Vibhor Steel Tubes IPO

Vibhor Steel Tubes IPO

₹14,949 / 99 shares

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Vibhor Steel Tubes IPO Details

RHP/DRHP

Issue Date

13 Feb - 15 Feb'24

Price Range

₹141 - ₹151

Lot Size

99

IPO Size

₹72.17 Cr

Vibhor Steel Tubes IPO Listing Details

Listing On

20 Feb'24

Issue Price

₹151

Listed Price

₹ 425

Retail Gain/Listing Gain

▲181.46%

Schedule of Vibhor Steel Tubes IPO

Start date

13/02/2024

End date

15/02/2024

Allotment of bids

Refund Initiation

19/02/2024

Listing on exchange

20/02/2024

Company Background

Vibhor Steel Tubes manufactures and exports Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, and Cold rolled Steel (CR) Strips/Coils.

The company is essentially a 2-decade-old manufacturer, exporter and supplier of steel pipes and tubes to various heavy engineering industries in India.

With that, let's take a look at the competitive strength and risk factors for Vibhor Steel Tubes Limited:

Association with Jindal Pipes Limited

The company sells all its finished products under the brand name “Jindal Star” to JPL and its approved customers based on monthly card rates. As JPL facilitates the entirety of procurement and selling, pricing becomes transparent and passing of variation in raw material prices to the customers is effective.

Risk Factors

  • The company is in a long-term agreement with Jindal Pipes Ltd. regarding purchasing of products.
  • The company is dependent on, and derives a substantial portion of the revenue from a single customer.
  • The company, promoters/director and group companies are parties to certain legal proceedings.

Key Strategies

  • Expansion in international markets.
  • Continue to improve operating efficiencies through technology enhancements.
  • Strengthen goodwill.

Here are the key financials for Vibhor Steel Tubes Limited:

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How To Apply for Vibhor Steel Tubes Ltd IPO?

Here are the steps to apply for Vibhor Steel Tubes Ltd IPO:

Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Vibhor Steel Tubes IPO FAQs

The Vibhor Steel Tubes IPO opens for subscription from 13-02-2024 to 15-02-2024, with a total issue size of ₹72.17 Cr. The IPO price band is ₹141 to ₹151 per share with a lot size of 99. The company aims to list the shares on BSE & NSE on 20-02-2024.

The Vibhor Steel Tubes IPO will open for subscription on 13-02-2024 and will close on 15-02-2024 for investors.

The minimum lot size for the Vibhor Steel Tubes IPO is 99 equity shares, requiring a minimum investment of ₹14949 for retail investors applying in the IPO.

The price band of the Vibhor Steel Tubes IPO has been fixed at ₹141 to ₹151 per equity share.

You can apply for the Vibhor Steel Tubes IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Vibhor Steel Tubes IPO allotment will take place on [-].

You can check the Vibhor Steel Tubes IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Vibhor Steel Tubes shares will list on the stock exchanges on 20-02-2024.

You can find detailed information about the Vibhor Steel Tubes IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

The Vibhor Steel Tubes Limited IPO has an issue size of Rs. 72.17 crores. The IPO opens for subscription on 13th February 2024 and closes on 15th February 2024.

KFin Technologies Limited is the registrar for this IPO.

You may read more about Vibhor Steel Tubes Limited and its IPO from the company’s red herring prospectus (RHP) here:

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

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