Vibhor Steel Tubes IPO is a book built issue of Rs 72.17 crores. The issue is entirely a fresh issue.
Vibhor Steel Tubes IPO opens for subscription on February 13, 2024 and closes on February 15, 2024. The allotment for the Vibhor Steel Tubes IPO is expected to be finalized on Friday, February 16, 2024. Vibhor Steel Tubes IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, 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.
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.
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:
ERW pipes for application in water transport, oil, gas and other non-toxic supplies.
Hot-dipped galvanized pipes for application in agriculture and infrastructure.
Hollow section pipes in square and rectangular forms.
Primer painted pipes
Crash barriers for application in railways, highways, and roads.
The net proceeds of the Issue less the issue-related expenses (Net Proceeds) are proposed to be utilised in the following manner:
Funding of working capital requirements of the company; and
General corporate purposes.
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