₹ 14949 / 99 shares
IPO Details
RHP/DRHPIssue Date
13 Feb - 15 Feb'24
Investment/lot
₹ 14949
Price Range
141 - 151
Lot Size
99
IPO Size
₹ 72.17 Cr
IPO Listing Details
Listing On
20 Feb'24
Issue Price
151
Listed Price
₹ 425
Retail Gain/Listing Gain
▲181.46%
IPO Timeline
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:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•4m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
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.
Vibhor Steel Tubes Ltd IPO FAQs
When is Vibhor Steel Tubes Ltd IPO listing date?
Vibhor Steel Tubes Ltd will list on 2024-02-20.
What is the issue size of Vibhor Steel Tubes Ltd IPO?
72.17 is the issue size of Vibhor Steel Tubes Ltd IPO.
What is the minimum lot size required for Vibhor Steel Tubes Ltd IPO?
The minimum lot size is 99 shares and the investment required is ₹14949.
What is the price band of the Vibhor Steel Tubes Ltd IPO?
The price band of Vibhor Steel Tubes Ltd IPO is ₹141 to ₹151.
Where can I read more about Vibhor Steel Tubes Ltd business?
You can read more about Vibhor Steel Tubes Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Vibhor Steel Tubes Limited IPO?
The Vibhor Steel Tubes Limited IPO has an issue size of Rs. 72.17 crores. The IPO opens for subscription on 13th February 2024 and closes on 15th February 2024.
Who is the Registrar for Vibhor Steel Tubes Limited IPO?
KFin Technologies Limited is the registrar for this IPO.
Where can I read more about Vibhor Steel Tubes Limited’s business?
You may read more about Vibhor Steel Tubes Limited and its IPO from the company’s red herring prospectus (RHP) here:
