Sambhv Steel Tubes to raise up to Rs 100 crore via warrants on preferential basis
SAMBHV · price
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On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.0 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved issuing up to 86,95,400 fully convertible warrants at Rs 115 each (face value Rs 10, premium Rs 105) on a preferential basis to raise up to Rs 100 crore. The 7 allottees include promoters Suresh Kumar Goyal and Vikas Kumar Goyal, promoter group Anjaneya Minerals, and non-promoters Bhavesh Khetan, Bikash Agrawal, Saurabh Patil and Anu Garg. Warrants have 18-month tenure; 25 percent upfront, 75 percent on conversion to equity.
Potential dilution if warrants convert; promoter participation signals confidence. Subject to shareholder approval at EGM on August 10, 2026.