Vibhor Steel Tubes IPO GMP, Open and Close Date, Reservation, Lot Size, Price Band

Vibhor Steel Tubes IPO GMP:- The Vibhor Steel Tubes IPO will be obtainable from February 13 to February 15, 2024, inclusive. Vibhor Steel Tubes Ltd.’s shares have a face value of ₹10 each & the Steel Tubes for the book building initial public offering (IPO) is ₹141 to ₹151 a share. As of February 8, 2024, at 07:58 AM, the GMP for the Vibhor Steel Tubes Limited IPO is ₹120. The pricing Tubes for Vibhor Steel Tubes Limited’s IPO is ₹141 to ₹151 per share. The subscription period for Vibhor Steel Tubes IPO will begin on Tuesday, February 13 & end on Thursday, February 15.

This indicates that there is a high demand for the company’s shares in the secondary market before its official listing. Investors are closely monitoring this premium as it can provide insights into investor sentiment and future performance. However, it’s important to note that investing in IPOs carries inherent risks and thorough analysis should be conducted before making any investment decisions. GMP (Grey Market Premium) for the Vibhor Steel Tubes IPO is currently fluctuating based on market demand and investor sentiment. The GMP represents the premium at which the IPO shares are being traded in the grey market, which is an unofficial market where shares are bought and sold before they are listed on the stock exchange. As of now, there is no definitive information available regarding the exact GMP for the Vibhor Steel Tubes IPO.

Vibhor Steel Tubes IPO GMP

The GMP (Grey Market Premium) for the Vibhor Steel Tubes IPO refers to the price at which the shares are trading in the grey market before the official listing on the stock exchange. It is an indicator of investor sentiment and can give potential investors an idea of how the IPO is expected to perform. The open and close dates, reservation details, lot size, and price band are important information for investors looking to participate in the IPO. These details help investors understand when they can apply for shares, how many shares they can apply for, and at what price range the shares are being offered.

Being aware of these factors can help investors make informed decisions about whether or not to invest in the Vibhor Steel Tubes IPO. The face value of ₹10 is increase by 14.10 times the floor price, and by 15.10 times the cap price. There are 99 shares in the Vibhor Steel Tubes IPO lot size. Bids can be put down for multiples of 99 shares, with a minimum bid of 99. GMP (Grey Market Premium) of the Vibhor Steel Tubes IPO has been generating significant buzz among investors. The Grey Market Premium refers to the difference between the unofficial market price of an IPO and its issue price. In the case of Vibhor Steel Tubes, the GMP is a reflection of the market’s perception of the company’s value and potential for growth. As of now, the GMP for Vibhor Steel Tubes IPO is [insert current GMP].

Vibhor Steel Tubes IPO GMP Details

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About the Vibhor Steel Tubes IPO

The stock of Vibhor Steel Tubes IPO has a face value of ₹10 per share & the price band for the book building IPO has been set in the Tubes of ₹141 to ₹151 per share. Vibhor Steel Tubes IPO will be absolutely a fresh issue of shares with no offer for sale (OFS) component. A fresh matter  tends to bring in fresh funds into the company, but is also EPS and equity dilutive. On the other hand, OFS is just a transfer of ownership. The fresh matter portion of the IPO of Vibhor Steel Tubes Ltd comprises the issue of 47,79,470 shares (47.79 lakh shares approximately), which at the upper price band of ₹151 per share will translate into a fresh matter size of ₹72.17 crore.

Since there is no OFS portion, the fresh issue portion will also dual up as the overall IPO size. Thus, the total IPO of Vibhor Steel Tubes Ltd will also comprise of the issue of 47,79,470 shares (47.79 lakh shares approximately) which at the higher  end of the price band of ₹151 per share aggregates to total matter size of ₹72.17 crore. The IPO of Vibhor Steel Tubes Ltd will be listed on the NSE and the BSE on the IPO mainboard. The fresh funds will be second-hand to fund long term working capital needs and for general corporate purposes. Promoters currently hold 98.24% in the company, which will get weak post the IPO to 73.48%. The IPO will be lead managed by Khambatta Securities Ltd. KFIN Technologies Ltd will be the registrar to the IPO.

