The Vibhor Steel Tubes IPO commenced on February 13, 2024, and concluded on February 15, 2024. The allotment of shares took place on February 16, 2024, and the initiation of refunds began on February 19, 2024. The shares were credited to the demat accounts of investors on February 19, 2024. Finally, the listing of Vibhor Steel Tubes on the stock exchange occurred on February 20, 2024.
The Vibhor Steel Tubes IPO was priced at ₹141 to ₹151 per share, with a lot size of 99 shares. The total issue size was ₹72.17 crores, comprising a fresh issue of ₹72.17 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Vibhor Steel Tubes IPO Basic Details
| Company Name | Vibhor Steel Tubes Limited |
| Domain of Company | Steel Tube Manufacturer |
| Vibhor Steel Tubes IPO GMP Today | ₹130 |
| Vibhor Steel Tubes IPO Listing Gain | 86.09% |
| Vibhor Steel Tubes IPO Open Date | February 13, 2024 |
| Vibhor Steel Tubes IPO Close Date | February 15, 2024 |
| Vibhor Steel Tubes IPO Allotment Date | February 16, 2024 |
| Vibhor Steel Tubes IPO Listing Date | 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 |
| Company Promoters | Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik and M/s. Vijay Kaushik HUF |
Vibhor Steel Tubes IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹130 | 86.09% | – | – |
| 10 February 2024 | ₹130 | 86.09% | – | – |
| 9 February 2024 | ₹130 | 86.09% | – | – |
Vibhor Steel IPO Details:
Established in 2003, Vibhor Steel Tubes Limited is dedicated to producing, exporting, and providing steel pipes and tubes to various heavy engineering industries across India.
Our product range includes:
- ERW Pipes: Perfect for water transport, oil, gas, and other non-toxic supplies.
- Hot-Dipped Galvanized Pipes: Ideal for use in agriculture and infrastructure.
- Hollow Section Pipes: Available in square and rectangular forms.
- Primer Painted Pipes
- Crash Barriers: Suitable for railways, highways, and roads.
With manufacturing facilities located in Raigad, Maharashtra, and Mahabubnagar (Dist.), Telangana, along with a warehouse in Hisar, Haryana, we are strategically positioned to cater to diverse needs.
As of January 24, 2024, our company proudly employs a total of 640 permanent staff members, ensuring the highest quality in our products and services.
Vibhor Steel Tubes IPO More Details Click Here
Vibhor Steel Tubes IPO FAQs
When is Vibhor Steel Tubes IPO open?
Vibhor Steel Tubes IPO will open on 13 February 2024.
When is Vibhor Steel Tubes IPO Close?
Vibhor Steel Tubes IPO will be closed on 15 February 2024.
What is Vibhor Steel Tubes IPO GMP Today?
The Vibhor Steel Tubes IPO GMP aka Grey Market Premium is ₹130.
What is Vibhor Steel Tubes IPO Kostak Rates Today?
The Vibhor Steel Tubes IPO Kostak Rate is ₹000.
What is Vibhor Steel Tubes IPO Subject to Sauda Price Today?
The Vibhor Steel Tubes IPO subject to sauda rates is ₹000.
Vibhor Steel Tubes IPO Expected Returns?
The Vibhor Steel Tubes expected return is 86.09%.
How much will be the listing gain in Vibhor Steel Tubes IPO?
Vibhor Steel Tubes IPO will get listing gain of 86.09%. (Approx.)
