What you must know about Vibhor Steel Tubes IPO?
by 5paisa Research Team
07 Feb 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 20-Feb-24
- IPO Price Range ₹141
- Listing Price ₹421
- Listing Change 178.8 %
- Last Traded Price ₹217.05
- Current Change 43.7 %
Vibhor Steel Tubes IPO Details
- Open Date 13-Feb-24
- Close Date 15-Feb-24
- Lot Size 99
- IPO Size ₹ 72.17 Cr
- IPO Price Range ₹ 141 to ₹ 151
- Min Investment ₹ 13959
- Listing Exchange BSE, NSE
- Basis of Allotment 16-Feb-24
- Refunds 19-Feb-24
- Credit to Demat Account 19-Feb-24
- Listing Date 20-Feb-24
Vibhor Steel Tubes IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-Feb-24 | 3.81 | 52.09 | 35.56 | 30.03 |
| 14-Feb-24 | 9.13 | 270.58 | 97.57 | 109.16 |
| 15-Feb-24 | 191.41 | 772.48 | 201.52 | 320.05 |
Vibhor Steel Tubes IPO Synopsis
Vibhor Steel Tubes IPO is set to open from 13th February to 15th February 2024. The company makes and supplies steel pipes and tubes. The IPO includes a fresh issue worth ₹72.17 cr. The share allotment date is 16th February 2024, and the IPO will be listed on 20th February 2024 on the stock exchanges. The price band is set at ₹141 to ₹151 and the lot size is 99 shares.
Khambatta Securities Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar.
Objectives of Vibhor Steel Tubes IPO:
• To fund working capital requirements.
• General corporate purposes.
Vibhor Steel Tubes IPO Video:
About Vibhor Steel Tubes
Established in 2018, Vibhor Steel makes and supplies steel pipes and tubes. The company also exports its products. The company’s steel pipes and tubes come in a wide range of shapes and sizes including square, round, rectangular and elliptical or any special shape.
These steel pipes are used in heavy engineering sectors for frames and shafts, bicycle frames, furniture, CDW pipes for shockers, structural and engineering purposes, etc.
Vibhor Steel also makes and supplies finished products for “Jindal Pipes Limited” under the brand “Jindal Star”. The company’s two manufacturing facilities are based in Maharashtra and Telangana.
Peer Comparison
• APL Apollo Tubes Limited
• Hi-tech Pipes Limited
• Goodluck India Limited
• Rama Steel Tubes Limited
For More Information:
Webstory on Vibhor Steel Tubes IPO
Vibhor Steel Tubes Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 1113.11 | 817.99 | 510.46 |
| EBITDA | 46.84 | 30.18 | 19.91 |
| PAT | 21.06 | 11.33 | 0.69 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 293.63 | 248.53 | 172.93 |
| Share Capital | 14.18 | 14.18 | 14.18 |
| Total Borrowings | 200.43 | 176.56 | 112.44 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 7.02 | -34.54 | 45.42 |
| Net cash from / (used in) investing activities | -15.53 | -4.07 | -0.89 |
| Net cash flow from / (used in) financing activities | 13.07 | 44.14 | -36.48 |
| Net increase (decrease) in cash and cash equivalents | 4.57 | 5.51 | 8.03 |
Vibhor Steel Tubes IPO Key Points
-
Strengths
1. The company is associated with Jindal Pipes Limited.
2. Its manufacturing units are strategically located.
3. The company follows international standard manufacturing practices and has international accreditations.
4. It exports manufactured goods for the Jindal Pipes Limited.
5. Its well-developed distribution and marketing network are a big plus.
6. Strong financial performance.
7. Experienced Promoters and professional senior management team. -
Risks
1. The company has reported negative cash flows.
2. The business is quite capital-intensive.
3. Trade Receivables and Inventories form a substantial part of the current assets, which needs to be maintained efficiently.
4. It has incurred losses during recent financial years.
5. The company has very high working capital requirements.
6. Exposed to foreign regulatory and forex exchange risks.
Vibhor Steel Tubes
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Vibhor Steel Tubes IPO FAQs
When does the Vibhor Steel Tubes IPO opens and closes?
Vibhor Steel Tubes IPO opens from 13th February to 15th February 2024.
What is the size of the Vibhor Steel Tubes IPO?
The IPO size of Vibhor Steel Tubes is ₹72.17 cr.
How to apply for the Vibhor Steel Tubes IPO?
To apply for Vibhor Steel Tubes IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Vibhor Steel Tubes Limited IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Vibhor Steel Tubes IPO?
The price band of Vibhor Steel Tubes is set at ₹141 to ₹151 per share.
What is the minimum lot size and investment required for the Vibhor Steel Tubes IPO?
The minimum lot size is 99 shares and the minimum investment required to apply for Vibhor Steel Tubes IPO is ₹13,959.
What is the allotment date of the Vibhor Steel Tubes IPO?
The share allotment date of Vibhor Steel Tubes is 16th February 2024.
What is the Vibhor Steel Tubes IPO listing date?
Vibhor Steel Tubes IPO will be listed on 20th February 2024.
Who are the book runners for the Vibhor Steel Tubes IPO?
Khambatta Securities Limited is the book-running lead manager for Vibhor Steel Tubes IPO.
What is the objective of Vibhor Steel Tubes IPO?
Vibhor Steel Tubes will use proceeds for:
• To fund working capital requirements.
• General corporate purposes.
Contact Details of Vibhor Steel Tubes IPO
Contact Information
Vibhor Steel Tubes Limited
Plot No. 2, Industrial Development Colony,
Delhi Road,
Hisar -125005
Phone: +91 7030322880
Email: cs@vstlindia.com
Website: http://www.vstlindia.com/
Vibhor Steel Tubes IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: vibhor.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Vibhor Steel Tubes IPO Lead Manager
Khambatta Securities Limited
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