The Vibhor Steel Tubes IPO started on February 13, 2024, and ended on February 15, 2024. Shares were allocated on February 16, 2024, and refund processes began on February 19, 2024. On February 19, 2024, the shares were credited to investors demat accounts. Vibhor Steel Tubes was officially listed on the stock exchange on February 20, 2024.
During the IPO, Vibhor Steel Tubes offered shares at a price range of ₹141 to ₹151 per share, and the lot size was 99 shares. The total issue size was ₹72.17 crores, with ₹72.17 crores from new shares. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Vibhor Steel Tubes IPO Subscription Update Video
Vibhor Steel Tubes IPO Subscription Status
The Vibhor Steel Tubes IPO on February 15, 2024 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, the 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 IPO Basic Details
| Company Name | Vibhor Steel Tubes Limited |
| Domain of Company | Steel Tube Manufacturer |
| 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 |
About Vibhor Steel Tubes Limited
Established in 2003, Vibhor Steel Tubes Limited is a leading manufacturer, exporter, and supplier of steel pipes and tubes serving various heavy engineering industries in India.
Our product range consists of:
- ERW Pipes: Ideal for water transport, oil, gas, and other non-toxic applications.
- Hot-Dipped Galvanized Pipes: Perfect 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 in Raigad, Maharashtra, and Mahabubnagar (Dist.), Telangana, as well as a warehouse in Hisar, Haryana, we ensure timely delivery of high-quality products.
As of January 24, 2024, our dedicated team comprises a total of 640 permanent employees, contributing to our commitment to excellence.
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Vibhor Steel IPO FAQs
What is the start and end date of Vibhor Steel IPO Subscription?
The Vibhor Steel IPO started on February 13, 2024, and ended on February 15, 2024.
When does Vibhor Steel Tubes IPO Subscription open?
The Vibhor Steel Tubes IPO open on February 13, 2024.
When does Vibhor Steel Tubes IPO Subscription close?
The Vibhor Steel Tubes IPO Close on February 15, 2024.
What is the allotment date of Vibhor Steel Tubes IPO?
The allotment date for Vibhor Steel Tubes IPO is February 16, 2024.
When is the initial refund date of Vibhor Steel Tubes IPO?
The initial Refund date for Vibhor Steel Tubes IPO is February 19, 2024.
When were the shares credited to investors demat accounts for the Vibhor Steel Tubes IPO?
The shares for the Vibhor Steel Tubes IPO were credited to investors demat accounts on February 19, 2024.
When will Vibhor Steel Tubes IPO be listed on the stock market?
Vibhor Steel Tubes IPO stock market will be listed on February 20, 2024 at 10 am.
What was the price range of the Vibhor Steel Tubes IPO shares?
The Vibhor Steel Tubes IPO shares were offered at a price range of ₹141 to ₹151 per share.
What was the lot size for the Vibhor Steel Tubes IPO shares?
The lot size for the Vibhor Steel Tubes IPO shares was 99 shares.
What was the total issue size of the Vibhor Steel Tubes IPO?
The total issue size of the Vibhor Steel Tubes IPO was ₹72.17 crores.
How were the shares allocated among different types of investors for the Vibhor Steel Tubes IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Vibhor Steel Tubes IPO listed?
The Vibhor Steel Tubes IPO was listed on both the NSE and BSE.
What is the Vibhor Steel Tubes IPO Subscription Status?
Vibhor Steel Tubes IPO is subscribed 320.05 Times.
