The Vibhor Steel Tubes date has been confirmed from February 13, 2024 and closes on February 15, 2024.
Vibhor Steel Tubes Developers IPO is a fixed price issue of Rs 72.17 crores. The 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.
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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 is ₹140.
IPO Overview
Vibhor Steel Tubes’ IPO is a book-built issue worth Rs 72.17 crore. This is a totally new issue. The Vibhor Steel Tubes IPO will be open for subscription on February 13, 2024 and end on February 15, 2024. The allotment for the Vibhor Steel Tubes IPO is expected to be completed on Friday, February 16, 2024. Vibhor Steel Tubes IPO will be listed on the BSE and NSE, with a tentative listing date of Tuesday, February 20, 2024.
The Vibhor Steel Tubes IPO pricing range is established at ₹141 to ₹151 per share. The minimum lot size for an application is 99 shares. The minimum investment for retail investors is ₹14,949. The minimum lot size investment for sNII is 14 lots (1,386 shares) for ₹209,286, while for bNII, it is 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, established in 2003, manufactures, exports, and supplies steel pipes and tubes to various heavy engineering businesses in India. The company operates two production facilities in Raigad, Maharashtra, and Mahabubnagar (Dist.), Telangana, as well as a warehouse in Hisar, Haryana. As of September 28, 2023, the company had 636 employees, including 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 | vibhor.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Vibhor Steel Tubes Limited |
| Phone number | +91 7030322880 |
| Email ID | cs@vstlindia.com |
| Website | vstlindia.com |
IPO Strenghts
- 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.
