Vibhor Steel Tubes IPO Review

 
Vibhor Steel Tubes IPO Review

IPO Open Date: February 13, 2024

IPO Close Date: February 15, 2024

IPO Price: ₹141 to ₹151 per share

Lot Size: 99 Shares

Listing: February 20, 2024

Vibhor Steel Tubes is scheduled to hit the market on February 13, 2024 and close on February 15, 2024. Vibhor Steel Tubes plans to raise around ₹72.17 Cr through an IPO with a sale of up to equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Established in 2003, Vibhor Steel Tubes Limited is a company that specializes in manufacturing, exporting, and supplying steel pipes and tubes to various heavy engineering industries in India. Their product range includes ERW pipes for water transport, oil, gas, and other non-toxic supplies, hot-dipped galvanized pipes for agriculture and infrastructure applications, hollow section pipes in square and rectangular forms, primer painted pipes, and crash barriers for railways, highways, and roads. With manufacturing facilities in Raigad, Maharashtra and Mahabubnagar (Dist.), Telangana, as well as a warehouse in Hisar, Haryana, the company ensures efficient production and distribution of its products.

As of September 28, 2023, Vibhor Steel Tubes Limited had a workforce of 636 employees, including workers. The company's commitment to quality and innovation has positioned it as a reliable supplier in the steel pipe and tube industry. Through their dedication to providing high-quality products to heavy engineering sectors, Vibhor Steel Tubes Limited continues to play a significant role in India's industrial landscape.

Vibhor Steel Tubes


Vibhor Steel Tubes IPO Details

Vibhor Steel Tubes IPO opens on Feb 13, 2024, and closes on Feb 15, 2024. The Listing date for Vibhor Steel Tubes IPO is on Feb 20, 2024. The price band for IPO is ₹141 to ₹151 per share and lot size of 99 Shares.

IPO DateFeb 13, 2024 to Feb 15, 2024
Listing DateFeb 20, 2024
Price₹141 to ₹151 per share
Lot Size99 Shares
Issue Size₹72.17 Cr
Face Value₹10 per share

Vibhor Steel Tubes IPO Tentative Timetable

Vibhor Steel Tubes opening date is February 13, 2024 and close date is February 15, 2024. The IPO allotment date is February 16, 2024. The refund initiation of IPO is on February 19, 2024. The credit of shares in demat account is on February 19, 2024. The listing date is on February 20, 2024.

EventDate
IPO OpeningFeb 13, 2024
IPO ClosingFeb 15, 2024
IPO Allotment DateFeb 16, 2024
Refund InitiationFeb 19, 2024
Shares Credit to DematFeb 19, 2024
Lisiting DateFeb 20, 2024

Vibhor Steel Tubes IPO Lot Size

Lot Size of this IPO is 99 shares. A retail-individual investor can apply for up to 13 lots (1287 shares or ₹194,337).

CategoryLotsSharesAmount
Retail(Minimum)199₹14,949
Retail(Maximum)131287₹194,337
S-HNI (Minimum)141,386₹209,286
B-HNI (Minimum)676,633₹1,001,583

Vibhor Steel Tubes IPO Promoter Holding

Pre Issue Share Holding98.24%
Post Issue Share Holding%

Vibhor Steel Tubes IPO Review

Vibhor Steel Tubes Limited is set to launch its Initial Public Offering (IPO) soon, aiming to raise funds from the market. The company's Earnings Per Share (EPS) stands at 14.85, reflecting its profit distribution to each outstanding share. With a Price-to-Earnings (P/E) ratio of 10.17, investors can gauge the company's stock valuation compared to its earnings. Additionally, the Return on Net Worth (RoNW) of 22.60% highlights the efficiency of utilizing shareholders' funds to generate profits. These factors indicate a promising investment opportunity for those considering participating in the IPO.

Comparing Vibhor Steel Tubes with its peers such as Apl Apollo Tubes Ltd., Hi-tech Pipes Limited, Goodluck India Ltd, and Rama Steel Tubes Ltd., investors can assess its financial standing and growth potential. While each company has its unique strengths, Vibhor Steel Tubes' competitive Price-to-Book Value (P/BV) ratio of 2.30 showcases a balanced approach to stock valuation. The company's Net Asset Value (NAV) per share of Rs. 65.71 underlines its asset backing for each outstanding share. Overall, Vibhor Steel Tubes' IPO presents a compelling opportunity for investors seeking exposure to the steel tubes industry with a promising outlook for future growth and returns.

In conclusion, Vibhor Steel Tubes Limited's upcoming IPO offers investors a chance to be part of a well-established company with solid financial metrics and growth prospects in the steel tubes sector. The company's strong EPS, favorable P/E ratio, and impressive RoNW position it as an attractive investment option in the market. By leveraging these key indicators and conducting thorough due diligence, investors can make informed decisions regarding their participation in Vibhor Steel Tubes' IPO, potentially reaping rewards in the long term.

Vibhor Steel Tubes IPO Subscription Status (Bidding Details)

Table not found

Vibhor Steel Tubes IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Vibhor Steel Tubes IPO FAQs

What is Vibhor Steel Tubes IPO?

Vibhor Steel Tubes is issuing … equity shares with a face value of ₹10 each, totaling up to ₹72.17 Cr. The shares are being offered at a price of ₹141 to ₹151 each, with a minimum order quantity of 99 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Vibhor Steel Tubes IPO will open?

Vibhor Steel Tubes will open on February 13, 2024 for QIB, NII, and Retail Investors.

When Vibhor Steel Tubes IPO will end?

Vibhor Steel Tubes will end on February 15, 2024.

What is Vibhor Steel Tubes IPO Size?

Vibhor Steel Tubes IPO size is ₹72.17 Cr.

What is Vibhor Steel Tubes IPO Price Band?

Vibhor Steel Tubes price band is ₹141 to ₹151 per share.

What is the Vibhor Steel Tubes IPO Allotment Date?

Vibhor Steel Tubes allotment date is February 16, 2024.

What is the Vibhor Steel Tubes IPO Listing Date?

Vibhor Steel Tubes listing date is February 20, 2024. The IPO is to be listed on BSE and NSE.

How to Vibhor Steel Tubes IPO through Zerodha?

To apply for the IPO “Vibhor Steel Tubes” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Vibhor Steel Tubes IPO through Upstox?

To apply for the IPO “Vibhor Steel Tubes” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Vibhor Steel Tubes IPO Allotment Status?

For Vibhor Steel Tubes IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Vibhor Steel Tubes IPO GMP?

You can check out here: Vibhor Steel Tubes IPO GMP

Sharing Is Caring:
Avatar of Manish Sharma
About Manish Sharma

I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

Leave a Comment