Vibhor Steel Tubes Limited IPO Details: Vibhor Steel Tubes IPO is a book built issue of Rs 72.17 crores. The issue is entirely a fresh issue.
Table of Contents
Vibhor Steel Tubes IPO opens for subscription on February 13, 2024 and closes on February 15, 2024. The allotment for the Vibhor Steel Tubes IPO is expected to be finalized on Friday, February 16, 2024. Vibhor Steel Tubes IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, February 20, 2024.
Vibhor Steel Tubes IPO price band is set at ₹141 to ₹151 per share. The minimum lot size for an application is 99 Shares. The minimum amount of investment required by retail investors is ₹14,949. The minimum lot size investment for sNII is 14 lots (1,386 shares), amounting to ₹209,286, and for bNII, it is 67 lots (6,633 shares), amounting to ₹1,001,583.
Vibhor Steel Tubes Limited IPO Details:
| IPO Date | February 13, 2024 to February 15, 2024 |
| Listing Date | Tuesday, February 20, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹141 to ₹151 per share |
| Lot Size | 99 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹72.17 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹72.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 14,183,000 |
Vibhor Steel Tubes Limited IPO Details – Reservation:
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Vibhor Steel Tubes Limited IPO Details – Timeline (Tentative Schedule):
Vibhor Steel Tubes IPO opens on February 13, 2024, and closes on February 15, 2024.
| IPO Open Date | Tuesday, February 13, 2024 |
| IPO Close Date | Thursday, February 15, 2024 |
| Basis of Allotment | Friday, February 16, 2024 |
| Initiation of Refunds | Monday, February 19, 2024 |
| Credit of Shares to Demat | Monday, February 19, 2024 |
| Listing Date | Tuesday, February 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 15, 2024 |
Vibhor Steel Tubes Limited IPO – Lot Size:
Investors can bid for a minimum of 99 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1287 | ₹194,337 |
| S-HNI (Min) | 14 | 1,386 | ₹209,286 |
| S-HNI (Max) | 66 | 6,534 | ₹986,634 |
| B-HNI (Min) | 67 | 6,633 | ₹1,001,583 |
About Vibhor Steel Tubes Limited:
Founded in 2003, Vibhor Steel Tubes Limited manufactures, exports and supplies steel pipes and tubes to various heavy engineering industries in India.
The company’s product portfolio includes:
- ERW pipes for application in water transport, oil, gas and other non-toxic supplies.
- Hot-dipped galvanized pipes for application in agriculture and infrastructure.
- Hollow section pipes in square and rectangular forms.
- Primer painted pipes
- Crash barriers for application in railways, highways, and roads.
The company has two manufacturing facilities in Raigad, Maharashtra and Mahabubnagar (Dist.), Telangana and a warehouse in Hisar, Haryana.
As of January 24, 2024 the company had a total of 640 permanent employees.
Vibhor Steel Tubes Limited Financial Information:
Vibhor Steel Tubes Limited’s revenue increased by 36.15% and profit after tax (PAT) rose by 85.91% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 376.48 | 293.63 | 248.54 | 172.93 |
| Revenue | 531.24 | 1,114.38 | 818.48 | 511.51 |
| Profit After Tax | 8.52 | 21.07 | 11.33 | 0.69 |
| Net Worth | 101.76 | 93.20 | 71.97 | 60.49 |
| Total Borrowing | 160.27 | 126.83 | 106.07 | 58.74 |
| Amount in ₹ Crore | ||||
Vibhor Steel Tubes Limited IPO Key Performance Indicator:
| KPI | Values |
|---|---|
| ROE | 25.51% |
| ROCE | 16.48% |
| Debt/Equity | 1.63 |
| RoNW | 22.60% |
| P/BV | 2.3 |
About Vibhor Steel Tubes IPO GMP:
The grey market price (GMP) trading normally starts about 4-5 days prior to IPO opening and continues till the listing date. In the case of Vibhor Steel Tubes Ltd, we already have GMP data for the last 2 days, which should give a reasonable picture of the likely listing price of the IPO.
There are 2 factors that impact the GMP. Firstly, the market conditions have a deep impact on the GMP, especially the liquidity conditions in the market. Secondly, the extent of subscription for the IPO has a deep impact on the GMP as it is indicative of investor interest in the stock. GMP can also technically be negative, which means the stock would list at a discount to the issue price.
There is one small point to remember here. The GMP is not an official price point, just a popular informal price point. However, in most cases, it has been observed to be a good informal gauge of demand and supply for the IPO. Hence it does give a broad idea of how the listing is likely to be and how the post-listing performance of the stock would be.
Vibhor Steel Tubes Limited IPO GMP or grey market premium is ₹120
FAQs for Vibhor Steel Tubes IPO:
What is Vibhor Steel Tubes IPO?
Vibhor Steel Tubes IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹72.17 Crores. The issue is priced at ₹141 to ₹151 per share. The minimum order quantity is 99 Shares.
The IPO opens on February 13, 2024, and closes on February 15, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Vibhor Steel Tubes IPO will open?
The Vibhor Steel Tubes IPO opens on February 13, 2024 and closes on February 15, 2024.
What is the lot size of Vibhor Steel Tubes IPO?
Vibhor Steel Tubes IPO lot size is 99 Shares, and the minimum amount required is ₹14,949.
How to apply for Vibhor Steel Tubes IPO?
You can apply in Vibhor Steel Tubes IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Vibhor Steel Tubes IPO allotment?
The finalization of Basis of Allotment for Vibhor Steel Tubes IPO will be done on Friday, February 16, 2024, and the allotted shares will be credited to your demat account by Monday, February 19, 2024. Check the Vibhor Steel Tubes IPO allotment status.
When is Vibhor Steel Tubes IPO listing date?
The Vibhor Steel Tubes IPO listing date is not yet announced. The tentative date of Vibhor Steel Tubes IPO listing is Tuesday, February 20, 2024.
What is the GMP for Vibhor Steel Tubes Limited IPO?
Vibhor Steel Tubes Limited IPO GMP or grey market premium is ₹120
Vibhor Steel Tubes Limited IPO Details with GMP # Vibhor Steel Tubes Limited IPO Details with GMP
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