Sambhv Steel Tubes IPO Allotment Today: Steps To Check Status, Latest GMP And Listing Date
Sambhv Steel Tubes Ltd. shares are scheduled to be listed on both the BSE and NSE on July 2.
Sambhv Steel Tubes IPO share allotment status is scheduled to be finalised on June 30, following the end of the subscription period.
The initial public offering (IPO) of the electric resistance welded steel pipes manufacturer was open for subscription from June 25 to June 27.
The mainboard IPO closed with an overall subscription of 28.46 times on the last day of bidding on Friday. The IPO received bids for over 140 crore shares against 4.92 crore shares on offer, as per the NSE data.
Non-Institutional Investors (NIIs) led the bidding by booking their category 31.82 times. The Qualified Institutional Buyers (QIBs) subscribed their category 62.32 times. The retail portion of the IPO was booked 7.99 times. Employees subscribed their reserved portion by 5.35 times.
After finalising the IPO share allotment status, the company is expected to process the refunds and transfer the shares to the Demat accounts on July 1.
Sambhv Steel Tubes Ltd. shares are scheduled to be listed on both the BSE and NSE on July 2.
The Sambhv Steel Tubes IPO was a book-built issue worth Rs 540 crore. It comprised a fresh issue of 5.37 crore shares totalling Rs 440 crore and an offer-for-sale component of 1.22 crore shares, amounting to Rs 100 crore.
The price band for the IPO was set between Rs 77 and Rs 82 per share, with a minimum application lot size of 182 shares.
Steps To Check Sambhv Steel Tubes IPO Allotment Status On KFin Technologies Website
Go to the IPO allotment page on the Kfin Technologies website: https://ris.kfintech.com/ipostatus/
Select 'Sambhv Steel Tubes IPO' from the dropdown menu.
Enter your PAN, Application Number, or DP/Client ID.
Click on ‘Submit’ to view your allotment status.
How To Check Sambhv Steel Tubes IPO Allotment Status On NSE
Visit NSE’s allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
Select ‘Equity & SME IPO bid details’.
Choose the symbol ‘SAMBHV’ from the drop-down list.
Enter your PAN and application number.
Click ‘Submit’ to check your allotment status.
Check Sambhv Steel Tubes IPO Allotment Status On BSE
Visit the BSE IPO allotment status page: https://www.bseindia.com/investors/appli_check.aspx.
Set the Issue Type to ‘Equity’.
From the ‘Issue Name’ dropdown, select ‘Sambhv Steel Tubes Ltd.’
Enter your PAN or IPO application number.
Complete the CAPTCHA by clicking ‘I’m not a robot’, then click ‘Search’ to view your allotment status.
Sambhv Steel Tubes IPO GMP Today
According to Investorgain, the latest Grey Market Premium (GMP) for Sambhv Steel Tubes IPO stood at Rs 14 apiece on June 30. Based on the upper end of the price band of Rs 82, the estimated listing price is Rs 96, indicating a potential listing gain of approximately 17.07% per share.
Note: GMP does not represent official data and is based on speculation.
Sambhv Steel Tubes Ltd. was founded in 2017. The company specialises in electric resistance welded (ERW) steel pipes and structural tubes (hollow sections). Its production facility is located in Sarora, Chhattisgarh. Its key markets include Chhattisgarh, Maharashtra, Gujarat, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana.
The company sources its raw materials from leading public sector undertakings (PSUs), procuring iron ore from a Navratna PSU and coal from a Maharatna PSU through one of its top coal-producing subsidiaries. These coal mines are located just 250 kilometres from the company’s Sarora facility.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
