Vibhor Steel Tubes IPO: All You Need to Know
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IPO Dates: 13th February to 15th February
๐ฐ Price Band: โน141 to โน151 per share
๐ Float Size: 99 shares
๐ผ Minimum Bidding: 99 shares
๐ Company’s Utilization of Funds: โน72 crores
Vibhor Steel Tubes Limited has set the price band for its upcoming IPO. The company has fixed the price range between โน141 to โน151 per share. The IPO will open for subscription on 13th February and close on 15th February. The lot size for Vibhor Steel Tubes IPO is 99 shares, and investors can bid for a minimum of 99 shares.
The company will release entirely new shares for the IPO and there will be no offer for sale. Vibhor Steel Tubes aims to raise โน72 crores through this IPO, which will be used for working capital requirements and general corporate purposes.
Khandwala Securities Limited is the sole book running lead manager for this offer, and KFin Technologies Limited is the registrar.
Grey Market Premium: According to market experts, Vibhor Steel Tubes Limited’s IPO is available in the grey market at a premium of โน101. This means that the company’s shares may list at around โน252, considering the price band of โน151.
First Day Profit: Investors can potentially earn up to 67% profit on the first day. The shares of the company will be listed on 20th February.
About Vibhor Steel Tubes Limited: Vibhor Steel Tubes Limited is engaged in the manufacturing and export of steel pipes and tubes for various heavy engineering industries in India. Their products include electric resistance welded pipes, hot-dip galvanized pipes, hollow section pipes, primer paint pipes, SS pipes, and crash barrier pipes. The company supplies its products to companies in Western and Southern markets in Maharashtra, Gujarat, Madhya Pradesh, Telangana, Karnataka, and Tamil Nadu.
Financial Performance: Vibhor Steel Tubes Limited has shown consistent growth in its financial performance over the past year. The net profit of the company increased from โน11.33 crores in the fiscal year ending on 31st March 2022 to โน21.06 crores by 31st March 2023. During the same period, the revenue increased from โน818 crores to โน1,113.12 crores.
With the IPO of Vibhor Steel Tubes Limited, investors have an opportunity to invest in a company that has a strong presence in the steel pipes and tubes manufacturing industry in India. Its consistent growth in financial performance makes it an attractive investment option.
So, get ready to subscribe to the Vibhor Steel Tubes IPO and grab a potential opportunity for profit in the stock market! ๐ผ๐๐
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
