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Vibhor Steel Tubes Limited IPO
Vibhor Steel Tubes Limited is the leading manufacturer for high-quality steel products in India, with an aim to make a mark on the global scale. They deal with high-end mild steel tubes and pipes, ranging from galvanized pipes to welded black tubes/pipes which find application in the domestic, agriculture and the industrial sector etc. A state-of-the-art manufacturing facility is located at Raigarh in the state of Maharashtra, India, which currently produces high-end Hollow Section, GI and Black pipes, ranging from sizes 1/2” to 8”. Alongwith the newly expanded and modernized 8” pipe manufacturing unit, they have successfully elevated their production capacity to 60,000 MT per annum.
Strict adherence to the specifications of Indian and International standards makes their products rank high on quality meters. 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 price band is set at ₹141 to ₹151 per share. The minimum lot size for an application is 99 Shares. 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
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Vibhor Steel Tubes Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Vibhor Steel Tubes Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 13, 2024 to February 15, 2024 |
| Listing Date | February 20, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹141 to ₹151 per share |
| Lot Size | 99 Shares |
| Total Issue Size | 4,779,444 shares (aggregating up to ₹72.17 Cr) |
| Fresh Issue | 4,779,444 shares (aggregating up to ₹72.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 14,183,000 |
| Share holding post issue | 18,962,444 |
Vibhor Steel Tubes Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Vibhor Steel Tubes Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 66 | ₹14,949 |
| Retail (Max) | 13 | 1287 | ₹194,337 |
| S-HNI (Min) | 14 | 1,386 | ₹209,286 |
| S-HNI (Max) | 66 | 1,386 | ₹986,634 |
| B-HNI (Min) | 67 | 6,633 | ₹1,001,583 |
Vibhor Steel Tubes Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 98.24% |
| Share Holding Post Issue | - |
Competitive Strength:
- -
Vibhor Steel Tubes Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 376.48 | 531.24 | 8.52 | 101.76 | 160.27 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 293.63 | 1,114.38 | 21.07 | 93.20 | 126.83 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 248.54 | 818.48 | 11.33 | 71.97 | 106.07 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 172.93 | 511.51 | 0.69 | 60.49 | 58.74 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.51% |
| ROCE | 16.48% |
| Debt/Equity | 1.63 |
| RoNW | 22.60% |
| P/BV | 2.3 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 14.85 | 8.99 |
| P/E (x) | 10.17 | 16.8 |
Objectives of Vibhor Steel Tubes IPO
The net proceeds of the Issue less the issue-related expenses (Net Proceeds) are proposed to be utilized in the following manner:
- 1. Funding of working capital requirements of the company; and
- 2. General corporate purposes.
Vibhor Steel Tubes IPO Review
The company is primary supplier of tubes and pipes to Jindal Pipes Ltd. and has a long term contract of around 6 years as of now. As claimed by the management, this contract is not exclusive and the company has liberty to sell products in the open markets. The company has posted growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium term.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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What Is the Size of Vibhor Steel Tubes’s IPO?
Vibhor Steel Tubes’s IPO consists of a fresh issue of shares worth INR 7,216.96 lakhs. The company plans to utilize it to meet the working capital requirements and general corporate purposes.
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What Is the Price Band of Vibhor Steel Tubes’s IPO?
The price band of the issue is INR 141-151 per share.
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When will Vibhor Steel Tubes Limited's IPO be allotted?
The Basis of Allotment will be on February 16, 2024.
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When will Vibhor Steel Tubes Limited's IPO open for subscription?
The IPO subscription window will open on February 13, 2024, and will close on February 15, 2024.
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What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of one lot, which is 99 shares.
