Vibhor Steel Tubes was founded in 2003. Its Managing director is Mr. Vijay Kaushik. The company manufactures as well as exports steel pipes and tubes which include Black and Galvanized pipes, Hallow steel pipes, cold rolled steel strips.
The company generally works in the field of heavy engineering sectors in India. The manufacturing process of the company is very vast and encompasses a gamut of shapes and sizes and any custom design.
The company is now foraying in the stock market with issue size of Rs. 72.17 cr. The Bidding dates have been closed on 15th Feb 2024. Price range per share is between Rs 141 to 151 and individual can apply for shares in the lot size of 99 shares.
It means In order to have a single lot; an individual is required to have at least Rs. 13,959.00. You can apply for the IPO as a regular and High Net worth Individual. The brief description about the IPO is as follows:
|
Bidding Dates |
13 Feb to 15 Feb’ 2024 |
|
Minimum Investment |
Rs. 13,959.00 |
|
Price Range |
Rs. 141 – Rs 151 |
|
Issue Size |
Rs. 72.17 cr |
| Lot Size |
99 Shares |
The IPO will be listed on 20 Feb’2024. The Financials of the company has been shown in the table:
| Year | Revenue(Rs. Cr) | Profit(Rs. Cr) | Total Assets(Rs. Cr) |
|
2021 |
510.47 | 0.69 | 172.93 |
|
2022 |
817.99 | 11.33 |
248.54 |
| 2023 | 1113.12 | 21.07 |
293.63 |
The upcoming IPO of GPT Healthcare which is to open of 22 Feb’ 2024 can be read out here. As the bidding for IPO has been closed, the subscription rate for the IPO has gone multifold for every category of bidder. As of 15 Feb’ 2024, the data related to subscription is as follows:
|
Qualified Institutional Buyers |
178.73 times |
|
Non- Institutional Investors |
721.32 times |
|
Retail Individual Investor |
188.09 times |
|
Employee |
201.37 times |
| Total |
298.81 times |