of FY26.
Mint
10 hours ago
- Business
- Mint
Sambhv Steel Tubes IPO: Price band set at ₹77-82 per share; check issue details, key dates, more
The Sambhv Steel Tubes IPO price band has been fixed in the range of ₹ 77 to ₹ 82 per equity share of the face value of ₹ 10. The Sambhv Steel Tubes IPO date of subscription is scheduled for Wednesday, June 25, and will close on Friday, June 27. The allocation to anchor investors for the Sambhv Steel Tubes IPO is scheduled to take place on Tuesday, June 24. The floor price is 7.7 times of the face value of the equity shares and the cap price is 8.2 times of the face value of the equity shares. The Sambhv Steel Tubes IPO lot size is 182 equity shares and in multiples of 182 equity shares thereafter. Sambhv Steel Tubes IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employee reservation portion has been allocated equity shares aggregating up to ₹ 25 million. Tentatively, Sambhv Steel Tubes IPO basis of allotment of shares will be finalised on Monday, June 30 and the company will initiate refunds on Tuesday, July 1 while the shares will be credited to the demat account of allottees on the same day following refund. Sambhv Steel Tubes share price is likely to be listed on BSE and NSE on Wednesday, July 2. Sambhv Steel Tubes Limited is a producer of electric resistance welded (ERW) steel pipes and hollow structural tubes in India. The company's manufacturing plant is situated in Village - Sarora, Tehsil Tilda, Raipur (Sarora (Tilda) Facility) in the mineral-rich region of Chhattisgarh. The iron ore utilized by the company is obtained from the mines of a 'Navratna' public sector undertaking (PSU) mining company, while coal is sourced from a 'Maharatna' PSU known for one of its largest coal-producing subsidiaries, which operates Asia's biggest coal mines located just 250 kilometers from our Sarora (Tilda) Facility. As of March 31, 2024, the company boasts a broad distribution network across India that spans 15 states and one union territory as of December 31, 2024. The company maintains a significant presence in various Indian states, including Chhattisgarh, Maharashtra, Gujarat, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana. As per the red herring prospectus (RHP), the listed peers of the company are APL Apollo Tubes Ltd (with a P/E of 68.52), Hariom Pipes Industries Ltd (with a P/E of 21.15), Hi-Tech Pipes Ltd (with a P/E of 35.52), JTL Industries Ltd (with a P/E of 10.16), Rama Steel Tubes Ltd (with a P/E of 24.27), and Surya Roshni Ltd (with a P/E of 10.98). The initial public offering comprises a new issue of equity shares estimated at ₹ 440 crore along with an offer for sale (OFS) of shares amounting to ₹ 100 crore from the promoters. The funds raised from the new issue will be used to pay off debt and for various corporate needs. Nuvama Wealth Management Ltd and Motilal Oswal Investment Advisors Ltd serve as the lead managers for this offering.
Time of India
11 hours ago
- Business
- Time of India
Sambhv Steel Tubes IPO to open on Jun 25; sets price band at Rs 77-82 per share
Sambhv Steel Tubes on Friday set a price band of Rs 77-82 per share for its upcoming Rs 540-crore initial public offering (IPO). The initial share sale will open for public subscription on June 25 and conclude on June 27, the company said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo The IPO is a mix of fresh issue of equity shares valued at Rs 440 crore and an offer for sale (OFS) of shares worth Rs 100 crore by promoters. Proceeds from the fresh issue will be utilised for payment of debt and general corporate purposes. Sambhv Steel Tubes 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. Live Events According to a Crisil report, the demand for domestic steel pipes and tubes is expected to have grown at a compound annual growth rate (CAGR) of 5-6 per cent to 12.50-13.50 million tonnes per annum (MTPA) in FY25 from 8.8 MTPA in FY19. The growth was led by government initiatives to augment urban structural infrastructure and to infuse investments in the oil and gas sector. Going forward, domestic steel pipe demand is projected to increase to 18.50-20.50 MTPA in FY29 at 8-9 per cent CAGR between FY25 and FY29 on a high base, the report added. Sambhv Steel Tubes announced that half of the offer size has been reserved for qualified institutional buyers , 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Nuvama Wealth Management Ltd and Motilal Oswal Investment Advisors Ltd are the book-running lead managers to the issue. Sambhv Steel Tubes is expected to list on the BSE and NSE on July 2. PTI
Economic Times
11 hours ago
- Business
- Economic Times
Sambhv Steel Tubes IPO to open on Jun 25; sets price band at Rs 77-82 per share
