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Vibhor Steel Tubes Limited IPO
- IPO Date13 Feb, 2024 to 15 Feb, 2024
- Listing Date20 Feb, 2024
- Face Value₹10 per share
- Issue Price₹141 to ₹151 per share
- Lot Size99 Shares
- Minimum Investment₹14,949
- Listing AtBSE, NSE
- Total Issue Size47,79,444 Shares
(aggregating up to ₹72.17 Cr) - Fresh Issue47,79,444 Shares
(aggregating up to ₹72.17 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,41,83,000
- Shareholding post issue1,89,62,444
IPO Dates
Closing Date
15 Feb, 2024
Initiation of Refunds
19 Feb, 2024
Listing Date
20 Feb, 2024
13 Feb, 2024
Opening Date
16 Feb, 2024
Basis of Allotment
19 Feb, 2024
Credit of Shares
Lot Size
Investors can bid for a minimum of 99 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Max) | 13 | 1287 | ₹1,94,337 |
S-HNI (Max) | 66 | 6534 | ₹9,86,634 |
S-HNI (Min) | 14 | 1386 | ₹2,09,286 |
Retail (Min) | 1 | 99 | ₹14,949 |
B-HNI (Min) | 67 | 6633 | ₹10,01,583 |
Promoter Holding
The Promoters of the Company are Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik and M/s. Vijay Kaushik HUF.
Pre Issue Share Holding | Post Issue Share Holding |
---|---|
98.24% | - |
Company Financials (all values in Cr.)
IPO Reservation
Investor Category | Amount (₹ Cr.) | Shares Offered | Size (%) |
---|---|---|---|
- | - | - | - |
COMPANY INFORMATION
Vibhor Steel Tubes IPO is a book built issue of Rs 72.17 crores. The issue is entirely a fresh issue of 0.48 crore shares. Vibhor Steel Tubes IPO bidding started from February 13, 2024 and ended on February 15, 2024. The allotment for Vibhor Steel Tubes IPO was finalized on Friday, February 16, 2024. The shares got listed on BSE, NSE on February 20, 2024. Vibhor Steel Tubes IPO price band is set at ₹141 to ₹151 per share. The minimum lot size for an application is 99 Shares. The minimum amount of investment required by retail investors is ₹14,949. The minimum lot size investment for sNII is 14 lots (1,386 shares), amounting to ₹209,286, and for bNII, it is 67 lots (6,633 shares), amounting to ₹1,001,583. Khambatta Securities Limited is the book running lead manager of the Vibhor Steel Tubes IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Vibhor Steel Tubes IPO RHP for detailed information.
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 January 24, 2024 the company had a total of 640 permanent employees.
FAQs About IPO Dashboard
Vibhor Steel Tubes Limited IPO will open on 13 Feb, 2024 and close on 15 Feb, 2024. Investors must apply within this period to participate.
The Vibhor Steel Tubes Limited IPO price band is set between ₹141.00 and ₹151.00 per share. The minimum lot size is 99, requiring an investment of at least ₹14949.00.
The Vibhor Steel Tubes Limited IPO shares are expected to be listed on 20 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Vibhor Steel Tubes Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Vibhor Steel Tubes Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.