Sambhv Steel Tubes Ltd. is set to finalise the IPO share allotment status on Monday, June 30, after a robust subscription of its public offer.
The ₹540-crore book-building initial public offering (IPO) was overall subscribed 28.46 times on the last day of subscription on June 27. The public offer received bids for 140 crore shares against 4.92 crore shares on offer.
The mainboard IPO opened for subscription on June 25.
The retail quota of the IPO was booked 7.99 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 31.82 times. The Qualified Institutional Buyers (QIBs) subscribed the issue 62.32 times. The Employees’ segment was booked 5.34 times.
The mainboard issue comprised a fresh issuance of 5.36 crore shares, amounting to ₹440 crore, and an offer-for-sale (OFS) component of 1.21 crore shares, aggregating up to ₹100 crore. Overall, the total size of the issue stood at 6.58 crore shares, totalling ₹540 crore.
Sambhv Steel Tubes intends to use the net proceeds from the IPO for the payment of debt and general corporate purposes.
The investors, who bid for the IPO shares, can check the allotment status online via the BSE, NSE and the official website of the issue registrar, Kfin Technologies Ltd.
Steps to check Sambhv Steel Tubes IPO share allotment on BSE:
Steps to check Sambhv Steel Tubes IPO allotment on Kfin Technologies:
- Visit the link: https://ris.kfintech.com/ipostatus/
- From the dropdown menu, select ‘Sambhv Steel Tubes Limited’ from the list of companies
- Select any one of the PAN, Application Number, DP/Client ID, or Account Number/IFSC to view your allotment status
- Enter the required details
- Click on ‘Submit’ to check the allotment status
Investors can also check the IPO allotment status via the NSE website using their PAN and Application Number.
Credit of shares into the Demat account of successful bidders is slated to be done on Tuesday, July 1. The company will also initiate refunds for non-allottees the same day.
Shares of Sambhv Steel Tubes Ltd are scheduled to be listed on the NSE and BSE on Tuesday, July 2.
Sambhv Steel 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.
