Sambhv Steel Tubes IPO: Allotment Date, GMP Trends, and How to Check Status Online
The Sambhv Steel Tubes IPO has generated significant buzz among retail and institutional investors alike, with the offering closing at a robust subscription rate of 28.46 times. As we approach the crucial allotment date of June 30, anticipation is growing around the final share allocation, refund initiation, and the upcoming listing. This article provides an in-depth look into everything investors need to know about the Sambhv Steel Tubes IPO, including key dates, GMP trends, and step-by-step instructions on how to check your allotment status online.
Overview of Sambhv Steel Tubes IPO
The Sambhv Steel Tubes IPO opened for subscription on Wednesday, June 25, and closed on Friday, June 27. Despite market volatility, investor response was overwhelming. On the final bidding day, the IPO saw an overall subscription of 28.46 times, highlighting strong investor confidence in the company’s fundamentals and future prospects.
Here’s a breakdown of the subscription across categories:
- Retail investors: Subscribed 7.99 times
- Non-Institutional Investors (NII): Subscribed 31.82 times
- Qualified Institutional Buyers (QIBs): Subscribed 62.32 times
- Employee Reserved Portion: Subscribed 7.99 times
The strong subscription figures underscore the high level of interest in the Sambhv Steel Tubes IPO, particularly from institutional investors, indicating a positive outlook for the listing.
Sambhv Steel Tubes IPO Allotment and Listing Timeline
The Sambhv Steel Tubes IPO allotment is set to be finalized on Monday, June 30. Successful applicants will have their shares credited to their demat accounts on Tuesday, July 1, while refunds for unsuccessful applicants will also be initiated on the same day.
The official Sambhv Steel Tubes IPO listing is scheduled for Wednesday, July 2, and the estimated listing price is ₹94 per share, reflecting a 14.63% premium over the IPO price of ₹82.
Sambhv Steel Tubes IPO GMP Today
As of the latest data, the Sambhv Steel Tubes IPO grey market premium (GMP) stands at ₹12. This translates into an expected listing price of ₹94 (₹82 + ₹12), reflecting investor optimism.
According to experts from investorgain.com, the GMP for the Sambhv Steel Tubes IPO has been trending positively over the past 15 sessions, ranging from a minimum of ₹0 to a maximum of ₹12. This upward trend suggests strong demand in the unofficial market, further boosting investor sentiment ahead of the listing.
How to Check Sambhv Steel Tubes IPO Allotment Status Online
Investors eager to know the status of their application can check it through various official channels. Below is a step-by-step guide:
1. Via Registrar Kfin Technologies Ltd
Website: Kfin IPO Status
Steps:
- Step 1: Click the above link to access the allotment status portal.
- Step 2: Open any of the five available links.
- Step 3: From the dropdown, select “Sambhv Steel Tubes Limited” under the IPO selection menu.
- Step 4: Choose from three available options to check your status:
- Application Number: Enter the application number and captcha code, then click “Submit.”
- Demat Account: Input your DP ID/Client ID and captcha code.
- PAN Number: Enter your PAN along with the captcha code.
2. Via BSE Website
Website: BSE Allotment Page
Steps:
- Step 1: Visit the above link.
- Step 2: Select “Equity” under the issue type.
- Step 3: Choose “Sambhv Steel Tubes IPO” from the dropdown menu.
- Step 4: Enter your application number or PAN to view your status.
3. Via NSE Website
Website: NSE IPO Page
Steps:
- Step 1: Go to the NSE IPO status page.
- Step 2: If not registered, click “Click here to sign up” and register using your PAN.
- Step 3: Log in with your username, password, and captcha code.
- Step 4: Check your IPO allotment status on the new page.
Why the Buzz Around Sambhv Steel Tubes IPO?
The Sambhv Steel Tubes IPO is attracting attention for several reasons:
- Strong Subscription Rates: Especially among QIBs and NIIs
- Positive GMP Trends: Indicating investor confidence in a strong listing
- Robust Fundamentals: With significant presence in steel manufacturing and supply chain efficiency
The premium expected at listing is a reflection of both fundamental strengths and favorable market conditions. As the company positions itself to capitalize on infrastructure and manufacturing growth in India, investor interest is justified.
What Should Investors Watch Post-Allotment?
While allotment marks a key milestone, investors should remain watchful of post-listing volatility. Factors like broader market sentiment, global economic cues, and sector-specific developments can all influence the stock’s short-term performance.
For those who received allotment in the Sambhv Steel Tubes IPO, watching the stock’s movement on July 2 is crucial. It’s also advisable to track future quarterly results and business developments for long-term evaluation.
Key Takeaways
- The Sambhv Steel Tubes IPO saw a stellar 28.46x overall subscription.
- Allotment will be finalized on June 30, with shares credited and refunds processed on July 1.
- Expected listing price is ₹94 per share, a 14.63% premium over the issue price of ₹82.
- Latest GMP is ₹12, suggesting continued demand in the grey market.
- Investors can check allotment status via Kfin Technologies, BSE, and NSE websites.
Final Thoughts: Is Sambhv Steel Tubes IPO Worth It?
Given its strong fundamentals, robust investor response, and positive GMP trajectory, the Sambhv Steel Tubes IPO appears to be positioned for a successful listing. However, as with any equity investment, it’s essential to consider both short-term listing gains and long-term business prospects.
Investors should monitor key industry trends and remain informed post-listing. As always, diversification and risk management should guide investment decisions.
With the Sambhv Steel Tubes IPO allotment date nearing, now is the time to stay updated, verify allotment status, and plan your next steps—whether that’s holding for long-term value or realizing listing-day gains.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult certified financial advisors before making any investment decisions.