Vibhor Steel Tubes Limited IPO : Key Details

Vibhor Steel Tubes Limited IPO is set to launch on 13 February, 2024. The company initiated its business operations in the year 2003. It is a  manufacturer of steel tubes and pipes in India. Vibhor Steel Tubes Limited also exports its products. The product portfolio of the company includes Primer Painted Pipes, ERW pipes, Hollow Section pipes, Hot-dipped galvanised pipes and Crash barriers. It has 2 manufacilities one in Maharashtra and another one in Telangana. Its employee base is 640 people.

Vibhor Steel Tubes Limited IPO DETAILS

Vibhor Steel Tubes Limited IPO is set to launch on 13 February, 2024. The subscription timeline extends till 15 February, 2024. The size for the IPO is 72.17 Crore Rs. Shares issued through fresh issue mode are worth Rs 72.17 Crore. No shares are issued through offer for sale mode. The lot size is 99 shares and the price is 141 Rs to 151 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 10 and this is a Book Built issue. The registrar for the company is Kfin Technologies Limited.

Tabular Description of Vibhor Steel Tubes Limited IPO

IPO OPENING DATE	13 February, 2024
CLOSING DATE FOR IPO	15 February, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	141 Rs. to 151 Rs. per share
LOT SIZE	99 shares
MINIMUM ORDER QUANTITY	99 shares
ISSUE SIZE	72.17 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	72.17 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	20 February, 2024

Vibhor Steel Tubes Limited IPO : IMPORTANT DATES

IPO OPENING DATE	13 February, 2024
CLOSING DATE FOR IPO	15 February, 2024
IPO ALLOTMENT DATE	16 February, 2024
REFUNDS	19 February, 2024
DEMAT A/C CREDITED ON	19 February, 2024
IPO LISTING DATE	20 February, 2024

Vibhor Steel Tubes Limited IPO begins for subscription from 13 February, 2024. The IPO subscription would continue till 15 February, 2024. The allotment status for the shareholders who applied would come on 16 February, 2024. The refunds for the ones who did not get allotment would be initiated on 19 February, 2024. The DEMAT accounts of shareholders would be credited on 19 February, 2024. The listing of the company would be completed on 20 February, 2024.

Vibhor Steel Tubes Limited IPO : Lead Managers

The lead managers are :

• Khambatta Securities Limited

The minimum lot size for the company is decided at 99 shares. This holding accounts to 14949 Rs.. The maximum lot size is decided at 1287 shares. This amounts to 194337 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	99 shares	14949 Rs.
Maximum	1287 shares	194337 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• With the IPO money the company might pay its outstanding loans.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2021-22	2022-23
ASSETS	172	248	293
Revenue	511	818	1114
PAT	0.69	11	21

Vibhor Steel Tubes Limited had an asset base of 172 Crore Rs in 2021 which increased to 248 Crore Rs in 2022. This increased further to 293 Crore Rs in 2023. The revenue of the firm was 511 Crore Rs in the year 2021. The revenue increased to 818 Crore Rs in the year 2022. Then in 2023 the revenue crossed the 1000 Crore Rs mark with 1114 Crore Rs of revenue recorded in that year. The profit of the firm was 69 Lakh Rs in 2021. This boosted to 11 Crore Rs in 2022. The profit of the firm then increased by another 10 Crore Rs to 21 Crore Rs in the year 2023.

PROS

• Vibhor Steel Tubes Limited also exports its products.
• The product portfolio of the company includes Primer Painted Pipes, ERW pipes, Hollow Section pipes, Hot-dipped galvanised pipes and Crash barriers.
• It has 2 manufacilities one in Maharashtra and another one in Telangana.
• Its employee base is 640 people.

Vibhor Steel Tubes Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Vibhor Steel Tubes Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.