07-Feb-2024
2 mins read
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Vibhor Steel Tubes Limited IPO 2024 is open for subscription from Tuesday, February 13, 2024 and will close on Thursday, February 15, 2024. The price band for this IPO is decided at Rs 141 to Rs 151 per share. The minimum lot size of this application for the retail category has 99 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 1386 shares. Whereas, the minimum lot for big non-institutional investors is 67 lots consisting of 6633 shares. The minimum amount of investment required for retail category investors is Rs 14,949 (151 x 99 shares). However, for small non-institutional investors the minimum investment amount is required Rs 2,09,286 ( 151 x 1386 shares) and for big non-institutional investors is Rs 10,01,583 (151 x 6633 shares). Vibhor Steel Tubes Limited IPO 2024 is a book-built issue of Rs 72.17 crores. The issue is entirely a fresh issue. The allotment for this IPO is expected to be finalized on Friday, February 16, 2024. Vibhor Steel Tubes Limited IPO will list on both BSE, NSE and listing date fixed on Tuesday, February 20, 2024. The book running lead managers of Vibhor Steel Tubes Limited are Khambatta Securities Limited. The registrar for this IPO is Kfin Technologies Limited.
About Vibhor Steel Tubes Limited
Vibhor Steel Tubes Limited was founded in 2003, it is engaged in the business of manufacturing, exports and supplies steel pipes and tubes to various heavy engineering industries in India. The portfolio of the Vibhor Steel Tubes Limited includes ERW pipes for application in water transport, oil, gas and other non-toxic supplies. Also, it includes Hot-dipped galvanized pipes for application in agriculture and infrastructure, Hollow section pipes in square and rectangular forms, Primer painted pipes, Crash barrier for application in railways, highways and roads. The company has two manufacturing facilities in Raigad, Maharashtra and Mahabubnagar, Telangana and a warehouse in Hisar, Haryana. As of September 2023, the company had a total 636 employees including workers.
Objectives of the Issue
The objective of the issue is to raise funds from the general public to fund the working capital requirements of the company. Other than this, the net proceeds from the issue will cover the general corporate expenses and issue expenses.
Financial Performance of Vibhor Steel Tubes Limited
Between the financial year ending with March 31, 2023 and March 31, 2022. Company’s revenue increased by 36.15% and profit after tax increased by 85.91%.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 93.2 | 71.97 | 60.49 |
| Total Borrowing | 152.38 | 127.05 | 74.22 |
| Amt in Rs. crore |
Other Important Details of Vibhor Steel Tubes Limited IPO
| IPO Date | February 13, 2024 to February 15, 2024 |
| Listing Date | 20-Feb-24 |
| Face Value | Rs10 per share |
| Price Band | Rs 141 to Rs 151 per share |
| Lot Size | 99 Shares |
| Total Issue Size | shares: not yet announced amounting to Rs 72.17 Crore |
| Fresh Issue | shares: not yet announced amounting to Rs 72.17 Crore |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 14,183,000 |
Lot Size of Vibhor Steel Tubes Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 99 | Rs 14,949 |
| Retail (Max) | 13 | 1287 | Rs 194,337 |
| S-HNI (Min) | 14 | 1,386 | Rs 209,286 |
| S-HNI (Max) | 66 | 6,534 | Rs 986,634 |
| B-HNI (Min) | 67 | 6,633 | Rs 1,001,583 |
IPO Reservation of Vibhor Steel Tubes Limited
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Promoters and Shareholdings of Vibhor Steel Tubes Limited
The promoters of the company are Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik and M/s. Vijay Kaushik HUF.
| Shareholding Pre Issue | 98.24% |
| Shareholding Post Issue |
Time-Table of Vibhor Steel Tubes Limited IPO 2024
| 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 |
Key Performance Indicator of Vibhor Steel Tubes Limited IPO 2024
| KPI | Values |
| ROE | 25.51% |
| ROCE | 16.48% |
| Debt/Equity | 1.63 |
| RoNW | 22.60% |
| P/BV | 2.3 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 14.85 | 0 |
| P/E (x) | 10.17 |
Lead Manager(s) of Vibhor Steel Tubes Limited IPO 2024
The book running lead managers for Vibhor Steel Tubes Limited IPO are Khambatta Securities Limited.
How to Apply for Vibhor Steel Tubes Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Vibhor Steel Tubes Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Vibhor Steel Tubes Limited IPO 2024
The registrar for Vibhor Steel Tubes Limited IPO is Kfin Technologies Limited. To check your allotment status, please click on this link below https://ris.kfintech.com/ipostatus/
FAQs
- What is Vibhor Steel Tubes Limited IPO 2024?
Vibhor Steel Tubes Limited IPO 2024 is a book-built issue of Rs 72.17 crores. The issue is entirely a fresh issue. The price band for this IPO is decided at Rs 141 to Rs 151 per share. The minimum lot size of this application for the retail category has 99 shares. The minimum amount of investment required for retail category investors is Rs 14,949.
- Who are the lead managers for the Vibhor Steel Tubes Limited IPO 2024?
Khambatta Securities Limited are appointed as the lead managers for the IPO.
- What is the role of Kfin Technologies Limited in this IPO?
Kfin Technologies Limited is the registrar for the Vibhor Steel Tubes Limited handling the IPO’s administrative aspects.
- How can I apply for the Vibhor Steel Tubes Limited IPO 2024?
The public subscription of this IPO will begin soon. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The objective of the issue is to raise funds from the general public to fund the working capital requirements of the company. Other than this, the net proceeds from the issue will cover the general corporate expenses and issue expenses.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Vibhor Steel Tubes Limited IPO 2024 by clicking on this link https://ris.kfintech.com/ipostatus/
- What is the financial performance of Vibhor Steel Tubes Limited?
Between the financial year ending with March 31, 2023 and March 31, 2022. Vibhor Steel Limited revenue increased by 36.15% and profit after tax increased by 85.91%.