Sambhv Steel Tubes on Friday set a price band of Rs 77-82 per share for its upcoming Rs 540-crore initial public offering (IPO). ADVERTISEMENT The initial share sale will open for public subscription on June 25 and conclude on June 27, the company said. The IPO is a mix of fresh issue of equity shares valued at Rs 440 crore and an offer for sale (OFS) of shares worth Rs 100 crore by promoters. Proceeds from the fresh issue will be utilised for payment of debt and general corporate purposes. Sambhv Steel Tubes 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. According to a Crisil report, the demand for domestic steel pipes and tubes is expected to have grown at a compound annual growth rate (CAGR) of 5-6 per cent to 12.50-13.50 million tonnes per annum (MTPA) in FY25 from 8.8 MTPA in FY19. ADVERTISEMENT The growth was led by government initiatives to augment urban structural infrastructure and to infuse investments in the oil and gas sector. Going forward, domestic steel pipe demand is projected to increase to 18.50-20.50 MTPA in FY29 at 8-9 per cent CAGR between FY25 and FY29 on a high base, the report added. ADVERTISEMENT Sambhv Steel Tubes announced that half of the offer size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Nuvama Wealth Management Ltd and Motilal Oswal Investment Advisors Ltd are the book-running lead managers to the issue. Sambhv Steel Tubes is expected to list on the BSE and NSE on July 2. PTI (You can now subscribe to our ETMarkets WhatsApp channel)
India Today
2 days ago
- Business
- India Today
IPO buzz returns: Big July lineup to raise up to Rs 26,000 crore
After a slow start in 2025, India's IPO market seems to be active again. While the year began with companies delaying their public offers due to weak stock market conditions, June has brought back movement in the primary far this month, two companies have already opened their IPOs for subscription. Oswal Pumps Limited opened its issue between June 13 and June 17, while Arisinfra Solutions started its 3-day bidding process on June 18, which will close on June at least eight more companies are preparing to launch their initial public offerings by the end of June and into July. These upcoming IPOs are expected to raise over Rs 26,000 crore in total. "As the markets are stabilising and are in a range of 24,500 to 25,000, you can see some kind of activity that it is coming back in the primary market after a small brief small gap. Companies are also lining up to raise money from the primary market. Also, the earlier listings are recovering, which is one of the optimisms driving the markets," said Kranthi Bathini, Equity Strategy, WealthMills Securities Pvt Ltd. BIG NAMES IN LINEThe companies likely to hit the market soon include HDB Financial Services, Sambhv Steel Tubes, Ellenbarrie Industrial Gases, Kalpataru, Globe Civil Projects, NSDL, Hero Fincorp and JSW them, HDB Financial Services is preparing one of the largest IPOs in this lineup. According to a report by Moneycontrol, the company may soon file its red herring prospectus (RHP).The IPO is worth around Rs 12,500 crore, with a fresh issue of Rs 2,500 crore and an offer-for-sale of up to Rs 10,000 crore. The anchor investor portion is likely to open on June 24, with the full IPO expected between June 25 and June Steel Tubes, which received approval from SEBI in March, is also ready to launch its IPO soon. The public offer will be a book-building issue of Rs 540 will include a fresh issue of Rs 440 crore and an offer-for-sale of Rs 100 crore. People aware of the development said the company is in the final stages of preparation. The retail quota for both HDB Financial Services and Sambhv Steel Tubes is expected to be around 35%.Despite no official price band yet, HDB Financial's IPO is already showing signs of investor interest. A grey market premium (GMP) of Rs 93 per share has been seen in the grey market, indicating strong COMPANIES JOINING THE LISTEllenbarrie Industrial Gases and Kalpataru are also looking to launch their IPOs soon. Both companies had received SEBI clearance earlier – Ellenbarrie in January and Kalpataru in November last year. Ellenbarrie plans to raise Rs 400 crore, while Kalpataru is aiming for Rs 1,590 crore. Both are likely to finalise their IPO dates Cement, which got Sebi approval in January, has already started roadshows for its IPO. The company is planning to raise around Rs 4,000 crore, and the issue is expected to hit the market sometime in July, as per a Bloomberg Civil Projects has already confirmed its IPO dates. The public offer will open on June 24 and close on June 26. The issue is priced between Rs 67 and Rs 71 per share, with a target to raise around Rs 200 Fincorp is also preparing for its IPO after completing a pre-IPO funding round of Rs 260 crore. The company has slightly lowered its fresh issue size from Rs 2,100 crore to Rs 1,840 crore. It also includes an offer-for-sale portion worth Rs 1,568.13 crore. The total IPO size now stands at Rs 3,408.13 crore. Hero Fincorp received approval from SEBI in May to go ahead with the public (National Securities Depository Limited) is also expected to come to the market before the end of July. The Securities and Exchange Board of India had extended NSDL's IPO deadline to July 2025. According to earlier reports by Bloomberg, the company is looking to raise around 400 million dollars, or roughly Rs 3,400 Watch
