NewsVoir
Mumbai (Maharashtra) [India], June 10: Sambhv Steel Tubes Ltd., one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections) in India in terms of installed capacity as of March 31, 2024 (Source: CRISIL Report), successfully showcased its stainless-steel product portfolio at the prestigious Global Stainless-Steel Expo (GSS Expo) 2025. The event, held from June 4-6, 2025, at NESCO, Mumbai, is a platform for the stainless-steel industry, attracting manufacturers, buyers, consultants, OEMs, and infrastructure professionals from across the globe.
Participating for the first time, Sambhv introduced its stainless-steel product range, which includes:
* Stainless Steel Blooms and Slabs
* Stainless Steel Hot Rolled Annealed & Pickled (HR AP) Coils
* Stainless Steel CR Coils
With its backward-integrated facility in Chhattisgarh, Sambhv highlighted its ability to deliver stainless steel solutions across the value chain.
“GSS Expo 2025 has been an invaluable platform for us to connect with a highly engaged audience,” said Mr. Suresh Goyal, Chairman at Sambhv Steel. “The interest shown by consultants, EPC partners, and fabricators reinforces our confidence in the market’s demand for high-precision, corrosion-resistant stainless-steel solutions tailored for solar, construction, and industrial applications.”
The Sambhv stall attracted significant attention for its product quality, technical displays, and engaging brand storytelling. Visitors appreciated the company’s emphasis on innovation, sustainability, and reliability.
This milestone marks an important chapter in Sambhv’s marketing and branding strategy, underscoring its commitment to providing scalable and sustainable steel solutions that meet the evolving demands of India and international markets.
According to CRISIL Report, Sambhv Steel Tubes Limited is one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coil, as of March 31, 2024. It is the only player in India to manufacture narrow-width HR coil with backward integration capability, as of March 31, 2024.
The Company’s backward integration processes allow it to manufacture a range of finished products including ERW black pipes and tubes (hollow section) and galvanized iron (“GI”) pipes, using intermediate products such as sponge iron, blooms/slabs and hot rolled (“HR”) coil which are manufactured in-house. The installed capacity of ERW and GI pipes as of September 20, 2024 is 350,000 MTPA.
SAMBHV STEEL TUBES LIMITED is proposing, subject to, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offer of its Equity Shares and has filed the DRHP dated September 30, 2024 and the corrigendum dated November 28, 2024 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the Company at www.sambhv.com, SEBI at www.sebi.gov.in, websites of BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com and the website of the book running lead managers, i.e. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited at www.nuvama.com and www.motilaloswalgroup.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” of the RHP, when filed. Potential investors should not rely on the DRHP for making any investment decision.
This announcement does not constitute an offer of the Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration. Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares are not being offered or sold in the United States.
CRISIL Market Intelligence & Analytics (CRISIL MI&A), a division of CRISIL Limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. CRISIL MI&A operates independently of CRISIL’s other divisions and subsidiaries, including, CRISIL Ratings Limited. CRISIL MI&A’s informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisions for clients across diverse sectors and geographies. CRISIL MI&A’s strong benchmarking capabilities, granular grasp of sectors, proprietary analytical frameworks and risk management solutions backed by deep understanding of technology integration, makes it the partner of choice for public & private organisations, multi-lateral agencies, investors and governments for over three decades. For the preparation of the report, CRISIL MI&A has relied on third party data and information obtained from sources which in its opinion are considered reliable. Any forward-looking statements contained in the report are based on certain assumptions, which in its opinion are true as on the date of the report and could fluctuate due to changes in factors underlying such assumptions or events that cannot be reasonably foreseen. The report does not consist of any investment advice and nothing contained in the report should be construed as a recommendation to invest/disinvest in any entity. The industry report is prepared for use in the Offer Documents to be filed by the Company with the RoC, SEBI and the Stock Exchanges in India.
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