Vibhor Steel Tubes IPO Date: Vibhor Steel Tubes Limited’s IPO has opened and will remain open until February 15, 2024. The company, which specializes in manufacturing steel pipes, has set the IPO price band at Rs 141 to Rs 151 per equity share. This book-built issue is for listing on both the NSE and BSE stock exchanges.
The company aims to raise Rs 72.17 crore through the issuance of fresh shares. Investors interested in participating in the Vibhor Steel Tubes IPO can bid for a minimum of 95 shares and in multiples of 95 thereafter.
Vibhor Steel Tubes IPO Date 2024
Vibhor Steel Tubes Limited’s financial performance, market outlook, management quality, and other factors should be thoroughly evaluated before making an investment decision. Prior to the IPO launch, shares of Vibhor Steel Tubes are available in the grey market. According to stock market experts, the current share price of the company is Rs 132 in the unofficial market.
While investing in the grey market can be risky and illegal, it can give an idea of the demand and potential value of a company’s shares before they hit the stock exchange. It is important for investors to do their due diligence and carefully consider all factors before making any investment decisions.
Vibhor Steel Tubes IPO Date Details
| Article Name | Vibhor Steel Tubes IPO Date |
| Official Site | Click Here |
| Category | Finance |
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About Vibhor Steel Tubes Limited
Established in 2003, Vibhor Steel Tubes Limited is a prominent manufacturer, exporter, and supplier of metal pipes and tubes to several heavy engineering industries in India. The company’s extensive product range includes a wide variety of seamless pipes and tubes, welded tubes, and other related products that meet the specific requirements of its clients. Vibhor Steel Tubes Limited has earned a reputation for delivering high-quality products and services to its customers consistently. The company has also implemented state-of-the-art technologies and equipment to ensure superior product quality and timely delivery.
- ERW pipes are used for water transport, oil, fuel, and other non-hazardous substances.
- Hot pipes are utilized for infrastructure and agricultural applications.
- Rectangular and square paperwork contain hollow section pipes.
- Pipes painted with primer
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% |
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Vibhor Steel Tubes Ltd IPO Objective
Vibhor Steel Tubes’ primary objective is to finance its operational capital needs.
- The business company plans to utilize INR 6,200 lakhs of the Net Proceeds to fund its anticipated working capital needs. The INR 6,200 lakhs will be utilized throughout Fiscal 2024.
- The company’s main objective is to use the budget effectively to support the overall corporate goals, including funding growth opportunities such as ongoing company needs, everyday business expenses, and company development projects.
Vibhor Steel Tubes IPO Market Lot
The Vibhor Steel Tubes IPO has a minimum market lot of ninety-nine stocks, requiring an application quantity of Rs 14,949. Retail investors can apply for up to a lot with 1287 shares or Rs 194,337 amount. This initial public offering offers a great investment opportunity for those interested in the steel industry. Vibhor Steel Tubes is a leading manufacturer of steel pipes and tubes, catering to various industries such as construction, infrastructure, and automotive. With its advanced technology and commitment to quality, the company has established itself as a reliable player in the market. The IPO is expected to raise funds for expansion and growth initiatives, which could potentially lead to higher returns on investment.
| 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% |
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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
Every business has its strengths and opportunities for growth. Recognizing and leveraging these key areas can be the difference between success and stagnation. In this blog post, we’ll dive into what exactly constitutes a strength or opportunity, and how to identify them within your own business. We’ll also discuss strategies for capitalizing on these strengths and seizing opportunities to propel your business forward. So if you’re ready to unlock the full potential of your company, keep reading for our comprehensive guide on identifying and maximizing your key strengths and opportunities.
Association with Jindal Pipes Limited
The founders of Vibhor Steel Tubes and Jindal Pipes Limited (“JPL”) have a typical relationship originating from Hisar. The company has a long-standing association with JPL and sells its complete range of products under the brand “Jindal Star” to JPL and its authorized customers at monthly card rates. JPL facilitates the entire procurement and sales process, ensuring transparent pricing and effective passing on of raw material cost variations to the customers.
Strategic location of manufacturing Units
Unit II is situated approximately 70 kilometers from Hyderabad in the Mahabubnagar District of Telangana, close to the Jadcherla industrial area. This close proximity provides logistical advantages, as well as access to power, water supply, and raw materials for its operations in the Unit.
