The Sambhv Steel Tubes IPO has garnered 3x subscription by Day 3 of bidding, reflecting strong interest from retail and HNI investors. The Grey Market Premium remains at ₹14, signaling positive market sentiment ahead of the listing.
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Sambhv Steel Tubes IPO Day 3: Oversubscribed 3x as Investor Confidence Rises
The Sambhv Steel Tubes IPO has witnessed strong traction among investors as bidding enters Day 3, with the issue being subscribed 3 times overall. This IPO, aimed at raising ₹137.33 crore, is seeing enthusiasm from both retail and high net-worth individual (HNI) segments.
The offering opened on June 25, 2025, and will close on June 27, 2025. According to data available from stock exchanges, the retail portion has already seen significant oversubscription, with non-institutional investors also actively participating.
Grey Market Premium Holding Steady at ₹14
The Grey Market Premium (GMP) for Sambhv Steel Tubes IPO continues to hover around ₹14. While not extraordinarily high, this premium suggests that market sentiment toward the stock remains moderately bullish.
Analysts say that the consistent GMP is an indicator of stable listing expectations and could translate into a modest gain on listing day if broader market conditions remain supportive.
About Sambhv Steel Tubes Limited
Sambhv Steel Tubes is engaged in the manufacturing of high-quality steel pipes and tubes, catering to sectors like infrastructure, construction, and automotive. With a strong order book and expanding distribution channels, the company aims to use the IPO proceeds for:
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Working capital requirements
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General corporate purposes
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Enhancing production capacity
Its financial performance has shown consistent growth, with healthy margins and improving profitability in recent quarters.
Should You Subscribe?
Market experts suggest that the IPO may be a good long-term bet given the company’s sectoral strength and rising demand for steel infrastructure products. However, investors are advised to assess their risk appetite, especially since the GMP indicates a modest premium rather than a blockbuster listing.