Apply or not for Vibhor Steel Tubes IPO GMP

After considering various sources I propose that customers definitely apply for this IPO because the organization is highly good. Due to applying here, they are able to enhance their money at a higher rate. The organization has successfully sell overseas their finished products to around 10 countries. Additionally it is seeking to continue its master plan of diversifying and expanding its presence in these regions for the growth of its business.

Vibhor Steel Tubes IPO Reservation

Vijay Kaushik, M/s. Vijay Kaushik HUF, Vibhor Kaushik & Vijay Laxmi Kaushik all promoted the business. Currently, the advocate own a total of 1,32,46,500 equity shares, or 93.40% of the issued, subscribed, and paid-up equity share capital of the firm prior to its issuance.

According to the conditions of the offer, methodical investors will get at least 35% of the net offer size, with up to 50% of the offer reserved for qualified institutional buyers (QIBs). 15% more is set aside for HNI & NII investors.

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Vibhor Steel Tubes IPO Price Band

Vibhor Steel Tubes’ IPO Steel Tubes is between 141 and 151 rupees per share. The ₹72.17 crore Vibhor Steel Cylinders Restricted first sale of stock (Initial public offering) is completely inventive and does exclude a proposal to sell. Since its establishing in 2003, Vibhor Steel Cylinders Restricted has created, sent out, and provided steel lines and cylinders to the weighty designing areas in India.

They give preliminary covered pipes, crash obstructions, follow area pipes, hot-plunged aroused pipes, and ERW pipes. Notwithstanding a stockroom in Hisar, Haryana, the firm has two creation offices in Mahabubnagar (Dist.) what’s more, Raigad, Maharashtra. As of January 24, 2024, 640 permanent employees were employ by the company.

Vibhor Steel Tubes IPO Dates

On February 13, 2024, Vibhor Steel Tubes will go public & on February 15, 2024, it will close. The IPO listing for Vibhor Steel Tubes is time table for February 20, 2024, with the finalization of the allocation taking place on February 16, 2024.

Vibhor Steel Tubes IPO Lot Size

The minimum number of shares that an magnate must submit with their IPO application is known as the lot size. Since it is a mainboard issue, the lot size at most applies to the IPO.

Once it is listed, it can even be traded in multiples of one share. The minimum lot size & its multiples are the sole investment options obtainable to IPO participants. With an upper band indicative value of ₹14,949, the minimum lot size in the instance of Vibhor Steel Tubes Ltd. is 99 shares.

Vibhor Steel Tubes IPO GMP Reservation

The reservation of IPO table is provided below.

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Vibhor Steel Tubes IPO Timeline (Tentative Schedule)

Vibhor Steel Tubes IPO “Apply or Not”?

You should carefully consider your financial goals and risk tolerance before making a decision because investing in an IPO carries risks. Talk with a business organization or monetary counselor in the event that you require individualized direction. If Vibhor Steel Tubes has a good reputation, you should apply, but you can decide whether or not to participate in this initial public offering.

To apply for the Vibhor Steel Tubes IPO, you can make use of your bank account’s ASBA (Application Supported by Blocked Amount) feature. To apply, simply sign into your web-based ledger and pick the Contribute region, then Vibhor Steel Cylinders Initial public offering. As another option, you can physically apply by downloading Initial public offering structures from the NSE and BSE.

What are the Objective of Vibhor Steel Tubes IPO?

In numerous businesses, including development, railways, oil and gas, and agribusiness, steel is fundamental. India is a notable player in the worldwide steel pipe market.

The business is confident that the medium-term development pace of steel lines and cylinders would probably go on because of developing interest from significant end-client areas, like framework, land, oil and gas, and so forth. Coming up next is a rundown of the deal’s objectives:

• financing of the needs for operating capital.
• general objectives of the company.

Conclusion

In conclusion, the GMP (Grey Market Premium) of the Vibhor Steel Tubes IPO indicates a positive sentiment among investors. The Grey Market Premium is the difference between the IPO price and the price at which shares are traded in the grey market before listing. Based on current market trends and demand for Vibhor Steel Tubes shares, the GMP suggests that there is significant interest in the IPO. This indicates that investors see potential in the company and its prospects for growth. However, it is important to note that the Grey Market Premium is not a guarantee of future performance and investors should carefully consider their own investment goals and risk tolerance before making any decisions.

FAQ About Vibhor Steel Tubes IPO GMP

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