Vibhor Steel Tubes IPO, valued at Rs 72.17 crores, is solely comprised of fresh shares and is set to enter the market as a book built issue. Subscription opened on February 13, 2024, and closed on February 15, 2024, investors have a limited window to participate.
The allotment process is anticipated to conclude on Friday, February 16, 2024, with the tentative listing date scheduled for Tuesday, February 20, 2024, on both BSE and NSE platforms. With a price band ranging from ₹141 to ₹151 per share, the minimum lot size for applications stands at 99 shares, requiring a minimum investment of ₹14,949 for retail investors.
Non-Institutional Investors (sNII) are required to invest at least 14 lots (1,386 shares) amounting to ₹209,286, while Qualified Institutional Buyers (bNII) must invest a minimum of 67 lots (6,633 shares) totaling ₹1,001,583. These investment thresholds cater to various investor categories, ensuring participation opportunities across the spectrum.
Here’s how you can check the allotment status of Vibhor Steel Tubes IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the KFin Technologies Limited website.
Step 2: Select the IPO name by clicking on ‘Company Selection’.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on February 19, 2024
Vibhor Steel Tubes Limited produces and ships a range of steel pipes and tubes, such as Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, and Cold rolled Steel (CR) Strips/Coils. Founded in 2003, the company mainly serves the heavy engineering sector in India. It provides a wide assortment of steel pipes and tubes in different lengths customized to meet customer requirements. Their manufacturing process covers various shapes and sizes, including square, round, rectangular, elliptical, or bespoke designs.
Vibhor Steel Tubes GMP
| Date | GMP |
| February 12 | ₹130 |
| February 11 | ₹130 |
| February 10 | ₹130 |
| February 09 | ₹125 |
| February 08 | ₹120 |
| February 07 | ₹120 |
With a price band of ₹151.00, the estimated listing price for Vibhor Steel Tubes IPO is ₹281.00 (the cap price plus today’s Grey Market Premium). This suggests an expected percentage gain per share of 86.09%.
