Sambhv Steel Tubes Reports No Deviation in IPO Fund Utilization
Sambhv Steel Tubes Limited has fully adhered to its stated IPO objectives for the quarter ended September 30, 2025. The company raised Rs. 440.00 crore through its IPO, with Rs. 390.00 crore used for debt repayment across multiple banks, Rs. 20.96 crore for general corporate purposes, Rs. 25.41 crore for issue-related expenses, and Rs. 3.63 crore remaining unutilized. The debt repayment objective was completed on schedule in Fiscal 2026, demonstrating the company's commitment to transparent financial practices.
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Sambhv Steel Tubes Limited has reported no deviation from its stated Initial Public Offering (IPO) objectives for the quarter ended September 30, 2025, according to the company's latest monitoring agency report.
IPO Details and Fund Utilization
The company raised Rs. 440.00 crore through its IPO held from June 25-27, 2025. CARE Ratings Limited, serving as the monitoring agency, confirmed that the fund utilization aligned with the offer document. The breakdown of the fund utilization is as follows:
| Objective | Amount (in Rs. crore) |
|---|---|
| Repayment of outstanding borrowings | 390.00 |
| General corporate purposes | 20.96 |
| Issue-related expenses | 25.41 |
| Unutilized amount | 3.63 |
| Total | 440.00 |
Debt Repayment
Sambhv Steel Tubes used Rs. 390.00 crore to repay outstanding borrowings across multiple banks:
- Yes Bank: Rs. 54.86 crore (including Term Loan of Rs. 54.57 crore and GECL of Rs. 0.29 crore)
- State Bank of India (SBI): Rs. 125.75 crore (including Term Loan of Rs. 77.78 crore, GECL of Rs. 0.65 crore, and CC of Rs. 30.00 crore)
- HDFC Bank: Rs. 141.90 crore (including Term Loan of Rs. 107.25 crore, GECL of Rs. 9.65 crore, and CC of Rs. 25.00 crore)
- Axis Bank: Rs. 67.50 crore (including Term Loan of Rs. 62.50 crore and CC of Rs. 5.00 crore)
- Bajaj Finance Limited: Term Loan of Rs. 17.22 crore
General Corporate Purposes
For general corporate purposes, Rs. 20.96 crore was utilized primarily for vendor payments related to raw material purchases. The company transferred funds to SBI and Axis Bank accounts, from which payments were made to various vendors.
Issue Expenses
The company incurred Rs. 25.41 crore in issue-related expenses. This includes Rs. 9.35 crore claimed as reimbursement for earlier expenses and Rs. 16.06 crore in new issue expenses incurred in Q2 FY26.
Unutilized Funds
The unutilized amount of Rs. 3.63 crore remains parked in a Kotak Mahindra Public Offer account.
Timely Completion
The monitoring agency report confirms that the debt repayment objective was completed as scheduled in Fiscal 2026 with no delays reported.
This report demonstrates Sambhv Steel Tubes' commitment to transparent financial practices and adherence to its stated IPO objectives. The company's prompt debt repayment and strategic allocation of funds for general corporate purposes indicate a focus on strengthening its financial position and supporting operational needs.
Historical Stock Returns for Sambhv Steel Tubes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.68% | -0.30% | -0.25% | -7.45% | -2.86% | -2.86% |
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