Price Band fixed at 77 to 82 per equity share of face value of 10 each (“Equity Share”)
Bid/Offer will open on Wednesday, June 25, 2025 and close on Friday, June 27, 2025. The Anchor Investor Bidding Date shall be Tuesday, June 24, 2025
Bids can be made for a minimum of 182 Equity Shares and in multiples of 182 Equity Shares thereafter
National, June 20, 2025 (TGN) : Sambhv Steel Tubes Limited (“Sambhv” or the “Company”) shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Wednesday, June 25, 2025.
The total offer size of Equity Shares aggregating up to 5400 million [540 crore) comprises of fresh issue aggregating up to 4,400 million [440 crore] and Offer for Sale aggregating up to 1,000 million [100 crore] by Selling Shareholders. (“The Total Offer Size”).
The Anchor Investor Bidding Date shall be Tuesday, June 24, 2025. The Bid/Offer will open on Wednesday, June 25, 2025 for subscription and will close on Friday, June 27, 2025.
The Price Band of the Offer has been fixed at 77 to 82 per Equity Share. Bids can be made for a minimum of 182 Equity Shares and in multiples of 182 Equity Shares thereafter.
The Company proposes to utilise net proceeds from fresh issue of Equity Shares towards Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by Company; and balance amount towards general corporate purposes (“Object of Issue”).
The offer for sale comprises of Equity shares aggregating up to 100.00 million [* 10 crore] by Shashank Goyal (the “Promoter Selling Shareholder”), aggregating up to 100.00 million [10 crore by Rohit Goyal (the “Promoter Selling Shareholder”), aggregating up to 350.00 million [35 crore] by Kaushlya Goyal (the “Promoter Group Selling Shareholder”), aggregating up to 100.00 million [10 crore ] by Harsheet Goyal (the “Promoter Group Selling Shareholders”) and Rinku Goyal aggregating up to 350.00 million [35 crore ) (the “Other Selling Shareholder”). (Combined, “The Selling Shareholders”)
A discount of 4 Per Equity share is being offered to eligible employees bidding in the Employee Reservation portion
Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers or BRLMs to the Issue.
This Equity Shares are being offered through the red herring prospectus of the Company dated June …., 2025 (the “RHP”) filed with Registrar of Companies, Central Registration Centre “RoC”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).
The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”) and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”), provided that our Company may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”).
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on al proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from the Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation will be added to the remaining QIB Portion for proportionate allocation to QIBs.
Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price, out of which (a) one-third of such portion shall be reserved for Bidders with application size of more than 200,000 and up to 1,000,000; and (b) two-thirds of such portion shall be reserved for Bidders with application size of more than 1,000,000 provided that. the unsubscribed portion in either of such sub-categories may be allocated to Bidders in the other sub-category of Non-Institutional Bidders; and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
Further, the Equity Shares will be available for allocation on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid being Bids received from them at or above the Offer Price. All Bidders (except Anchor Investors) are mandatorily required to utilize the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders using the UPI Mechanism, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For further details, see “Offer Procedure” on page 525.
