S&R Associates acted as legal counsel to Sambhv Steel Tubes Limited, a major Indian manufacturer of electric resistance welded (ERW) steel pipes and structural tubes, and its selling shareholders on the company’s ₹5.40 billion initial public offering (IPO).
The IPO includes both a fresh issue of equity shares by Sambhv Steel Tubes Limited and an offer for sale (OFS) component by existing shareholders, helping the company raise growth capital while providing a partial exit for investors.
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Deal Overview
| Feature | Details |
|---|---|
| Issuer | Sambhv Steel Tubes Limited |
| IPO Size | ₹5.40 billion |
| Structure | Combination of fresh issue and offer for sale (OFS) |
| Legal Counsel to Issuer and Selling Shareholders | S&R Associates |
| Issuer-side Bookrunners | Not disclosed publicly |
| Sector | Steel Pipes & Structural Tubes Manufacturing |
Parties Involved
Issuer: Sambhv Steel Tubes Limited is a leading Indian manufacturer of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections) with significant installed capacity catering to the construction, infrastructure and engineering sectors.
Selling Shareholders: The IPO includes a portion offered by existing shareholders looking to monetise part of their holdings.
Legal Counsel: S&R Associates acted for both the issuer and the selling shareholders on all aspects of the IPO process including due diligence, drafting and regulatory approvals.
Bookrunning Lead Managers: Not publicly disclosed at the time of announcement.
S&R Associates Deal Team
The S&R Associates team advising Sambhv Steel Tubes Limited and its selling shareholders included:
Juhi Singh — Partner (Lead)
Shwetank Sharma — Associate
Ishan Seth — Associate
Akshaya Rengan — Associate
Bhavya Upadhyay — Associate
Nidhi Raj — Associate
The team handled end-to-end IPO legal support covering Indian law due diligence, preparation of the draft red herring prospectus, SEBI filings and regulatory compliance.
Key Transaction Highlights
Sambhv Steel Tubes is one of India’s leading ERW steel pipes and structural tubes manufacturers in terms of installed capacity.
The fresh issue proceeds will be used to expand production capabilities, modernise manufacturing lines, and for general corporate purposes.
The offer for sale provides an exit option to certain early shareholders while expanding the company’s public investor base.
Strategic Significance
The IPO is a key milestone for Sambhv Steel Tubes as it strengthens its capital base, supports capacity expansion and positions the company to tap into rising demand for steel pipes driven by India’s infrastructure, real estate and industrial growth.
For the selling shareholders, the partial exit through the OFS component realises value from their long-term stake while retaining strategic interests in the business.
Why It Matters
India’s steel and infrastructure segments remain core pillars of the country’s manufacturing and industrial expansion plans. Companies like Sambhv Steel Tubes, with significant installed capacity and diverse product offerings, are well-positioned to benefit from strong demand tailwinds. The Sambhv Steel Tubes IPO demonstrates sustained investor confidence in India’s growing manufacturing and infrastructure sectors.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
