BSE & NSE
13 Feb - 15 Feb '24
₹141 - ₹151
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.
|Application opens on
|13th February 2024
|Last date of application
|15th February 2024
|Date of Allotment
|16th February 2024
|Refund begins from
|19th February 2024
|Credit of shares to Demat
|19th February 2024
|20th February 2024
The company is the main provider of tubes and pipes to Jindal Pipes Ltd. and currently holds a long-term contract spanning approximately 6 years. According to management, this contract isn't exclusive, allowing the company the freedom to sell its products in open markets. The company has shown growth in both its revenue and profit for the periods reported. Considering the annualized earnings for FY24, it seems that the stock is fully valued. Knowledgeable investors might consider investing funds for the medium term.
Check out the financial performance of Vibhor Steel Tubes for recent years:
|Rs 293.63 crore
|Rs 1,114.38 crore
|Rs 21.07 crore
|Rs 248.54 crore
|Rs 818.48 crore
|Rs 11.33 crore
|Rs 172.93 crore
|Rs 511.51 crore
|Rs 0.69 crore
The remaining proceeds from the Issue after deducting issue-related expenses (Net Proceeds) will be allocated as follows:
You can apply for the Vibhor Steel Tubes Ltd. IPO in these ways:
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
What are the opening and closing dates for Vibhor Steel Tubes IPO?
Vibhor Steel Tubes IPO will open for subscription on February 13 and close on February 15.
What is the price band for Vibhor Steel Tubes IPO?
The price band for Vibhor Steel Tubes IPO is ₹141 to ₹151 per share.
Who is taking part in the OFS?
Vibhor Steel Tubes IPO is a book built issue of Rs 72.17 crores. The issue is entirely a fresh issue. Hence, there is no OFS component.
What is the minimum and maximum lot size for the Vibhor Steel Tubes IPO?
For the IPO application, the minimum lot size is 99 shares. Retail investors are required to invest a minimum amount of ₹14,949.
Who are Vibhor Steel Tubes IPO Lead Managers?
Khambatta Securities Ltd is the sole Book Running Lead Manager (BRLM) to the issue.
Who is the registrar of the issue?
KFin Technologies Limited is the registrar for Vibhor Steel Tubes IPO.
When will the Vibhor Steel Tubes IPO allotment take place?
The finalisation of the basis of allotment for Vibhor Steel Tubes IPO will be done on February 16 2024, and the allotted shares will be credited to investors’ demat accounts by February 19.
When and where will the Vibhor Steel Tubes shares be listed?
The equity shares of Vibhor Steel Tubes are proposed to be listed on February 20 ,2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).