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Vibhor Steel Tubes IPO is a book build issue of ₹72.17 crores. The issue is entirely a fresh issue of 0.48 crore shares of ₹72.17 crore.
Vibhor Steel Tubes IPO bidding started from Feb 13, 2024 and ended on Feb 15, 2024. The allotment for Vibhor Steel Tubes IPO was finalized on Feb 16, 2024. The shares got listed on BSE, NSE on Feb 20, 2024.
Vibhor Steel Tubes IPO price band is set at ₹151.00 per share . The lot size for an application is 99. The minimum amount of investment required by an retail is ₹13,959 (99 shares). The lot size investment for sNII is 14 lots (1,386 shares), amounting to ₹2,09,286, and for bNII, it is 67 lots (6,633 shares), amounting to ₹10,01,583.
The issue includes a reservation of up to 29,503 shares for employees offered at a discount of ₹0.00 to the issue price.
Khambatta Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Vibhor Steel Tubes IPO RHP for detailed Information.
| IPO Date | February 13, 2024 to February 15, 2024 |
| Listing Date | February 20, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹141 to ₹151 per share |
| Issue Price Final | ₹151 per share |
| Lot Size | 99 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 47,79,443 shares (aggregating up to ₹72.17 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,41,83,000 shares |
| Share Holding Post Issue | 1,89,62,444 shares |
Vibhor Steel Tubes IPO offers total 47,79,443 shares. Out of which 23,74,970 (49.69%) allocated to QIB, 9,50,063 (19.88%) allocated to QIB, 7,12,491 (14.91%) allocated to NII, 16,62,479 (34.78%) allocated to RII and 14,24,907 (29.81%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 23,74,970 (49.69%) | NA |
| − Anchor Investor Shares Offered | 14,24,907 (29.81%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 9,50,063 (19.88%) | NA |
| NII (HNI) Shares Offered | 7,12,491 (14.91%) | NA |
| − bNII > ₹10L | 4,74,994 (9.94%) | 342 |
| − sNII < ₹10L | 2,37,497 (4.97%) | 171 |
| Retail Shares Offered | 16,62,479 (34.78%) | 16,792 |
| Employee Shares Offered | 29,503 (0.62%) | NA |
| Total Shares Offered | 47,79,443 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Vibhor Steel Tubes IPO raises ₹21.52 crore from anchor investors. Vibhor Steel Tubes IPO Anchor bid date is February 12, 2024. Vibhor Steel Tubes IPO Anchor Investors list
| Bid Date | February 12, 2024 |
| Shares Offered | 14,24,907 |
| Anchor Portion Size (In Cr.) | 21.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 16, 2024 |
Vibhor Steel Tubes IPO opens on February 13, 2024, and closes on February 15, 2024.
| IPO Open Date | Tue, Feb 13, 2024 |
| IPO Close Date | Thu, Feb 15, 2024 |
| Tentative Allotment | Fri, Feb 16, 2024 |
| Initiation of Refunds | Mon, Feb 19, 2024 |
| Credit of Shares to Demat | Mon, Feb 19, 2024 |
| Tentative Listing Date | Tue, Feb 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 15, 2024 |
Investors can bid for a minimum of 99 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1,287 | ₹1,94,337 |
| S-HNI (Min) | 14 | 1,386 | ₹2,09,286 |
| S-HNI (Max) | 66 | 6,534 | ₹9,86,634 |
| B-HNI (Min) | 67 | 6,633 | ₹10,01,583 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in 2003, Vibhor Steel Tubes Limited manufactures, exports and supplies steel pipes and tubes to various heavy engineering industries in India.
The company's product portfolio includes:
The company has two manufacturing facilities in Raigad, Maharashtra and Mahabubnagar (Dist.), Telangana and a warehouse in Hisar, Haryana.
As of January 24, 2024 the company had a total of 640 permanent employees.
Vibhor Steel Tubes Limited's revenue increased by 36.15% and profit after tax (PAT) rose by 85.91% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 376.48 | 293.63 | 248.54 | 172.93 |
| Total Income | 531.24 | 1,114.38 | 818.48 | 511.51 |
| Profit After Tax | 8.52 | 21.07 | 11.33 | 0.69 |
| Net Worth | 101.76 | 93.20 | 71.97 | 60.49 |
| Total Borrowing | 160.27 | 126.83 | 106.07 | 58.74 |
| Amount in ₹ Crore | ||||
The market capitalization of Vibhor Steel Tubes IPO is ₹286.33 Cr.
| KPI | Values |
|---|---|
| ROE | 25.51% |
| ROCE | 16.48% |
| Debt/Equity | 1.63 |
| RoNW | 22.60% |
| Price to Book Value | 2.30 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 14.85 | 8.99 |
| P/E (x) | 10.17 | 16.8 |
[Dilip Davda] The company is primary supplier of tubes and pipes to Jindal Pipes Ltd. and has a long term contract of around 6 years as of now. Asa claimed by the management, this contract is not exclusive and the company has liberty to sell products in the open markets. The company has posted growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium term. Read detail review...
| Listing Date | February 20, 2024 |
| BSE Script Code | 544124 |
| NSE Symbol | VSTL |
| ISIN | INE0QTF01015 |
| Final Issue Price | ₹151 per share |
| BSE Listing Group | B |
Vibhor Steel Tubes Ltd.
Plot No. 2, Industrial Development Colony,
Delhi Road,
Hisar -125005
Hisar, Haryana
Phone: +91 7030322880
Email: cs@vstlindia.com
Website: http://www.vstlindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: vibhor.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Vibhor Steel Tubes IPO is a main-board IPO of 47,79,443 equity shares of the face value of ₹10 aggregating up to ₹72.17 Crores. The issue is priced at ₹151 per share. The minimum order quantity is 99.
The IPO opens on February 13, 2024, and closes on February 15, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Vibhor Steel Tubes IPO using UPI as a payment gateway. Zerodha customers can apply in Vibhor Steel Tubes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vibhor Steel Tubes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vibhor Steel Tubes IPO opens on February 13, 2024 and closes on February 15, 2024.
Vibhor Steel Tubes IPO lot size is 99, and the minimum amount required for application is ₹14,949.
You can apply in Vibhor Steel Tubes IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vibhor Steel Tubes IPO will be done on Friday, February 16, 2024, and the allotted shares will be credited to your demat account by Monday, February 19, 2024. Check the Vibhor Steel Tubes IPO allotment status.
The Vibhor Steel Tubes IPO listing date is on Tuesday, February 20, 2024.
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