Vibhor Steel Tubes IPO Details ( Vibhor Steel Tubes Limited IPO Review )
(13 Feb 2024 – 15 Feb 2024)
Established in 2003, Vibhor Steel Tubes Limited is dedicated to producing, exporting, and supplying steel pipes and tubes for various heavy engineering industries in India.
Our product range includes:
- ERW pipes suitable for water transport, oil, gas, and other non-toxic applications.
- Hot-dipped galvanized pipes designed for use in agriculture and infrastructure.
- Hollow section pipes available in square and rectangular forms.
- Primer painted pipes.
- Crash barriers designed for applications in railways, highways, and roads.
We operate from two manufacturing facilities located in Raigad, Maharashtra, and Mahabubnagar (Dist.), Telangana. Additionally, we have a warehouse in Hisar, Haryana.
As of January 24, 2024, Vibhor Steel Tubes Limited proudly employs a total of 640 permanent staff members.
Vibhor Steel Tubes Limited Company Product
- ERW “Electric Resistance Welded” Pipes
- Hot-Dipped Galvanized Pipes
- Hollow Section Pipes
- Primer Painted Pipes
- Crash Barriers
Vibhor Steel Tubes Limited IPO Competitive Strength
- Association with Jindal Pipes Limited
- Strategic location of manufacturing Units
- Experienced Promoters and senior management team
- International Accreditations
- Export of finished goods
- Well-developed distribution and marketing network
- Integrated manufacturing facility
- Stable Financial
Vibhor Steel Tubes IPO Financials Performance ( Results )
Vibhor Steel Tubes Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 172.93 | 511.51 | 0.69 | 0.49 | 60.49 | 42.64 | 58.74 | |
| 31-Mar-22 | 248.54 | 818.48 | 11.33 | 7.99 | 71.97 | 50.74 | 106.07 | |
| 31-Mar-23 | 293.63 | 1,114.38 | 21.07 | 14.85 | 93.20 | 65.71 | 126.83 | |
| 30-Sep-23 | 376.48 | 531.24 | 8.52 | 6.01 | 101.76 | 71.74 | 160.27 |
Objective of Vibhor Steel IPO Issue
- Funding of working capital requirements of the company; and
- General corporate purposes.
Vibhor Steel IPO Basic Details
| IPO Date | Feb 13, 2024 to Feb 15, 2024 |
| Listing Date | Tuesday, February 20, 2024 |
| Face Value | ₹10 per share |
| Price | ₹141 to ₹151 per share |
| Lot Size | 99 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹72.17 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹72.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 14,183,000 |
| Share holding post issue | |
| Company Promoters | Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik and M/s. Vijay Kaushik HUF |
Vibhor Steel IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Vibhor IPO Timetable
Vibhor IPO will open on February 13, 2024 and close on February 15, 2024. You can join Vibhor IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 13 February 2024 (Tuesday) |
| Closing Date | 15 February 2024 (Thursday) |
| Basis of Allotment | 16 February 2024 (Friday) |
| Initiation of Refunds | 19 February 2024 (Monday) |
| Credit of Shares to Demat | 19 February 2024 (Monday) |
| Listing Date | 20 February 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 15 February 2024 |
Vibhor Steel IPO Lot Size
For retail investors in Vibhor Steel IPO, 99 shares will come in 1 lot or the minimum investment will be ₹14,949. Retail-individual investors can apply for up to 13 lots or the maximum investment will be ₹194,337.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1,287 | ₹194,337 |
| S-HNI (Min) | 14 | 1,386 | ₹209,286 |
| S-HNI (Max) | 66 | 6,534 | ₹986,634 |
| B-HNI (Min) | 67 | 6,633 | ₹1,001,583 |
Vibhor Steel IPO Promoter Holding
The company’s promoters include Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik and M/s. Vijay Kaushik HUF.
| Pre Issue Share Holding | 98.24% |
| Post Issue Share Holding |
Vibhor Steel Tubes Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | |
| Earning Per Share (EPS) | ₹14.85 per Equity Share |
| Net Asset Value (NAV) | ₹65.71 per Equity Share |
| P/E Ratio (P/E) (x) | 10.17 |
| Post P/E Ratio (P/E) (x) | |
| Return on Net Worth (RoNW) (%) | 22.60 |
| Return on equity (ROE) (%) | 25.51 |
| Return on Capital Employed (ROCE) (%) | 16.48 |
| Debt/Equity Ratio | 1.63 |
| Price/Book Value Ratio | 2.30 |
Vibhor Steel Tubes IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹130 | – | – |
| 10 February 2024 | ₹130 | – | – |
| 9 February 2024 | ₹130 | – | – |
| 8 February 2024 | ₹130 | – | – |
Vibhor Steel Tubes IPO Detail Video:
Vibhor Steel IPO Subscription Status (Bidding Detail)
The Vibhor Steel IPO on February 15, 2024 at 7:30:00 PM was subscribed 320.05 times, with the retail category being subscribed 201.52 times, the NII (Non-Institutional Investor) category being subscribed 772.49 times, QIB (Qualified-Institutional Buyers) category being subscribed 191.41 times.
