Vibhor Steel Tubes IPO GMP: The IPO of Vibhor Steel Tubes Limited is seeing a lot of craze in the grey market. The company's unlisted stock is at a premium of 79% even before the IPO opens.
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Vibhor Steel Tubes IPO GMP: The IPO of Vibhor Steel Tubes Limited is seeing a lot of craze in the grey market. The company's unlisted stock is at a premium of 79% even before the IPO opens. Vibhor Steel IPO: The IPO of Vibhor Steel Tubes will open for investors from February 13. The lot size is 99 shares.
Vibhor Steel Tube IPO: If you are planning to invest in IPO then this news is for you. Vibhor Steel Tubes IPO is going to open on the stock market from February 13. The IPO will be open for public investors till February 15. The price band has been fixed at Rs 141 to Rs 151 per share. The issue size will be Rs 72.17 crore.
Vibhor Steel Tubes is a manufacturer and exporter of mild steel ERW black and galvanized pipes, hollow steel pipes, cold rolled steel (CR) strips. The company has been in business for more than two decades. Steel pipes and tubes can be used for many purposes. For example, steel pipe for frames and shafts, steel pipe for bicycle frames, steel pipe for furniture, CDW pipe for shockers, steel pipe for various structural purposes, steel pipe for engineering works.
The company has an in-house quality team consisting of 640 employees working under the supervision of the Board of Directors. The quality control team ensures that the raw materials as well as the final products are tested to all quality standards to ensure that they are compliant with international standards.
The lot size of the IPO has been fixed at 99 shares. You need to invest a minimum of Rs 14,949 to bid for a single lot. A total of 50 per cent of the issue has been reserved for institutional investors, 35 per cent for retail investors and 15 per cent for non-institutional investors. The share is likely to be listed on NSE and BSE on February 20, 2024.
According to market experts, Vibhor Steel Tube has a GMP of Rs 130 per share, which is 86 per cent of the highest price band of Rs 151. According to GMP, the listing of Vibhor Steel Tube IPO can be close to Rs 281. GMP varies according to market conditions. Let us tell you that the possible listing date of the company's shares is February 20.
Steel pipe and tube maker Vibhor Steel Tubes on Monday said it has raised over ₹21.5 crore from anchor investors, a day ahead of its IPO. The anchor book round saw participation from only three investors - Cent Capital Fund, Chhattisgarh Investments Limited and Neomile Growth Fund - Series I. Let us know that retail investors will be able to bet on this issue from February 13 to February 15. The price band is Rs 141-151 per share. This is a fully diluted fresh equity issue of Rs 72 crore.
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Vibor steel tubes produce a high-quality steel product. The company's high-end steel tubes and pipes are used in domestic, agricultural and industrial sectors. The company has its manufacturing facility in Raigad district of Maharashtra. In FY 2022-23, the company had an income of Rs 1,114 crore. The company had a profit of Rs 21.07 crore. The company had posted a revenue of Rs 531.24 crore in the September quarter of the current fiscal. The company had posted a profit of Rs. 8.52 crore in the year-ago period.
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