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Vibhor Steel Tubes IPO GMP, IPO Price Band, IPO Lot Size
Vibhor Steel Tubes IPO is opening for subscription on February 13, 2024, and closing on February 15, 2024. This Main-board IPO aims to raise ₹72.17 crore, with a 100% Fresh Issue, each with a face value of ₹10. The price band for the Vibhor Steel Tubes IPO is fixed at ₹141 – ₹151 Per Share, with a market lot of 99 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Vibhor Steel Tubes IPO Allotment will done on February 16, 2024, and Vibhor Steel Tubes IPO listing date is February 20, 2024.
Vibhor Steel Tubes Company Profile
Vibhor Steel Tubes Limited is a well-established manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, and Cold Rolled Steel (CR) Strips/ Coils. With two decades of industry presence, they supply steel pipes and tubes to various heavy engineering industries across India. Their product range caters to diverse applications such as frames, shafts, bicycle frames, furniture, shock absorbers, structural purposes, and engineering purposes, among others. They offer a wide variety of steel pipes and tubes in different shapes and sizes, including square, round, rectangular, elliptical, or custom shapes, as per customer specifications.
The product range of steel tubes is very wide. The lengths of the steel tubes are different unless otherwise specified by the customers. They manufacture steel pipes in various shapes and sizes such as square, round, rectangular and elliptical or any special shape.
The company has its quality team consisting of 627 dedicated employees working at various locations under the overall supervision of the Board of Directors. The quality control team ensures that both the raw materials and finished products are checked for all quality parameters to ensure that they meet international product standards.
Vibhor Steel Tubes IPO Objectives
The funds raised through the IPO will be utilized for:
- Augmenting additional working capital requirements
- General Corporate Purposes
Vibhor Steel Tubes IPO Key Details
- Vibhor Steel Tubes IPO Open Date: February 13, 2024
- Vibhor Steel Tubes IPO Close Date: February 15, 2024
- Vibhor Steel Tubes IPO Size: Approximately ₹72.17 crores, Equity Shares
- Face Value: ₹10 Per Equity Share
- Vibhor Steel Tubes IPO Price Band: ₹141 – ₹151 Per Equity Share
- Vibhor Steel Tubes IPO Listing on: NSE & BSE
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- HNI Quota: 15% of the net offer
Vibhor Steel Tubes IPO Timeline
- Vibhor Steel Tubes IPO Open Date: February 13, 2024
- Vibhor Steel Tubes IPO Close Date: February 15, 2024
- Basis of Allotment: February 16, 2024
- Refunds: February 19, 2024
- Credit to Demat Account: February 19, 2024
- Vibhor Steel Tubes IPO Listing Date: February 20, 2024
How to Apply for Vibhor Steel Tubes IPO
Investors can apply for the Vibhor Steel Tubes IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Vibhor Steel Tubes Financial Performance (in Crores)
- Year 2021: Revenue ₹511.51, Expense ₹507.35, PAT ₹0.69
- Year 2022: Revenue ₹818.48, Expense ₹803.12, PAT ₹11.33
- Year 2023: Revenue ₹1114.38, Expense ₹1086.15, PAT ₹21.07
Vibhor Steel Tubes Valuation FY2023
- Earning Per Share (EPS): ₹14.85 per Equity Share
- Price/Earning P/E Ratio: N/A
- Return on Net Worth (RoNW): 22.60%
- Net Asset Value (NAV): ₹65.71 per Equity Share
Vibhor Steel Tubes Peer Group
- APL Apollo Tubes Limited
- Hi – Tech Pipes Limited
- Goodluck India Limited
- Rama Steel Tubes Limited
Vibhor Steel Tubes Company Promoters
- Mr. Vijay Kaushik
- Mr. Vibhor Kaushik
- Mrs. Vijay Laxmi Kaushik
- M/s. Vijay Kaushik HUF
Vibhor Steel Tubes IPO Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: vibhor.ipo@kfintech.com
Vibhor Steel Tubes IPO Allotment Status Check
- Check the Vibhor Steel Tubes IPO allotment status on the Kfin Technologies website.
Vibhor Steel Tubes IPO Allotment Link
- Check the Vibhor Steel Tubes IPO allotment on the ipogmp.org website.
Vibhor Steel Tubes IPO Lead Managers (Merchant Bankers)
Khambatta Securities Limited
Vibhor Steel Tubes Company Address
Plot No. 2, Industrial Development Colony,
Delhi Road
Hisar,Haryana-125 005
India
Website: http://www.vstlindia.com/
Phone: +91 7030322880
Email: cs@vstlindia.com
Vibhor Steel Tubes IPO FAQs
What is Vibhor Steel Tubes IPO?
Vibhor Steel Tubes IPO is a Main-board IPO. They are going to raise ₹72.17 crores via IPO. The issue is priced at ₹141 – ₹151 Per equity share. The IPO is to be listed on NSE & BSE.
When will the Vibhor Steel Tubes IPO open?
The IPO is to open on February 13, 2024, for NII, and Retail Investors.
What is Vibhor Steel Tubes IPO Investors Portion?
The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.
How to Apply for the Vibhor Steel Tubes IPO?
You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Vibhor Steel Tubes IPO through Zerodha?
For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.
How to Apply the Vibhor Steel Tubes IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Vibhor Steel Tubes IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Vibhor Steel Tubes IPO Size?
Vibhor Steel Tubes IPO size is ₹72.17 crores.
What is Vibhor Steel Tubes IPO Price Band?
Vibhor Steel Tubes IPO Price Band is ₹141 – ₹151 Per equity share.
What is Vibhor Steel Tubes IPO Minimum and Maximum Lot Size?
The IPO bid is 99 Shares with ₹14,949.
What is Vibhor Steel Tubes IPO Allotment Date?
Vibhor Steel Tubes IPO allotment date is February 16, 2024.
What is Vibhor Steel Tubes IPO Listing Date?
Vibhor Steel Tubes IPO listing date is February 20, 2024. The IPO to list on NSE & BSE.
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