Vibhor Steel Tubes Limited

13 Feb 2024 - 15 Feb 2024 Individual Category NSE

Min Investment

₹27918

Price Band

₹141-₹151

Issue Size

35.92 lakhs
Equity Shares

Lot Size

99 (per lot)

IPO Dates
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13 Feb 2024

Open Date

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15 Feb 2024

Close Date

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16 Feb 2024

Allotment Date

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20 Feb 2024

Listing Date

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.

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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.

Founded

2003

Managing Director

Vibhor Kaushik

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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