Support and Resistance Levels
Past performance
About Sambhv Steel Tubes Ltd Sambhv Steel Tubes Limited, incorporated on April 25, 2017 in Chhattisgarh, India, has rapidly evolved from its initial operations as Sambhv Sponge Power Private Limited. Transitioning to a Public Limited Company in 2024, the firm reflects its expansive growth trajectory and diversified operations. It specializes in manufacturing a wide range of steel products, including sponge iron, blooms/slabs, HR coils, cold-rolled (CR) coils, and electric resistance welded (ERW) and galvanized (GI) pipes, supported by captive power generation facilities.
Operational capacity has seen consistent expansion since its inaugural Sarora (Tilda) facility commenced production in 2018 with 60,000 MTPA of sponge iron. By 2023, the company diversified into advanced steel product manufacturing, expanding HR coil capacity to 350,000 MTPA, ERW pipes to 250,000 MTPA, and CR coils to 100,000 MTPA. Strategic investments have significantly increased scale, culminating in a production boost as of September 2024, with sponge iron capacity at 280,000 MTPA, HR coils at 390,000 MTPA, blooms/slabs at 300,000 MTPA, and ERW/GI pipes at 350,000 MTPA. Notably, the plant also commissioned a 132 kVA power line and expanded its captive power generation to 25 MW.
As an integrated steel products manufacturer, Sambhv Steel Tubes Limited is poised to leverage its diversified product portfolio and large-scale capacities to cater to growing market demands in India. The firm’s planned Initial Public Offering (IPO) aims to raise Rs. 540 crore, comprising a fresh issue of Rs. 440 crore and Rs. 100 crore via an Offer for Sale. Industrial traders and investors may find this company appealing due to its aggressive growth strategy, operational scale, and upcoming IPO designed to fuel further expansion.