The Vibhor Steel Tubes date has been confirmed from February 13, 2024, and closes on February 15, 2024. Read the post to learn about Vibhor Steel Tubes IPO GMP.
Vibhor Steel Tubes IPO has a fixed price of Rs72.17 crores. The price range is ₹ 141- ₹ 151 per share. The minimal lot size for an operation is 99 shares. The minimal investment for retail investors is ₹ 14,949. The minimal lot size investment for sNII is 14 lots( 1,386 shares) for ₹ 209,286, while for bNII, it’s 67 lots( 6,633 shares) worth ₹1,001,583.
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Key Details Of Vibhor Steel Tubes IPO:
Bidding Dates
Feb 13-15
Price Range
₹141 to ₹151 per share
Face Value
₹10 per share
GMP
₹140
Vibhor Steel Tubes IPO GMP
The Vibhor Steel Tubes IPO GMP Today is ₹140.
Vibhor Steel Tubes IPO Overview
Vibhor Steel Tubes ’ IPO is a book- erected immolation worth Rs72.17 crore. This is a brand-new issue. Vibhor Steel Tubes ’ original public immolation( IPO) starts on February 13, 2024, and ends on February 15, 2024. The allotment for the Vibhor Steel Tubes IPO is listed to be completed on Friday, February 16, 2024. Vibhor Steel Tubes ’ IPO will be listed on the BSE and NSE, with a conditional table date of Tuesday, February 20, 2024.
The Vibhor Steel Tubes IPO pricing range is established at ₹ 141 to ₹ 151 per share. Vibhor Steel Tubes IPO GMP Today is ₹ 140. The minimal lot size for an operation is 99 shares. The minimal investment for retail investors is ₹ 14,949. The minimal lot size investment for sNII is 14 lots( 1,386 shares) for ₹ 209,286, while for bNII, it’s 67 lots( 6,633 shares) worth ₹1,001,583.
Vibhor Steel Tubes IPO Details
| IPO Date | February 13, 2024 to February 15, 2024 |
| Listing Date | [.] |
| 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 Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 293.63 | 248.54 | 172.93 |
| Revenue | 1,114.38 | 818.48 | 511.51 |
| Profit After Tax | 21.07 | 11.33 | 0.69 |
| Net Worth | 93.20 | 71.97 | 60.49 |
| Total Borrowing | 152.38 | 127.05 | 74.22 |
| Amount in ₹ Crore | |||
Vibhor Steel Tubes IPO Timeline
| 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 |
Company Profile
Vibhor Steel Tubes Limited, innovated in 2003, manufactures, exports, and inventories sword pipes and tubes to colorful heavy engineering companies in India. The company has two manufacturing installations in Raigad, Maharashtra, Mahabubnagar( Dist), Telangana, and a storehouse in Hisar, Haryana. As of September 28, 2023, the company employed 636 people, involving workers.
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.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Vibhor Steel Tubes Limited |
| Phone number | +91 7030322880 |
| Email ID | [email protected] |
| Website | vstlindia.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Vibhor Steel Tubes IPO FAQs
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.
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.
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.
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