The IPO of Vibhor Steel Tubes Limited has opened and remains open till 15 February 2024. The steel pipe maker company has fixed the vibhor steel tubes IPO rate, allotment and IPO dates. The Vibhor Steel Tubes IPO price band is set at Rs 141 to Rs 151 per share of equity. The IPO book build issue for NSE and BSE listing. The Vibhor Steel Tubes company aims to increase the Rs 72.17 crore by fresh shares issuances.
On the other hand, ahead of the opening of the IPO issue, the Vibhor Steel Tubes shares are available in the grey market. As per the experts of the stock market, the share price of this Company is available at a rate of Rs 132 today, as per the grey market.
About Vibhor Steel Tubes Limited
Founded in 2003, Vibhor Steel Tubes Limited manufactures, exports, and resources metal pipes and tubes to numerous heavy engineering industries in India. The company product portfolio consists of
- ERW pipes for application in water shipping, oil, fuel and other non-toxic components.
- Hot pipes used for infrastructure and agriculture purposes
- Hollow section pipes in rectangular and square paperwork.
- Primer painted pipes
Price Band and IPO Date of Vibhor Steel Tubes
| IPO Open | 13 February, 2024 |
| IPO Close | 15 February, 2024 |
| IPO Size | Approx Rs 72.17 Crores |
| Fresh Issue | Approx Rs 72.17 Crores |
| Face Value | Rs 10 Per Equity Share |
| IPO Price Band | Rs141 to Rs151 Per Share |
| IPO Listing on | BSE & NSE |
| Retail Quota | 35 % |
| QIB Quota | 50% |
| NII Quota | 15% |
Vibhor Steel Tubes Ltd IPO Objective
The important goal of Vibhor Steel Tubes is to fund running capital requirements.
- Funding working capital requirements of the business company: The Company proposes to make use of INR 6,200 lakhs of the Net Proceeds for her anticipated working capital necessities. The INR 6,200 lakhs will be used for the duration of Fiscal 2024.
- General company reason: The agency intends to deploy the stability budget closer to the overall corporate dreams, along with funding boom opportunities, i.e., Assembly of ongoing trendy company contingencies, capital expenditure in the everyday course of commercial Company, and company development initiatives.
Vibhor Steel Tubes IPO Market Lot
The Vibhor Steel Tubes IPO minimum market lot is ninety-nine stocks with a Rs 14,949 application quantity. The retail investors can apply up-to plenty with 1287 shares or Rs 194,337 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 99 | Rs14,949 |
| Retail Maximum | 13 | 1287 | Rs194,337 |
| S-HNI Minimum | 14 | 1,386 | Rs209,286 |
| B-HNI Minimum | 67 | 6,633 | Rs1,001,583 |
Vibhor Steel Tubes IPO Reservation
| QIB Shares Offered | Maximum 50% |
| Retail Shares Offered | Minimum 35% |
| Other Shares Offered | Minimum 15% |
IPO Allotment & Listing Dates of Vibhor Steel Tubes
The close date for IPO is January 2024. The Vibhor Steel Tubes IPO allotment might be finalized in 2024, and the IPO listing in 2024.
| Anchor Investors Allotment | 12 February, 2024 |
| IPO Open Date | 13 February, 2024 |
| IPO Close Date | 15 February, 2024 |
| Basis of Allotment | 16 February, 2024 |
| Refunds | 19 February, 2024 |
| Credit to Demat Account | 19 February, 2024 |
| IPO Listing Date | 20 February, 2024 |
Key Strengths and Opportunities
Association with Jindal Pipes Limited
The Promoters of Vibhor Steel Tubes and Jindal Pipes Limited (“JPL”) share a not-unusual relationship from Hisar starting place. The Company benefits from an extended-standing relationship with JPL. The Company sells all its finished products below the name “Jindal Star” to JPL and its approved clients primarily based on month-to-month card rates. As whole procurement and promoting is facilitated by means of JPL, pricing will become very transparent and passing of variation in raw fabric costs to the clients is effective.
Strategic location of manufacturing Units
Unit II is placed around seventy (70) km from Hyderabad within the Mahabubnagar District, State of Telangana and is near the Jadcherla industrial location. This proximity enables the benefit of logistics, power, water supply, and raw substances for its operations in the Unit.
Well-advanced distribution advertising and marketing community
With the assistance of Jindal Pipes Limited, the employer has evolved and implemented a huge range of networking channels throughout the industry to reinforce its scope of identifying the core client base and designing the right advertising and marketing techniques for procurement and liaising of tasks to deliver custom-designed answers for clients. The distribution and marketing network ensures product availability to its customers, translating into an efficient delivery chain, focused customer service, and short turnaround instances for product shipping.
Experienced Promoters and senior management team
The promoters of Vibhor Steel Tubes, Mr. Vijay Kaushik and Mr. Vibhor Kaushik are qualified with character revel in of extra than 4 & 2 many years respectively inside the Steel Pipes & Tubes industry. They have been instrumental in driving the boom because of the inception of the business. The control crew’s revel in and know-how of the Company will permit the organisation to take gain of both modern and future possibilities. Most of the senior control personnel have labored for a great period, resulting in powerful operational coordination and continuity of business strategies.
Vibhor Steel Tubes IPO Apply Online
To apply for the Vibhor Steel Tubes through Alice Blue, you should follow these steps.
- Open a Demat and Trading Account: If you don’t already have one, you want to open a Demat and buying and selling account with Alice Blue.
- Check for IPO Details: Once your account is active, you could take a look at the Vibhor Steel Tubes IPO info inside the IPO phase of the Alice Blue platform.
- Place the Bid: Enter the number of shares you want to shop for and vicinity your bid within the IPO’s price band.
- Submit the Application: Confirm all of your details and submit your application.
- You can apply for the Vibhor Steel Tubes IPO at Alice Blue in only a few clicks!
- Check Allotment Status: After the allotment system, you could check the allotment status to look when you have obtained any shares.
Please be aware that the allotment of shares isn’t guaranteed and could rely upon the demand for the IPO.
How to check Vibhor Steel Tubes IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually trustworthy. Please follow these given steps.
- Log in on your Alice Blue Account: You can do that via the Alice Blue internet site or their buying and selling app.
- Navigate to the Portfolio or IPO Section: This would possibly differ based totally on the layout of Alice Blue’s platform, however typically, you could find the status of your IPO application underneath the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section known as ‘IPO Allotment Status’ or something similar. This is in which you can see the repute of the IPOs you have applied for.
- Select the Vibhor Steel Tubes IPO: If you have carried out more than one IPO, there might be a dropdown menu or a list where you could select the IPO you’re inquisitive about. Select the Vibhor Steel Tubes IPO.
- Check the Status: The status of your application ought to be displayed here. If the stocks have been allotted to you, they might be cited right here.
If you face any problems, it’s advocated that you contact Alice Blue’s customer support for certain help.
Conclusion
Vibhor Steel Tubes Limited presents itself as a promising participant within the metal pipes and tubes industry, with a numerous product portfolio catering to various sectors like infrastructure, agriculture, and engineering. The IPO, scheduled to open from 13 February to 15 February 2024, comes at a price range of Rs. 141 to Rs. 151 per share, with a complete issue size of Rs. 72.17 crore.
However, capacity weaknesses, which include high logistic expenses, international financial uncertainties, and environmental worries in the steel industry, need to be cautiously monitored. Investors should investigate the risks associated with volatility in metallic rates and inflation’s effect on demand.
