Sambhv Steel Tubes544430Preferential allotment

Allotment of ~86.95 lakh fully convertible equity warrants at ₹115/- each on preferential basis

Sambhv Steel Tubes has allotted ~86.95 lakh fully convertible equity warrants on a preferential basis at ₹115/- per warrant.

By ScoutQuest · Sat 17 Oct 2026, 5:29 PM IST · 2 min read

₹115/-Warrant issue price per warrant

Warrant exercise price payable on conversion₹86.25/-

Warrant subscription price per warrant₹28.75/-

Warrant issue price per warrant ₹115/-: Warrant exercise price payable on conversion ₹86.25/-, Warrant subscription price per warrant ₹28.75/-.

Warrants Allotted: ~86.95 lakh fully convertible equity warrants
Issue Price per Warrant: ₹115/- per warrant
Subscription Amount Received: ₹28.75/- per warrant, being 25% of the issue price, totalling ~₹25 crore

What was allotted

Sambhv Steel Tubes has allotted ~86.95 lakh fully convertible equity warrants on a preferential basis at an issue price of ₹115/- per warrant. The Board approved the allotment by circular resolution dated October 16, 2026, and the allotment was made on October 17, 2026 at 3:23 p.m. Each warrant is convertible into one fully paid-up equity share of the company.

How the money comes in

Each warrant carried a subscription price of ₹28.75/-, which is 25% of the warrant issue price, paid upfront.
The company has received ~₹25 crore as warrant subscription consideration from the allottees.
The balance ₹86.25/- per warrant is payable when the warrants are converted into shares.

Who took the warrants

Anjaneya Minerals Private Limited, a promoter group entity, took 6,608,600 warrants.
The rest went to two promoters, Suresh Kumar Goyal and Vikas Kumar Goyal, and to four non-promoters — Bhavesh Khetan, Bikash Agrawal, Saurabh Patil and Anu Garg.
The allottees together paid the ~₹25 crore subscription amount.

Conversion window

Warrants can be converted in one or more tranches within a maximum of 18 months from the date of allotment, October 17, 2026.
If a warrant holder does not exercise the right within that period, the unexercised warrants lapse and the amount paid at subscription stands forfeited.

Effect on share capital

Because warrants are not equity shares, there is no change in the paid-up equity share capital of the company at this stage.
New shares, and therefore dilution for existing holders, arise only when warrants are converted. The update sets out each allottee's pre-issue holding and the holding assuming full conversion.

Background to the allotment

The move follows a special resolution passed by members at the Extra Ordinary General Meeting held on August 10, 2026, and a Board resolution of July 15, 2026.
In-principle approval letters dated October 07, 2026 were received from the National Stock Exchange of India Limited and BSE Limited.

What a retail investor can track

The larger part of the price, ₹86.25/- per warrant, reaches the company only if and when the warrants are converted.
The cash received now is ~₹25 crore, with the remainder payable at conversion within the 18-month window.

25%Subscription price as share of warrant issue price

Subscription price as share of warrant issue price: 25%.

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