Vibhor Steel Tubes IPO 2024: GMP, Price, Lot Size, Allotment Status, Date and More

News: The Vibhor Steel Tubes IPO is creating quite a buzz in the financial world. If you’re wondering what this IPO is all about, you’ve come to the right place! Let’s break it down in simple terms.

What is an IPO?

An Initial Public Offering (IPO) is when a company decides to sell its shares to the public for the first time. It’s like inviting everyone to become a part-owner of the company. Exciting, right?

Vibhor Steel Tubes Limited: A Quick Overview

• Founded in 2003, Vibhor Steel Tubes Limited is in the business of manufacturing, exporting, and supplying steel pipes and tubes.
• These pipes and tubes find their way into various heavy engineering industries across India.

Key Details of Vibhor Steel Tubes IPO

• Issue Size: The IPO is a book-built issue with a total value of ₹72.17 crores.
• Fresh Issue: All the shares in this IPO are fresh issues, which means the company will raise funds for its growth.
• Subscription Dates: The subscription window opens on February 13, 2024, and closes on February 15, 2024.
• Allotment Date: The allotment of shares is expected to be finalized on Friday, February 16, 2024.
• Listing Date: Vibhor Steel Tubes IPO will be listed on both the BSE and NSE with a tentative listing date set for Tuesday, February 20, 2024.

Price Band and Lot Size

• The price band for each share in the IPO is set at ₹141 to ₹151.
• The minimum lot size for an application is 99 shares.
• Retail investors need a minimum investment of ₹14,949 to participate.

Who Can Apply?

• Retail Investors: They can bid for a minimum of 99 shares and in multiples thereof.
• S-HNI (Super High Net Worth Individuals): Their minimum bid size is 1,386 shares.
• B-HNI (Big High Net Worth Individuals): They can bid for 6,633 shares or more.

Promoters and Shareholding

• The promoters of Vibhor Steel Tubes Limited are Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik, and M/s. Vijay Kaushik HUF.
• Before the IPO, they held 98.24% of the company’s shares.

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About Vibhor Steel Tubes Company

Vibhor Steel Tubes Limited is a prominent manufacturer of high-quality steel tubes and pipes. Let’s delve into the details:

Company Overview

• Establishment: Vibhor Steel Tubes Limited was founded in 2003.
• Business Focus: The company specializes in manufacturing, exporting, and supplying steel pipes and tubes.
• Application Areas: These pipes and tubes are widely used in various heavy engineering industries across India.

Vibhor Steel Tubes IPO 2024: Key Points

Here’s what you need to know about the Vibhor Steel Tubes IPO:

1. Issue Size: The IPO is a book-built issue with a total value of ₹72.17 crores.
2. Fresh Issue: All the shares in this IPO are fresh issues, which means the company will raise funds for its growth.
3. Subscription Dates: The subscription window opened on February 13, 2024, and closed on February 15, 2024.
4. Allotment Date: The allotment of shares is expected to be finalized on Friday, February 16, 2024.
5. Listing Date: Vibhor Steel Tubes IPO will be listed on both the BSE and NSE, with a tentative listing date set for Tuesday, February 20, 2024.

Price Band and Lot Size

• The price band for each share in the IPO is set at ₹141 to ₹151.
• The minimum lot size for an application is 99 shares.
• Retail investors need a minimum investment of ₹14,949 to participate.

Who Can Apply?

• Retail Investors: They can bid for a minimum of 99 shares and in multiples thereof.
• S-HNI (Super High Net Worth Individuals): Their minimum bid size is 1,386 shares.
• B-HNI (Big High Net Worth Individuals): They can bid for 6,633 shares or more.

Promoters and Shareholding

• The promoters of Vibhor Steel Tubes Limited are Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik, and M/s. Vijay Kaushik HUF.
• Before the IPO, they held 98.24% of the company’s shares.

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