IPO

Vibhor Steel Tubes Limited IPO

Mainboard

Iron & Steel Products

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

₹ 14949 /99 Shares

Check Allotment

13 Feb, 2024

Open Date

15 Feb, 2024

Close Date

16 Feb, 2024

Allotment Date

20 Feb, 2024

Listing Date
Price Summary

Last Closing

134.20 (-11.13%)

52 Week High

235.99

52 Week Low

117.02

Last Update

15-Dec-2025 3:30 PM
Vibhor Steel Tubes Limited IPO Issue Details
  • Issue Price ₹141-151 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 47,79,444 shares(aggregating up to ₹72.17 crore)
  • Fresh Share 47,79,444 shares(aggregating up to ₹72.17 crore)
  • Listing at BSE, NSE
  • List Price 425.0(NSE)
  • Listing Date 2024-02-20
  • Lead Manager Khambatta Securities Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 99 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 99 ₹14,949
Retail(max) 13 1,287 ₹1,94,337
SHNI(min) 14 1,386 ₹2,09,286
SHNI(max) 66 6,534 ₹9,86,634
BHNI(min) 67 6,633 ₹10,01,583
Vibhor Steel Tubes Limited IPO Reservation

Vibhor Steel Tubes Limited IPO offers total 4,779,444 shares. Out of which 950,064 (19.88%) allocated to QIB, 712,491 (14.91%) allocated to NII,1,662,479 (34.78%) allocated to RII, 29,502 (0.62%) allocated to employees and 1,424,907 (29.81%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1,424,907 (29.81%)
QIB Shares Offered 950,064 (19.88%)
NII (HNI) Shares Offered 712,491 (14.91%)
bNII > ₹10L 474,995 (9.94%)
sNII < ₹10L 237,497 (4.97%)
Retail Shares Offered 1,662,479 (34.78%)
Employee Shares Offered 29,502 (0.62%)
Total Shares Offered 4,779,444 (100%)
Vibhor Steel Tubes Limited IPO Documents
DRHP
RHP
ANCHOR
Vibhor Steel Tubes Limited IPO Details


Vibhor Steel Tubes Limited IPO is a book-built issue of ₹72.17 crores, The total issue size is ₹72.17 crores. 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, IPO bidding starts from Feb 13, 2024 and ends on Feb 15, 2024. The allotment for Vibhor Steel Tubes Limited IPO will be finalized on Feb 16, 2024. Vibhor Steel Tubes Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 20, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 99 shares, extendable to 14,949. S-HNIs will be able to bid for 1,386 shares at ₹2,09,286, while B-HNIs can also apply for a bid of 6,633 shares at ₹10,01,583. The book-running lead manager for the IPO is/are Khambatta Securities Limited.

The total issue ₹72.17 crore, comprising a fresh issue of 47,79,444 shares ₹72.17 crore
The Vibhor Steel Tubes Limited IPO sets its price band at 141-151 for each share. A single application for Vibhor Steel Tubes Limited IPO must contain at least 99 shares. Sentiment investors need to invest a minimum of 99 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,949 In order to participate in the sNII, investors must purchase at least 14 lots of 1,386 shares for ₹2,09,286, while the bNII requires 67 lots of 6,633 shares for an investment of ₹10,01,583.

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Vibhor Steel Tubes Limited IPO Subscription Analysis And Details
Retail
187.79x
QIB
178.73x
NII
721.22x
bNII
704.42x
sNII
754.83x
Total
298.64x
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
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
In Crs.
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 Vibhor Steel Tubes Limited 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.

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Vibhor Steel Tubes Limited - Promoter(s)

Mr. Vijay Kaushik

Mr. Vibhor Kaushik

Mrs. Vijay Laxmi Kaushik

M/s. Vijay Kaushik HUF

Pre Issue Share Holding : 98.24%

Post Issue Share Holding : N/A%

Vibhor Steel Tubes Limited IPO - Issue Objectives
1

Funding of working capital requirements of the company

2

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.

Vibhor Steel Tubes Limited IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Vibhor Steel Tubes Limited 14.85 14.85 65.71 10.17 22.6 2.3 Consolidated
Apl Apollo Tubes Ltd. 23.15 23.15 108.37 64.88 21.36 N/A Consolidated
Hi-tech Pipes Limited 3.06 2.18 32.71 47.91 9.01 N/A Consolidated
Goodluck India Ltd 33.31 33.31 227.47 31.01 14.16 N/A Consolidated
Rama Steel Tubes Ltd 1.22 1.16 5.37 37.75 10.97 N/A Consolidated

Notes:

  1. P/E figures for the peer group are computed based on the closing market price as on January 24, 2024, of relevant peer companies as available at BSE divided by Basic EPS for the period September 30, 2023, reported in the filings made with stock exchanges.
  2. Based on the offer price to be determined after completion of the book-building process and the basic EPS of the company.
  3. Return on net worth (%) = Net profit after tax * 100 / Net worth at the end of the year.
  4. Net asset value per share = Net worth at year end / No. of shares outstanding at year-end.
Contact Details

Vibhor Steel Tubes Limited

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

+91 7030322880

cs@vstlindia.com

http://www.vstlindia.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

vibhor.ipo@kfintech.com

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