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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.
| 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 IPO offers 4,779,444 shares. 950,064 (19.88%) to QIB, 712,491 (14.91%) to NII, 1,662,479 (34.78%) to RII, 29,502 (0.62%) to employees and 1,424,907 (29.81%) to Anchor investors. 16,792 RIIs will receive minimum 99 shares and 171 (sNII) and 342 (bNII) will receive minimum 1,386 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,424,907 (29.81%) | NA |
| QIB Shares Offered | 950,064 (19.88%) | NA |
| NII (HNI) Shares Offered | 712,491 (14.91%) | |
| bNII > ₹10L | 474,995 (9.94%) | 342 |
| sNII < ₹10L | 237,497 (4.97%) | 171 |
| Retail Shares Offered | 1,662,479 (34.78%) | 16,792 |
| Employee Shares Offered | 29,502 (0.62%) | NA |
| Total Shares Offered | 4,779,444 (100%) |
Vibhor Steel Tubes IPO raises Rs 21.52 crore from anchor investors. Vibhor Steel Tubes IPO Anchor bid date is February 12, 2024. Vibhor Steel Tubes IPO Anchor Investors list
| Bid Date | February 12, 2024 |
| Shares Offered | 1,424,907 |
| Anchor Portion Size (In Cr.) | 21.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 16, 2024 |
Vibhor Steel Tubes IPO opens on February 13, 2024, and closes on February 15, 2024.
| 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 |
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 (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1287 | ₹194,337 |
| S-HNI (Min) | 14 | 1,386 | ₹209,286 |
| S-HNI (Max) | 66 | 6,534 | ₹986,634 |
| B-HNI (Min) | 67 | 6,633 | ₹1,001,583 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 98.24% |
| Share Holding Post Issue |
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:
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.
Vibhor Steel Tubes Limited's revenue increased by 36.15% and profit after tax (PAT) rose by 85.91% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 376.48 | 293.63 | 248.54 | 172.93 |
| Revenue | 531.24 | 1,114.38 | 818.48 | 511.51 |
| Profit After Tax | 8.52 | 21.07 | 11.33 | 0.69 |
| Net Worth | 101.76 | 93.20 | 71.97 | 60.49 |
| Total Borrowing | 160.27 | 126.83 | 106.07 | 58.74 |
| Amount in ₹ Crore | ||||
The market capitalization of Vibhor Steel Tubes IPO is Rs 286.33 Cr.
| 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 |
[Dilip Davda] 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. Asa 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. Read detail review...
The Vibhor Steel Tubes IPO is subscribed 320.05 times on February 15, 2024 7:02:00 PM. The public issue subscribed 201.52 times in the retail category, 191.41 times in the QIB category, and 772.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 191.41 |
| NII | 772.49 |
| bNII (bids above ₹10L) | 754.37 |
| sNII (bids below ₹10L) | 808.72 |
| Retail | 201.52 |
| Employee | 215.79 |
| Total | 320.05 |
Total Application : 2,800,521 (166.77 times)
| Listing Date | February 20, 2024 |
| BSE Script Code | 544124 |
| NSE Symbol | VSTL |
| ISIN | INE0QTF01015 |
| Final Issue Price | ₹151 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹151.00 |
| ₹421.00 |
| ₹421.00 |
| ₹442.00 |
| ₹442.00 |
| NSE |
|---|
| ₹151.00 |
| ₹425.00 |
| ₹420.00 |
| ₹446.25 |
| ₹446.25 |
Vibhor Steel Tubes Limited
Plot No. 2, Industrial Development Colony,
Delhi Road,
Hisar -125005
Phone: +91 7030322880
Email: cs@vstlindia.com
Website: http://www.vstlindia.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: vibhor.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Vibhor Steel Tubes IPO is a main-board IPO of 4,779,444 equity shares of the face value of ₹10 aggregating up to ₹72.17 Crores. The issue is priced at ₹141 to ₹151 per share. The minimum order quantity is 99 Shares.
The IPO opens on February 13, 2024, and closes on February 15, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Vibhor Steel Tubes IPO using UPI as a payment gateway. Zerodha customers can apply in Vibhor Steel Tubes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vibhor Steel Tubes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vibhor Steel Tubes IPO opens on February 13, 2024 and closes on February 15, 2024.
Vibhor Steel Tubes IPO lot size is 99 Shares, and the minimum amount required is ₹14,949.
You can apply in Vibhor Steel Tubes IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Vibhor Steel Tubes IPO will be done on Friday, February 16, 2024, and the allotted shares will be credited to your demat account by Monday, February 19, 2024. Check the Vibhor Steel Tubes IPO allotment status.
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