Bookbuilding IPO | ₹72 Cr | Listed at BSE, NSE | Tue, Feb 13, 2024 - Thu, Feb 15, 2024
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 per share. The lot size for an application is 99. The minimum amount of investment required by an retail is ₹14,949 (99 shares) (based on upper price). 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 Open
Tue, Feb 13, 2024
IPO Close
Thu, Feb 15, 2024
Issue Price
₹151 per share
Market Cap (Pre-IPO)
₹286.33 Cr
| IPO Date | 13 to 15 Feb, 2024 |
| Listed on | Tue, Feb 20, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹141 to ₹151 |
| Issue Price | ₹151 per share |
| Lot Size | 99 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 47,79,443 shares (agg. up to ₹72 Cr) |
| Fresh Issue | 47,79,443 shares (agg. up to ₹72 Cr) |
| Share Holding Pre Issue | 1,41,83,000 shares |
| Share Holding Post Issue | 1,89,62,444 shares |
| BSE Script Code / NSE Symbol | 544124 / VSTL |
| ISIN | INE0QTF01015 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 99 shares and in multiples thereof.
| 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 |
Vibhor Steel Tubes IPO raises ₹21.52 crore from anchor investors. Vibhor Steel Tubes IPO Anchor bid date is February 12, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Feb 12, 2024 |
| Shares Offered | 14,24,907 |
| Anchor Portion (₹ Cr.) | 21.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Mar 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, May 16, 2024 |
| 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 |
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.
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirements including margin money | 62.00 |
| 2 | General Corporate Purpose | 3.37 |
| Total | 65.37 |
| KPI | |
|---|---|
| ROE | 25.51% |
| ROCE | 16.48% |
| Debt/Equity | 1.63 |
| RoNW | 22.60% |
| PAT Margin | 1.89% |
| Price to Book Value | 2.30 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 14.85 | 8.99 |
| P/E (x) | 10.17 | 16.8 |
| Promoter Holding | 98.24% | |
| Market Cap | ₹286.33 Cr. |
The Vibhor Steel Tubes IPO is subscribed 320.05 times on February 15, 2024 7:02:00 PM (Day 3). The public issue subscribed 201.52 times in the retail category, 191.41 times in the QIB category, and 772.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 191.41 | 9,50,064 | 18,18,47,952 |
| NII | 772.49 | 7,12,491 | 55,03,90,896 |
| bNII (bids above ₹10L) | 754.37 | 4,74,995 | 35,83,23,471 |
| sNII (bids below ₹10L) | 808.72 | 2,37,497 | 19,20,67,425 |
| Retail | 201.52 | 16,62,479 | 33,50,18,673 |
| Employee | 215.79 | 29,502 | 63,66,096 |
| Total | 320.05 | 33,54,537 | 1,07,36,23,617 |
Total Application : 28,00,521
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM & Legal Advisors (including underwriting commission) | 0.80 |
| 2 | Advertising and marketing expenses | 0.95 |
| 3 | Fees payable to the Regulators including stock exchanges | 1.20 |
| 4 | Printing and distribution of Issue stationary | 0.35 |
| 5 | Tentative Brokerage and selling commission payable to Syndicate² & Registered Brokers (2)(3)(4) | 1.36 |
| 6 | Tentative Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs (2)(3)(4) | 0.88 |
| 7 | Others (Industry Report, charges for monitoring Agency, Registrar fees, NSDL & CDSL Fees, Investor Grievances) | 1.25 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹151.00 | ₹151.00 |
| Open | ₹421.00 | ₹425.00 |
| Low | ₹421.00 | ₹420.00 |
| High | ₹442.00 | ₹446.25 |
| Last Trade | ₹442.00 | ₹446.25 |
Lead Manager Reports
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 Crores. The issue is priced at ₹151 per share. The minimum order quantity is 99.
The IPO opens on Tue, Feb 13, 2024, and closes on Thu, Feb 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 Tue, Feb 13, 2024 and closes on Thu, Feb 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 Mon, Feb 19, 2024. Check the Vibhor Steel Tubes IPO allotment status.
The Vibhor Steel Tubes IPO listing date is on Tue, Feb 20, 2024.
