IPO Details
Bidding Dates
12 Feb '24 - 14 Feb '24
Minimum Investment
₹14,949 / 1 Lot ( 99 Shares )
Price Range
₹141 - ₹151
Maximum Investment
₹194,337 / 13 Lots ( 1287 Shares )
Retail Discount
Not Applicable
Issue Size
₹72.17 Cr
Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers (QIB) |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Feb 12, 2024
Closing Date
Feb 14, 2024
Basis of Allotment
Feb 15, 2024
Initiation of Refunds
Feb 18, 2024
Credit of Shares to Demat
Feb 18, 2024
Listing Date
Feb 19, 2024
Cut-off time for UPI mandate confirmation
Feb 14, 2024
Vibhor Steel Tubes IPO Subscription Details
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
Day 1Feb 12, 2024 |
3.81x | 52.14x | 35.71x | 30.22x | 30.12x |
Day 2Feb 13, 2024 |
9.13x | 270.50x | 97.45x | 85.48x | 109.08x |
Day 3Feb 14, 2024 |
191.41x | 771.58x | 197.92x | 208.57x | 318.01x |
Vibhor Steel Tubes IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 191.41 |
| Non-Institutional Buyers | 771.58 |
| Retail Investors | 197.92 |
| Employees | 208.57 |
| Total | 318.01 |
About Vibhor Steel Tubes Limited
Incorporated in 2003, Vibhor Steel Tubes Limited is a manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, and Cold rolled Steel (CR) Strips/ Coils. In addition, the company is also involved in the manufacturing and supply of finished goods for “Jindal Pipes Limited” under the brand Jindal Star.
The company has two manufacturing plants located in Maharashtra and Telangana. In addition, it has one warehouse situated in Hisar, Haryana.
Steel plays a crucial role in various sectors such as construction, railways, oil & gas, and agriculture. India acts as an established player in steel pipes globally. The production of steel tubes and pipes witnessed a CAGR of ~10% during FY19-FY23. The company is optimistic that the growth momentum of the steel pipes and tubes will likely continue in the medium term on the back of rising demand from key end-user industries, including oil & gas, infrastructure, real estate, etc.
Vibhor Steel Tubes Limited IPO Details
Vibhor Steel Tubes Limited IPO Date
Retail investors can bid for the Vibhor Steel Tubes Limited IPO. The issue will be open from February 13, 2024, and will close on February 15, 2024.
Vibhor Steel Tubes Limited IPO Price Band
Vibhor Steel Tubes Limited is a fresh issue of ₹72.17 crore. It is a book-building issue. The price range of the IPO has been set at ₹141 to ₹151 per share.
Vibhor Steel Tubes Limited IPO Lot Size
The lot size of the IPO is 99 shares, and the minimum investment of Vibhor Steel Tubes Limited's IPO will be ₹14,949.
Vibhor Steel Tubes Limited IPO Objectives
The objectives of the offer are listed below:
- Funding of working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, Vibhor Steel Tubes Limited has 4 listed peers.
- APL Apollo Tubes Limited.
- Hi-Tech Pipes Limited.
- Goodluck India Limited.
- Rama Steel Tubes Limited.
How To Check the Allotment Status of the Vibhor Steel Tubes Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Vibhor Steel Tubes Limited
Registered office: Plot No. 2, Industrial Development Colony, Delhi Road, Hisar, Haryana-125005, India.
Phone: +91 7030322880
E-mail: cs@vstlindia.com
IPO Financials
| Particulars | Period Ended on September 30, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021t After Tax |
|---|---|---|---|---|
| Total Income | 53,124.24 | 1,11,437.82 | 81,848.07 | 51,150.97 |
| Profit After Tax (PAT) | 852.13 | 2,106.62 | 1,133.11 | 68.83 |
| Total Assets | 37,648.43 | 29,363.00 | 24,853.56 | 17,293.37 |
| Total Borrowings | 18,667.52 | 15,237.76 | 12,705.13 | 7,421.53 |
Know before investing
Strengths
2-
The company is associated with Jindal Pipes Limited (JPL). It sells all its finished products under the brand name “Jindal Star” to JPL and its approved customers based on monthly card rates.
-
The company has successfully exported finished goods to around 10 countries across the globe. In addition, it is seeking to continue its strategy of diversifying and expanding its presence in these regions for the growth of its business.
Risks
2-
The company is exposed to risk arising from the increase in input cost, which can impact the business's profitability.
-
The company operates in an industry which is filled with intense competition from organised and unorganised players. This can impact the result of operations.
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Vibhor Steel Tubes Limited IPO FAQs
Vibhor Steel Tubes Limited is a fresh issue of ₹72.17 crore. It is a book-building issue.
The Basis of Allotment will be on February 16, 2024.
The IPO subscription window will open on February 13, 2024, and will close on February 15, 2024.
Retail investors can apply for a minimum of one lot, which is 99 shares.
Vibhor Steel Tubes Limited IPO will be listed on BSE and NSE. The IPO will be listed on February 20, 2024.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
