Vibhor Steel Tubes Limited IPO Detail
Founded in 2003, Vibhor Steel Tubes Limited manufactures, exports and supplies steel pipes and tubes to various heavy engineering industries in India.
The company's product portfolio includes:
- ERW pipes for application in water transport, oil, gas and other non-toxic supplies.
- Hot-dipped galvanized pipes for application in agriculture and infrastructure.
- Hollow section pipes in square and rectangular forms.
- Primer painted pipes
- Crash barriers for application in railways, highways, and roads.
The company has two manufacturing facilities in Raigad, Maharashtra and Mahabubnagar (Dist.), Telangana and a warehouse in Hisar, Haryana.
As of September 28, 2023, the company had a total of 636 employees, including workers.
Company Promoters
Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik and M/s. Vijay Kaushik HUF.IPO Details
| IPO Opening Date | Feb 13, 2024 |
| IPO Closing Date | Feb 15, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹141 - 151 per equity share |
| Market Lot | 99 Shares |
| Min Order Quantity | 99 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹72.17 Cr |
| Fresh Issue | ₹72.17 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 3.81x | - | - | 52.00x | 35.42x | 29.94x |
| Day 2 | 9.13x | - | - | 270.92x | 97.90x | 109.40x |
| Day 3 | 191.41x | - | - | 772.49x | 201.52x | 320.05x |
IPO Tentative Timetable
The Vibhor Steel Tubes Limited IPO open date is Feb 13, 2024, and the close date is Feb 15, 2024. The issue may list on Feb 20, 2024.
| IPO Open Date | Feb 13, 2024 |
| IPO Close Date | Feb 15, 2024 |
| Basis of Allotment Date | Feb 16, 2024 |
| Initiation of Refunds | Feb 19, 2024 |
| Credit of Shares to Demat Account | Feb 19, 2024 |
| IPO Listing Date | Feb 20, 2024 |
IPO Lot Size
The Vibhor Steel Tubes Limited IPO market lot size is 99 shares. A retail-individual investor can apply for up to 13 lots (1287 shares or ₹194337).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 99 | ₹14949 |
| Maximum | 13 | 1287 | ₹194337 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.24% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 172.93 | 511.51 | 0.69 |
| 31-Mar-22 | 248.54 | 818.48 | 11.33 |
| 31-Mar-23 | 293.63 | 1114.38 | 21.07 |
Objects of the Issue:
- Funding of working capital requirements of the company; and
- General corporate purposes.
Vibhor Steel Tubes Limited IPO Registrar:
KFin Technologies Limited
Vibhor Steel Tubes Limited IPO Lead Manager(s):
Khambatta Securities Limited
Company Contact Information:
Vibhor Steel Tubes Limited
Plot No. 2, Industrial Development Colony,
Delhi Road,
Hisar -125005
