Vibhor Steel Tubes IPO Details
Issue Date
13 Feb - 15 Feb'24
Price Range
₹141 - ₹151
Lot Size
99
IPO Size
₹72.17 Cr
Vibhor Steel Tubes IPO Listing Details
Listing On
20 Feb'24
Issue Price
₹151
Listed Price
₹ 425
Retail Gain/Listing Gain
▲181.46%
Schedule of Vibhor Steel Tubes IPO
Start date
13/02/2024
End date
15/02/2024
Allotment of bids
Refund Initiation
19/02/2024
Listing on exchange
20/02/2024
Company Background
Vibhor Steel Tubes manufactures and exports Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, and Cold rolled Steel (CR) Strips/Coils.
The company is essentially a 2-decade-old manufacturer, exporter and supplier of steel pipes and tubes to various heavy engineering industries in India.
With that, let's take a look at the competitive strength and risk factors for Vibhor Steel Tubes Limited:
Competitive Strengths
Association with Jindal Pipes Limited
The company sells all its finished products under the brand name “Jindal Star” to JPL and its approved customers based on monthly card rates. As JPL facilitates the entirety of procurement and selling, pricing becomes transparent and passing of variation in raw material prices to the customers is effective.
Risk Factors
- The company is in a long-term agreement with Jindal Pipes Ltd. regarding purchasing of products.
- The company is dependent on, and derives a substantial portion of the revenue from a single customer.
- The company, promoters/director and group companies are parties to certain legal proceedings.
Key Strategies
- Expansion in international markets.
- Continue to improve operating efficiencies through technology enhancements.
- Strengthen goodwill.
Vibhor Steel Tubes Ltd Key Financials
Here are the key financials for Vibhor Steel Tubes Limited:
How to apply for IPO through ASBA
Kotak Securities
•4m 01s
How To Apply for Vibhor Steel Tubes Ltd IPO?
Here are the steps to apply for Vibhor Steel Tubes Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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