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Well-advanced distribution advertising and marketing community
With the help of Jindal Pipes Limited, the company has developed and put into practice an extensive array of networking channels across the industry to strengthen its ability to identify the primary customer base and develop appropriate advertising and marketing strategies for procuring and coordinating tasks to provide tailored solutions for clients. The distribution and marketing network guarantees product accessibility to its customers, leading to an effective delivery chain, dedicated customer service, and quick turnaround times for product delivery.
Experienced Promoters and senior management team
The owners of Vibhor Steel Tubes, Mr. Vijay Kaushik and Mr. Vibhor Kaushik, have over 4 and 2 years of experience, respectively, in the Steel Pipes & Tubes industry and have played a crucial role in the company’s growth since its establishment. The management team’s experience and understanding of the company will enable it to capitalize on current and future opportunities. The majority of the senior management staff have long tenures, leading to effective operational coordination and the ongoing implementation of business strategies.
Vibhor Steel Tubes IPO Apply Online
To seek employment at Vibhor Steel Tubes through Alice Blue, you need to adhere to these guidelines.
- Consider opening a Demat and Trading Account if you do not have one already, to buy and sell securities with Alice Blue.
- After activating your account, you can review the details of the Vibhor Steel Tubes IPO in the IPO section of the Alice Blue platform.
- Submit your bid by indicating the quantity of shares you wish to purchase and placing your bid within the IPO’s price range.
- Please confirm all your details and submit the application.
- Applying for the Vibhor Steel Tubes IPO at Alice Blue is just a few clicks away!
- Please verify your allotment status to see if you have been allocated any shares after the allotment process.
Kindly note that the allocation of shares is not assured and may depend on the demand for the IPO.
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How to check Vibhor Steel Tubes IPO Allotment Status?
IPOs can be an exciting investment opportunity, but it can also be nerve-wracking waiting to find out if you’ve been allotted shares. If you’re eagerly awaiting the Vibhor Steel Tubes IPO allotment status, you’re in the right place. In this blog post, we’ll guide you through the process of checking your allotment status and provide helpful tips to ensure a seamless experience. Whether you’re a first-time IPO investor or a seasoned pro, this information will help you stay informed and make the most of your investment journey. So, let’s dive in and learn how to check the Vibhor Steel Tubes IPO allotment status.
Verifying the allocation status of an IPO on Alice Blue is generally reliable. Kindly follow the provide instructions.
- Access your Alice Blue Account by logging in through the Alice Blue website or their trading app.
- Please access the Portfolio or IPO Section, as the location may vary depending on the layout of Alice Blue’s platform. Generally, you can check the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Locate the IPO Allotment Status by searching for a subsection labeled ‘IPO Allotment Status’ or something comparable. This is where you can view the status of the IPOs for which you have applied.
- Please choose the Vibhor Steel Tubes IPO from the dropdown menu or list if you have complete multiple IPOs.
- Please review the status: The status of your application should be visible here. If you have been allocate stocks, they may be mentioned here.
In case you encounter any issues, it is recommend that you reach out to Alice Blue’s customer support for assistance.
Conclusion
Vibhor Steel Tubes Limited is a notable player in the metal pipes and tubes industry, offering a diverse product portfolio that caters to various sectors including infrastructure, agriculture, and engineering. The company has announced its upcoming IPO from 13th February to 15th February 2024, with a price range of Rs.141 to Rs.151 per share, and an overall issue size of Rs.72.17 crore. The IPO presents an opportunity for investors to be a part of the company’s growth story and benefit from its promising prospects in the industry. Vibhor Steel Tubes Limited’s strong market presence, innovative products, and customer-centric approach make it an attractive investment option in the metal pipes and tubes sector.
Vibhor Steel Tubes IPO Date FAQ’S
How do I check my IPO allotment status?
You have the option to verify the allotment status on the registrar's website. To check the allotment status of the Vibhor Steel Tubes IPO, please visit the registrar's website.
What is IPO status?
The IPO allotment status provides investors with information about the number of shares allocated to them in an initial public offering (IPO). The IPO registrar oversees the allotment procedure.
Why is IPO not allotted?
The company is receiving numerous IPO applications that use the same PAN number.
Is IPO good or bad?
Small investors may find it advantageous.
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