Vibhor Steel Tubes IPO Details, Date, Review, Price

Vibhor Steel Tubes IPO Details, Date, Review, Price

OUR BUSINESS

Vibhor Steel Tubes was originally incorporated as ‘Vibhor Steel Tubes Private Limited’ a private limited company under the Companies Act, 1956, under a certificate of incorporation dated April 16, 2003, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana.

Vibhor Steel Tubes was converted from a private to a public company, under a special resolution passed by the shareholders of Vibhor Steel Tubes Company on June 14, 2023, and a fresh certificate of incorporation consequent to the change of name was issued by the Registrar of Companies, Delhi (“RoC”) on July 07, 2023. Vibhor Steel Tubes Limited is a manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. We are a 2 decades old manufacturer, exporter, and supplier of steel pipes and tubes to various heavy engineering industries in India.

Steel pipes and tubes can be used for many purposes such as steel pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes, etc.  Vibhor Steel Tubes have a very wide range of steel pipes and tube products. The lengths of the steel pipes & tubes in different ranges unless otherwise specified by the customers. We manufacture steel pipes and tubes in various shapes and sizes such as square, round, rectangular, and elliptical or any special shape.

VIBHOR STEEL TUBES LIMITED IPO DATE & PRICE BAND DETAILS

IPO Open Date February 13, 2024
IPO Close DateFebruary 15, 2024
IPO SizeApprox ₹72 Crores
IPO Face Value ₹10 Per Equity Share
IPO Price Band₹141 to ₹151 Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota35%
IPO QIB Quota50%
IPO NII Quota15%
IPO DiscountN/A
DRHP DraftClick here
RHP DraftClick here
Anchor InvestorClick here

VIBHOR STEEL TUBES LIMITED IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum199₹14,949
Retail Maximum131287₹194,337
S-HNI Minimum141,386₹2,09,286
B-HNI Minimum676,633₹1,001,583

OBJECTS OF THE OFFER

  • Funding of working capital requirements of our Company.
  • General corporate purposes.

VIBHOR STEEL TUBES LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)

Feb 12, 2024
IPO Open DateFeb 13, 2024
IPO Close DateFeb 15, 2024
Basis of AllotmentFeb 16, 2024
RefundsFeb 19, 2024
Credit to Demat AccountFeb 19, 2024
IPO Listing DateFeb 20, 2024

VIBHOR STEEL TUBES LIMITED FINANCIAL REPORT

₹ in Crores
YearRevenueExpensePAT
2023₹1114.38 ₹1086.15 ₹21.07
2022 ₹818.48 ₹803.12 ₹11.33
2021 ₹511.51 ₹507.35 ₹0.69

OUR PROMOTERS

  1. Mr. Vijay Kaushik
  2. Mr. Vibhor Kaushik
  3. Mrs. Vijay Laxmi Kaushik

QUALITATIVE FACTOR

Some of the qualitative factors and our strengths that form the basis for the Issue Price are:

  • In-house designing, engineering, and execution team.
  • Strategic Location of Manufacturing Units.
  • Strong execution capabilities with industry experience and an established track record.
  • Experienced Promoters and Management Team.
  • Specialized production of Stainless-Steel Pipes and Tubes.
  • •Good track record for the last 3 years.

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 202314.8514.853
March 31, 20227.997.992
March 31, 20210.490.491
Weighted Average10.1710.17

VIBHOR STEEL TUBES LIMITED COMPANY CONTACT DETAILS

Plot No. 2, Industrial Development Colony,
Delhi Road,
Hisar,Haryana-125005, India.
Tel. No.:7030322880
E-mail:cs@vstlindia.com
Website: www.vstlindia.com

VIBHOR STEEL TUBES LIMITED IPO REGISTAR

KFin Technologies Limited
Selenium, Tower B, Plot No –31 and 32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad, 500 032
Telangana, India
Telephone: + 91 40 6716 2222/ 18003094001
Email: epack.ipo@kfintech.com
Investor grievance email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna

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