S&R Associates, ELP act on Sambhv Steel Tubes ₹540 crore IPO

Sambhv Steel Tubes Limited has made an initial public offering of ₹540 crore, comprising a fresh issue of equity shares aggregating to ₹440 crore and an offer for sale of equity shares aggregating to ₹100 crore.

S&R Associates advised Sambhv Steel Tubes on this IPO.

The transaction team was led by Juhi Singh (Partner), with support from Associates - Shwetank Sharma, Ishan Seth, Akshaya Rengan, Bhavya Upadhyay and Nidhi Raj.

Economic Laws Practice (ELP) advised the Book Running Lead Managers - Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited, on this IPO.

The transaction team was led by Geeta Dhania (Partner), with assistance from Tripti Pandey (Principal Associate), Ridhi Jain (Senior Associate), Shreya Srungarapu, Anusha Agarwal, and Shreya Prakash (Associates).

Sambhv Steel Tubes Limited is one of India’s key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections) in terms of installed capacity. The Company is amongst a very limited number of players in India, manufacturing stainless steel coils with backward integration.

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