Sambhv Steel Tubes Limited ₹540 crore Initial Public Offering to open on June 25, 2025

• Price Band fixed at ₹ 77 to ₹ 82 per equity share of face value of Rs10 each (“Equity Share”);
• Bid /Offer will open on Wednesday, June 25, 2025 and close on Friday, June 27, 2025. The Anchor Investor Bidding Date shall be Tuesday, June 24 , 2025
• Bids can be made for a minimum of 182 Equity Shares and in multiples of 182 Equity Shares thereafter;

Ahmedabad, June 21, 2025: Sambhv Steel Tubes Limited (“Sambhv” or the “Company”) shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Wednesday, June 25, 2025.

The total offer size of Equity Shares aggregating up to ₹ 5400 million [₹ 540 crore] comprises of fresh issue aggregating up to ₹ 4,400 million [₹ 440 crore] and Offer for Sale aggregating up to ₹ 1,000 million [₹ 100 crore] by Selling Shareholders. (“The Total Offer Size”).

The Anchor Investor Bidding Date shall be Tuesday, June 24, 2025.  The Bid/Offer will open on Wednesday, June 25, 2025 for subscription and will close on Friday, June 27 , 2025.

The Price Band of the Offer has been fixed at₹ 77 to ₹ 82 per Equity Share. Bids can be made for a minimum of 182 Equity Shares and in multiples of 182 Equity Shares thereafter.

The Company proposes to utilise net proceeds from fresh issue of Equity Shares towards Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by Company; and balance amount towards general corporate purposes (“Object of Issue”).

The offer for sale comprises of Equity shares aggregating up to ₹ 100.00 million [₹ 10 crore] by Shashank Goyal (the “Promoter Selling Shareholder”), aggregating up to ₹ 100.00 million [₹ 10 crore ] by Rohit Goyal (the “Promoter Selling Shareholder”), aggregating up to ₹ 350.00 million [₹ 35 crore ] by Kaushlya Goyal (the “Promoter Group Selling Shareholder”), aggregating up to ₹ 100.00 million [₹ 10 crore ] by Harsheet Goyal (the “Promoter Group Selling Shareholders”) and Rinku Goyal aggregating up to ₹ 350.00 million [₹ 35 crore ] (the “Other Selling Shareholder”). (Combined, “The Selling Shareholders”)

A discount of ₹ 4 Per Equity share is being offered to eligible employees bidding in the Employee Reservation portion

Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers or BRLMs to the Issue.

This Equity Shares are being offered through the red herring prospectus of the Company dated June …., 2025 (the “RHP”) filed with Registrar of Companies, Central Registration Centre “RoC”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”) and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”), provided that our Company may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from the Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation will be added to the remaining QIB Portion for proportionate allocation to QIBs.

Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price, out of which (a) one-third of such portion shall be reserved for Bidders with application size of more than ₹200,000 and up to ₹1,000,000; and (b) two-thirds of such portion shall be reserved for Bidders with application size of more than ₹ 1,000,000 provided that the unsubscribed portion in either of such sub-categories may be allocated to Bidders in the other sub-category of Non-Institutional Bidders; and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, the Equity Shares will be available for allocation on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid being Bids received from them at or above the Offer Price. All Bidders (except Anchor Investors) are mandatorily required to utilize the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders using the UPI Mechanism, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For further details, see “Offer Procedure” on page 525.

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.

Disclaimer:

Disclaimer: 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 fi led the RHP dated June 19, 2025 with the RoC. The RHP 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 “Risk Factors” of the RHP, on page 38. Potential investors should not rely on the DRHP for making any investment decision.

This announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from registration. Any public offering of securities 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 fi nancial statements. However, no offering of securities is being made in the United States.