Vibhor Steel Tubes Limited
CLOSEDIPO Date: 13 Feb - 15 Feb 2024
Listing Date: 20 Feb 2024
Price Range
₹141 to ₹151 per share
Issue Size
72.17 Cr
Min Investment
₹13,959
Lot Size
99 Shares
Schedule of Vibhor Steel Tubes Limited
Issue open date
13 Feb 2024
Issue close date
15 Feb 2024
UPI mandate deadline
15 Feb 2024 (5 PM)
Allotment finalization
16 Feb 2024
Share credit
19 Feb 2024
Listing date
20 Feb 2024
Mandate end date
2 Mar 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 72.17 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 16 Feb 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 20 Feb 2024 | ₹151 | ₹140 | ₹291 (92.72%) |
| 19 Feb 2024 | ₹151 | ₹140 | ₹291 (92.72%) |
| 18 Feb 2024 | ₹151 | ₹140 | ₹291 (92.72%) |
| 17 Feb 2024 | ₹151 | ₹140 | ₹291 (92.72%) |
| 16 Feb 2024 | ₹151 | ₹130 | ₹281 (86.09%) |
| 15 Feb 2024 | ₹151 | ₹130 | ₹281 (86.09%) |
| 14 Feb 2024 | ₹151 | ₹110 | ₹261 (72.85%) |
| 13 Feb 2024 | ₹151 | ₹120 | ₹271 (79.47%) |
| 12 Feb 2024 | ₹151 | ₹120 | ₹271 (79.47%) |
| 11 Feb 2024 | ₹151 | ₹130 | ₹281 (86.09%) |
| 10 Feb 2024 | ₹151 | ₹130 | ₹281 (86.09%) |
Performance Vibhor Steel Tubes Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹141 to ₹151 per share | ₹ 825 (195.53%) | ₹ 151.08 | 0.05% |
About Vibhor Steel Tubes Limited
Vibhor Steel Tubes Limited, founded in 2003, manufactures, exports, and supplies steel pipes and tubes to various heavy engineering industries in India. The company's product portfolio includes:- ERW pipes used for water transport, oil, gas, and other non-toxic supplies.- Hot-dipped galvanized pipes used in agriculture and infrastructure.- Hollow section pipes in square and rectangular forms.- Primer painted pipes- Crash barriers used 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 January 24, 2024, the company had a total of 640 permanent employees.
| Founded in | 2003 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 191.41 |
| Non-Institutional Investors (NIIs) | 772.49 |
| Retail Individual Investors (RIIs) | 201.52 |
| Employee | 215.79 |
| Total | 320.05 |