Sambhav Steel Tubes Ltd’s IPO is attracting strong investor interest in the grey market. The current Grey Market Premium (GMP) is around ₹11–12 per share, indicating a potential listing gain of 13–14% over the issue price. With high oversubscription levels and a solid GMP trend, the IPO is expected to debut positively on the stock exchange
https://digitalinternational.in/
GMP Overview (as of June 27, 2025)
Estimated GMP: ₹11–12 per share
Percentage premium: ~13–14% over the upper IPO band of ₹82
Estimated listing price: ₹93–94 per share in the grey market
Reddit commentary also reflects this range:
The sambhav steel ipo gmp is hovering in the ₹8‑10 range, pointing to a ~9‑12% listing premium
What This Indicates
A GMP of ₹11–12 suggests a strong expected listing gain of about 13–14%, signaling healthy investor optimism
Such GMP levels typically reflect expectations of high initial subscription and interest — consistent with the IPO being oversubscribed nearly 28×
https://digitalinternational.in/
Company & IPO Highlights
Business: One of India’s leading producers of Electric Resistance Welded (ERW) steel pipes and structural tubes, operating from Raipur with backward integration (iron‑ore, sponge iron, HR coil)
Issue Size: ₹540 cr total → ₹440 cr fresh equity + ₹100 cr via Offer For Sale (OFS).
Objective: Use ₹390 cr for debt repayment and remainder for general corporate purposes
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Summary
GMP (~₹11–12) indicates strong expected listing gain (13–15%).
Stellar subscription (~6.6×) demonstrates high multi‑segment demand.
Robust brokerage endorsements signal confidence, especially for medium‑long‑term investors.
Still, market cycles and raw material cost swings keep it somewhat risky.
https://digitalinternational.in/
Final Take
With GMP in the ₹11–12 range, the grey market is pricing in a solid listing gain—around 13–14% above the IPO price band. If you’re evaluating subscription, this strong GMP trend reinforces positive market sentiment and expected demand at listing
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