Sambhv Steel Tubes IPO

Incorporated in 2017, Sambhv Steel Tubes Limited is a manufacturer of electric resistance welded (“ERW”) steel pipes and structural tubes (hollow section) in India. The company's manufacturing facility is located in Village - Sarora, Tehsil Tilda, Raipur (“Sarora (Tilda) Facility”) in the mineral-rich state of Chhattisgarh. The company's iron ore is sourced from “Navratna” public sector undertaking (“PSU”) mining company’s mines and coal from a “Maharatna” PSU through one of its highest coal producing subsidiary whose mines are Asia’s largest coal mines and are merely 250 kilometres from our Sarora (Tilda) Facility. As of March 31, 2024, The company has have a wide distribution network in India which extends across 15 states and one union territory as of December 31, 2024. The company has a widespread presence in the Indian states of Chhattisgarh, Maharashtra, Gujarat, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana. Sambhv Steel Tubes Limited's sales and marketing team comprises 23 personnel, as of July 31, 2024. Products: Sponge iron: Sponge iron is used for the manufacturing of crude steel (blooms/ slabs). Blooms/ slabs (Mild steel and stainless steel): Blooms can be rolled into multiple long and flat finished products. Narrow-width HR coil (mild steel and stainless steel): The majority of inhouse narrow-width HR coil to manufacture ERW black pipes and tubes. They also sell HR coils to other manufacturers who use HR coil as a raw material. GI pipe: They sell GI pipes and tubes primarily to distributors and directly to various consumers, which include certain government projects. Competitive Strengths: The only single location backwards integrated facility in India. Strategically located manufacturing plants resulting in operational efficiencies. Strong process innovation and execution capabilities allowing us to produce value-added products. Wide-spreadwell-connected distribution network across India. Well-positioned to take advantage of the growing demand for quality ERW steel pipes and tubes. Experienced Promoters and management team with vast experience in the steel industry. Track record of healthy financial performance.

The Company Sambhv Steel Tubes IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company; and 390.00 2 General corporate purposes.

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