| Category | Subscription |
| QIB | 191.41x |
| NII | 772.49x |
| Retail | 201.52x |
| Employee | 215.79x |
| Total | 320.05x |
Vibhor Steel Tubes IPO Prospectus
| Vibhor Steel Tubes IPO DRHP | Download |
| Vibhor Steel Tubes IPO RHP | Download |
| Vibhor Steel Tubes IPO Anchor Investors Details PDF | Download |
Vibhor Steel Tubes IPO Rating
| Our Rating | 4.0/5.0 |
Vibhor Steel Tubes Company Contact Information
Vibhor Steel Tubes Limited
Registered Office: Plot No. 2, Industrial Development Colony, Delhi Road, Hisar, Haryana-125005, India.
Tel No.: +91 7030322880
E-mail: cs@vstlindia.com
Website: www.vstlindia.com
Contact Person: Mr. Lovkesh, Company Secretary & Compliance Officer
Promoters of Our Company: Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik and M/s Vijay Kaushik Huf
Vibhor Steel Tubes IPO Registrar
Kfin Technologies Limited
Registered Office: Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Gachibowli, Hyderabad – 500 032, India
Tel: +91 40 6716 2222
Email: vibhor.ipo@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No: INR000000221
Vibhor Steel Tubes IPO Lead Manager
Khambatta Securities Limited
Registered Office: 806, World Trade Tower, Tower B, Noida Sector-16, Uttar Pradesh-201301, India
Tel: 0120 4415469, 9953989693
Email: ipo@khambattasecurities.com
Investor Grievance Email: mbcomplaints@khambattasecurities.com
Website: www.khambattasecurities.com
Contact Person: Mr. Chandan Mishra; Mr. Vipin Aggarwal
SEBI Registration No.: INM000011914
Vibhor Steel Tubes IPO FAQs
What is the lot size of Vibhor Steel Tubes IPO?
The total size of Vibhor Steel Tubes IPO is ₹72.17 crores and this is a complete fresh Issue.
When will Vibhor Steel Tubes IPO start?
Vibhor Steel Tubes IPO will open from 13 February 2024 and IPO will close on 15 February 2024.
What is the open date of Vibhor Steel IPO?
Vibhor Steel IPO will open date from 13 February 2024.
What is the last date ( close date ) of Vibhor Steel IPO?
Vibhor Steel IPO will close from 15 February 2024.
What is the price band of Vibhor Steel Tubes IPO?
Vibhor Steel Tubes IPO price band is ₹141 to ₹151. ( Upper Price Band: ₹151, Lower Price Band: ₹141 )
What is the minimum amount required to apply for Vibhor Steel Tubes IPO?
The minimum investment for retailers to apply for Vibhor Steel Tubes IPO is ₹14,949 and the maximum investment is ₹194,337.
What is going on gray market premium of Vibhor Steel Tubes IPO?
View gray market premium of Vibhor Steel Tubes IPO by Clicking Here
How much is the GMP of Vibhor Steel Tubes IPO?
Watch Vibhor Steel Tubes IPO GMP Today: Click Here
What is the allotment date of Vibhor Steel Tubes IPO?
The allotment date of Vibhor Steel Tubes IPO is 16 February 2024.
How to check allotment status in Vibhor Steel Tubes IPO?
To check the allotment status of Vibhor Steel Tubes IPO, first of all go to the registrar website by clicking here, select your bad Vibhor Steel Tubes IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Vibhor Steel Tubes IPO?
The listing date of Vibhor Steel Tubes IPO is 19 February 2024.
How much will be the listing gain in Vibhor Steel Tubes IPO?
View listing gain of Vibhor Steel Tubes IPO by Clicking Here
How much time Vibhor Steel Tubes IPO is subscribed?
Total 320.05 times subscribed in Vibhor Steel Tubes IPO out of which 201.52 times subscription was done in retail quota, 772.49 times subscription in NII quota and 191.41 times subscription in QIB quota.
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