Sambhv Steel Tubes Allots 86.95 Lakh Warrants at ₹115 Each, Raising ₹25 Crore Upfront
- Capital raise
- Steel Tubes
Sambhv Steel Tubes Limited has told the exchanges that its board allotted 86,95,400 fully convertible equity warrants on a preferential basis on 17 Oct 2026, at ₹115 each, being a ₹28.75 subscription price plus a ₹86.25 exercise price. The company has received ₹24,99,92,750, about ₹25 crore, which is 25% of the issue price. The allotment follows a board resolution of 15 Jul 2026, shareholder approval at the extraordinary general meeting on 10 Aug 2026 and in-principle approvals from NSE and BSE dated 7 Oct 2026.
The allottees are Anjaneya Minerals Private Limited (promoter group, 66,08,600 warrants), Suresh Kumar Goyal and Vikas Kumar Goyal (promoters, 3,47,800 warrants each), and four non-promoters, Bhavesh Khetan, Bikash Agrawal, Saurabh Patil and Anu Garg, with 3,47,800 warrants each.
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