New Delhi, Aug. 6 -- Sambhav Steel, a fast-growing manufacturer of steel pipes and structural tubes, made a remarkable entry on Dalal Street.

The company raised Rs.540 crores through an initial public offering (IPO), comprising Rs.440 crores as fresh issue and Rs.100 crores via offer for sale. It listed at Rs.110 on 2 July, at a 34% premium to the upper price band of Rs.82 per share.

Prima facie, it looks like a smaller player-and it certainly is. But its financial metrics are anything but ordinary. That's what caught the Street's attention. The company now aims to triple its revenue to Rs.4,500 crores by FY28, up from Rs.1,511 crores in FY25. To support this, it has lined up multiple capacity expansions.

That's not all. Following the ...