IPO

Vibhor Steel Tubes Ltd. IPO

Vibhor Steel Tubes Ltd., established in 2003, operates in the Steel - Tubes/Pipes sector. The company's IPO opened on February 13, 2024 and closed on February 15, 2024, with an issue price of ₹151. ... Read more

Min Investment
₹ 14,949 / 99 shares
Price Range
₹141 - ₹ 151
Bidding Dates
13 Feb '24 - 15 Feb '24
Total Issue Value
72.17 Cr
Lot Size
99
Total Issue Size
72.17 Cr
Listing At
BSE, NSE
Subscription
226.24 times
BSE Price
214.75 (42.22%)
NSE Price
214.08 (41.77%)

IPO Timeline

  • 13 Feb 2024
    Bidding Starts
  • 15 Feb 2024
    Bidding Ends
  • 16 Feb 2024
    Allotment Finalization
  • 20 Feb 2024
    Listing

About Vibhor Steel Tubes Ltd.

Vibhor Steel Tubes Limited is manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. We are 2 decades old manufacturer, exporter and supplier of steel pipes and tubes to various heavy engineering industries ... Read more

Parent organisation
Founded
Vibhor Steel Tubes Ltd.
2003

Vibhor Steel Tubes Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 14,24,982 (29.81%)
Employee Reserved 29,503 (0.62%)
Non Institutional Investors 7,12,491 (14.91%)
Qualified Institutional Buyers (QIBs) 9,49,988 (19.88%)
Retail Individual Investors (RIIs) 16,62,479 (34.78%)

Vibhor Steel Tubes Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 1,074.38 Cr 17.72 Cr 158.82 Cr
31 Mar 2023 1,114.38 Cr 21.07 Cr 79.01 Cr
31 Mar 2022 818.48 Cr 11.33 Cr 57.79 Cr

Vibhor Steel Tubes Ltd. Background

Our Company was originally incorporated as ‘Vibhor Steel Tubes Private Limited’ a private limited company under the Companies Act, 1956 at, pursuant to a certificate of incorporation dated April 16, 2003 issued by the Registrar of Companies, National Capital Territory of Delhi and ...

Read more

Major Events And Milestones
  • 2003
    Our Company was incorporated as “Vibhor Steel Tubes Limited”.
  • 2004
    Mills were made operative with production capacity of 25,000 MTPA.
  • 2007
    Capacity doubled to 60,000 MTPA.
  • 2008
    New factory unit I having 8” mill & a new galvanized line was set up.
  • 2011
    Company manufactured 90,000 MTPA with help of advanced tube mill imported from Australia and state of the art slitting line from USA.
  • 2013
    Started exporting to Egypt.
  • 2017
    Factory set up in Telangana with capacity of 96,000 MTPA (Unit -II).
  • 2018
    Size 12” Tube mill has been started at Telangana Unit in the year 2018 and our Unit-II has executed turnover Rs. 11,300.00 Lakhs.
  • 2019
    Company has achieved a Turnover of more than Rs. 500 crores.
  • 2022
    Company has added a new plant in Hisar, Haryana (Unit -III) and started the production of SS Pipe.
    Company has achieved a Turnover of more than Rs. 800 crores and our profit has also increased to Rs. 1,148.30 Lakhs.
  • 2023
    Company has achieved a Turnover of more than Rs. 1,100 crores and our profit has also increased by more than 80%.
    Company has added the production of two new products i.e., Square Pipe and crash barriers.
    Company has acquired the land in Orrisa for setting up a new plant (Unit -IV)
Vibhor Steel Tubes Ltd. Object of Issues

1. Funding of Working Capital requirements
2. General Corporate Purpose

Vibhor Steel Tubes Ltd. IPO Listing Details
Listing Date
20 Feb 2024
BSE Script Code
VIBHORSTL
NSE Symbol
VIBHORSTL
ISIN
INE0QTF01015
Final Issue Price
₹ 151
Vibhor Steel Tubes Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 151.00 ₹ 151.00
Open ₹ 421.00 ₹ 425.00
Low ₹ 421.00 ₹ 420.00
High ₹ 442.00 ₹ 446.25
Last Trade ₹ 442.00 ₹ 446.25
Vibhor Steel Tubes Ltd. Company Promoters

1. Mr. Vijay Kaushik
2. Mr. Vibhor Kaushik
3. Mrs. Vijay Laxmi Kaushik
4. M/s Vijay Kaushik HUF

Industry Overview

Indian Steel Pipes & Tubes
Steel tubes and pipes are cylindrical structures made of steel that are generally in hollow shape. However, different shapes, sizes and grades are used to cater the requirements of various industries.

India is one of the established manufacturers of ... Read more

Vibhor Steel Tubes Ltd. IPO Registrar
KFin Technologies Ltd.
Selenium, Tower B, Plot 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad Telangana - 500032
67162222
Vibhor Steel Tubes Ltd. IPO Lead Manager(s)
Khambatta Securities Ltd.
806, World Trade Tower, Tower B, Noida Sector-16, Noida Uttar Pradesh - 201301
4415469, 9953989693

FAQs

When does Vibhor Steel Tubes Ltd. IPO opens and closes?

Vibhor Steel Tubes Ltd. IPO opens from 13th February to 15th February 2024.

What is the size of Vibhor Steel Tubes Ltd. IPO?

The size of the Vibhor Steel Tubes Ltd. IPO is ₹72.17 Cr.

What is the price range of Vibhor Steel Tubes Ltd. IPO?

The price range of Vibhor Steel Tubes Ltd. IPO is at ₹141 to ₹151 per share.

What is the minimum investment and lot size required for the Vibhor Steel Tubes Ltd. IPO?

The minimum investment required is ₹14,949 and minimum lot size is 99 shares.

When is Vibhor Steel Tubes Ltd. IPO listing date?

The Vibhor Steel Tubes Ltd. IPO will be listed on 20th February 2024.

What is the objective of Vibhor Steel Tubes Ltd. IPO?

1. Funding of Working Capital requirements
2. General Corporate Purpose

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+