Vibhor Steel Tubes Limited IPO

Mainboard

Iron & Steel Products

Listed On: Feb 20, 2024 at ₹ 425.0(NSE)

₹ 14949 /99 Shares

Check Allotment

Price Summary

Last Closing

147.40 (-2.38%)

52 Week High

298.80

52 Week Low

125.00

Last Update

30-Apr-2025 3:30 PM

Vibhor Steel Tubes Limited IPO Details

13 Feb, 2024

Open Date

15 Feb, 2024

Close Date

16 Feb, 2024

Allotment Date

20 Feb, 2024

Listing Date

Issue Price

₹141-151 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

425.0(NSE)

Listing Date

2024-02-20

Market Lot

Retail : 99 Shares (₹14,949/-)
sHNI : 1,386 Shares (₹2,09,286/-)
bHNI : 6,633 Shares (₹10,01,583/-)

Lead Manager

Khambatta Securities Limited

Issue Size

Approx 72 Crores

Retail Portion

35% (Number of Retail Applications: 16,793 Approx),
(Number of S-HNI Applications : 171 Approx),
(Number of B-HNI Applications : 343 Approx)

Subscription

298.64 times

IPO Docs

DRHP RHP ANCHOR

The IPO of Vibhor Steel Tubes Limited is priced at ₹141-151 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Vibhor Steel Tubes Limited IPO bid opening date is from Feb 13, 2024 and the bid closing date was Feb 15, 2024.
Vibhor Steel Tubes Limited IPO allotment result will be available on Feb 16, 2024. The tentative listing date for Vibhor Steel Tubes Limited is Feb 20, 2024.

The total issue size is Approx 72 Crores.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	950,064	712,491 474,995 237,497	1,662,479	3,354,537
Day 1 - 13-02-24 05:00 PM	3.56 x	48.33 43.42 x 58.14 x	32.51 x	27.63 x
Day 2 - 14-02-24 05:00 PM	8.52 x	252.20 236.71 x 283.16 x	90.28 x	101.42 x
Day 3 - 15-02-24 05:00 PM	178.73 x	721.22 704.42 x 754.83 x	187.79 x	298.64 x

Total No. of Applications: 2,800,521 (Approx)

Vibhor Steel Tubes Limited Valuations

EPS Pre IPO

₹14.85/-

EPS Post IPO

₹8.99/-

P/E Pre IPO

10.17

P/E Post IPO

16.80

ROE

25.51%

ROCE

16.48%

Debt/Equity

1.63

RoNW

22.60%

Price to Book Value

2.30

Vibhor Steel Tubes Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	293.63	248.54	172.93
Revenue	1,114.38	818.48	511.51
Profit After Tax	21.07	11.33	0.69
Net Worth	93.20	71.97	60.49
Total Borrowing	126.83	106.07	58.74

About The Company

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.

Vibhor Steel Tubes Limited - Promoter(s)

Pre Issue Share Holding: 98.24%

Post Issue Share Holding: N/A%

Company Promoter(s)

Mr. Vijay Kaushik
Mr. Vibhor Kaushik
Mrs. Vijay Laxmi Kaushik
M/s. Vijay Kaushik HUF

Vibhor Steel Tubes Limited IPO - Issue Objectives

Funding of working capital requirements of the company
General corporate purposes.

Vibhor Steel Tubes Limited IPO - Anchor Investors

Vibhor Steel Tubes garners Rs 22 cr from anchor investors.The anchor book saw participation from only three investors, Saint Capital Fund, Chhatisgarh Investments Ltd and Neomile Growth Fund - Series I. The issue with a price band of Rs 141 to Rs 151 per share.

Other Details

Company Contact Details

Vibhor Steel Tubes Limited

Plot No. 2, Industrial Development Colony, Delhi Road, Hisar -125005

Phone: +91 7030322880

Email: cs@vstlindia.com

Website: http://www.vstlindia.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: vibhor.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Vibhor Steel Tubes Limited IPO - FAQs

Ans. Vibhor Steel Tubes Limited IPO is a Mainboard IPO. The issue is priced at ₹141-151 per equity share. The minimum order quantity is 99 Shares. The IPO opens on Feb 13, 2024, and closes on Feb 15, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Vibhor Steel Tubes Limited IPO opens on Feb 13, 2024 and closes on Feb 15, 2024.

Ans. The size of Vibhor Steel Tubes Limited IPO is Approx 72 Crores.

Ans. The IPO price band is set between ₹141-151 per equity share.

Ans. To apply for Vibhor Steel Tubes Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Vibhor Steel Tubes Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Vibhor Steel Tubes Limited IPO is Feb 16, 2024.

Ans. The Vibhor Steel Tubes Limited IPO will be listed on Feb 20, 2024.

Ans. Follow the steps to check the allotment status for Vibhor Steel Tubes Limited IPO here.