Vibhor Steel Tubes IPO Price: ₹141 to ₹151
IPO Date Range: Feb 13, 2024 - Feb 15, 2024
Established in 2003, Vibhor Steel Tubes Limited is a notable manufacturer, exporter, and supplier of steel pipes and tubes serving heavy engineering industries in India. The company operates from manufacturing facilities in Raigad, Maharashtra, and Mahabubnagar, Telangana, with an additional warehouse in Hisar, Haryana, dedicated to delivering high-quality products.
The company offers various steel pipes and tubes for different purposes, such as:
| IPO Date | February 13, 2024 to February 15, 2024 |
| Listing Date | Tuesday, February 20, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹141 to ₹151 per share |
| Lot Size | 99 shares |
| Total Issue Size | [.] shares (aggregating up to ₹72.17 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹72.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 14,183,000 |
Investors have the option to bid for a minimum of 99 shares, with the opportunity to increase their bids in multiples of 99. The table below outlines the minimum and maximum investment limits for retail investors and high-net-worth individuals (HNI) in both shares and corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1287 | ₹194,337 |
| S-HNI (Min) | 14 | 1386 | ₹209,286 |
| S-HNI (Max) | 66 | 6534 | ₹986,634 |
| B-HNI (Min) | 67 | 6633 | ₹1,001,583 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Tuesday, February 13, 2024 |
| IPO Close Date | Thursday, February 15, 2024 |
| Basis of Allotment | Friday, February 16, 2024 |
| Initiation of Refunds | Monday, February 19, 2024 |
| Credit of Shares to Demat | Monday, February 19, 2024 |
| Listing Date | Tuesday, February 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 15, 2024 |
Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.
Vibhor Steel Tubes Limited witnessed a robust financial performance, with a notable 36.15% increase in revenue and a substantial 85.91% rise in profit after tax (PAT) during the financial year ending on March 31, 2023, as compared to the corresponding period ending on March 31, 2022.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 172.93 | 248.54 | 293.63 | 376.48 |
| Revenue | 511.51 | 818.48 | 1114.38 | 531.24 |
| Profit After Tax | 0.69 | 11.33 | 21.07 | 8.52 |
| Net Worth | 60.49 | 71.97 | 93.20 | 101.76 |
| Total Borrowing | 58.74 | 106.07 | 126.83 | 160.27 |
| KPI | Values |
|---|---|
| P/E (x) | 10.17 |
| EPS (Rs) | 14.85 |
| ROE | 25.51% |
| ROCE | 16.48% |
| Debt/ Equity | 1.63 |
| RoNW | 22.60% |
The funds generated from the Issue, excluding associated expenses, are intended to be utilized as follows:
Prospectus: Official documents that provide detailed information about the IPO and the company. Vibhor Steel Tubes DRHP and Vibhor Steel Tubes RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Vibhor Steel Tubes Limited" IPO is ₹141 to ₹151 per share.
The "Vibhor Steel Tubes Limited" IPO is expected to be listed on Tuesday, 20 February 2024.
To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.
Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.
