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IPO Status: Listed [13th Feb 2024 to 15th Feb 2024]
Vibhor Steel Tubes IPO, a Mainline IPO of ₹72.17 Cr was launced on 13-02-2024 to 15-02-2024 and the shares got listed on BSE, NSE on 20-02-2024.
The public issue of Vibhor Steel Tubes IPO (VSTL,544124) was offered at ₹151.00 per share and the ipo was listed at ₹425. It has delivered listing gain of 181.46%.
As the minimum lot size was 99 shares, the IPO has offered Rs 27126 per lot return on listing.
| IPO Issue Opening Date: | 13th Feb 2024 |
| IPO Issue Closing Date: | 15th Feb 2024 |
| IPO Issue Price: | ₹141.00-151.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹72.17 Cr |
| Fresh Issue: | ₹72.17 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 98.24% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544124 |
| NSE Code: | VSTL |
Get important updates regarding Vibhor Steel Tubes IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 16th Feb 2024 |
| Refunds Initiation* | 19th Feb 2024 |
| Credit of Shares to Demat* | 19th Feb 2024 |
| IPO Listing Date* | 20th Feb 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹141.00-151.00 |
| Market Lot: | 99 Shares |
| 1 Lot Amount: | ₹14949 |
| Min Small HNI Lots(2-10 Lakh): | 1386 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 6633 shares (67 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 20-02-2024 | 151.00 | 140 | 10500/147000 | ₹291 (92.72%) | 20-Feb-2024 9:31 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in the year 2003, Vibhor Steel Tubes Limited is a manufacturer and exporter of ERW Pipes in mild steel/carbon steel in black and galvanized finish, Hallow Steel Pipe, Cold Rolled Steel Coils. The company has been a manufacturer, exporter and supplier of steel pipes for various heavy industries in India for the last 2 decades. Steel pipes can be used for many purposes like steel pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shock absorbers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc.
The product range of steel tubes is very wide. The lengths of the steel tubes are different unless otherwise specified by the customers. They manufacture steel pipes in various shapes and sizes such as square, round, rectangular and elliptical or any special shape.
The company has its quality team consisting of 627 dedicated employees working at various locations under the overall supervision of the Board of Directors. The quality control team ensures that both the raw materials and finished products are checked for all quality parameters to ensure that they meet international product standards.
| Incorporation | Sector | IPO Issue Size | Website |
| 2003 | Iron & Steel Products | ₹72.17 Cr | http://www.vstlindia.com/ |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 950,064 (28.32%) | 712,491 (21.24%) | 1,662,479 (49.56%) | 29,502 | 3,354,537 | |
| 1 | 13th Feb 2024 19:04 | 3.81x | 52.14x | 35.71x | 30.22x | 30.12x |
| 2 | 14th Feb 2024 19:04 | 9.13x | 270.92x | 97.90x | 85.93x | 109.40x |
| 3 | 15th Feb 2024 19:04 | 191.41x | 772.49x | 201.52x | 215.79x | 320.05x |
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 |
| Revenue | 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 table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Vibhor Steel Tubes Limited | 14.85 | 14.85 | 65.71 | 10.17 | 22.6 | Consolidated |
| Apl Apollo Tubes Ltd. | 23.15 | 23.15 | 108.37 | 64.88 | 21.36 | Consolidated |
| Hi-tech Pipes Limited | 3.06 | 2.18 | 32.71 | 47.91 | 9.01 | Consolidated |
| Goodluck India Ltd | 33.31 | 33.31 | 227.47 | 31.01 | 14.16 | Consolidated |
| Rama Steel Tubes Ltd | 1.22 | 1.16 | 5.37 | 37.75 | 10.97 | Consolidated |
Last Updated on 24-Feb-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Vibhor Steel Tubes IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Vibhor Steel Tubes IPO with Zerodha.
Alternate approch to apply in Vibhor Steel Tubes IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Vibhor Steel Tubes IPO Review and Important Updates
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To subscribe or apply in Vibhor Steel Tubes IPO, you can use the following methods:
| Vibhor Steel Tubes IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Vibhor Steel Tubes IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Vibhor Steel Tubes IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Vibhor Steel Tubes IPO. Most of the Syndicate Banks provide access to apply in Vibhor Steel Tubes IPO via ASBA process. You must have your net banking access, DP ID information to apply in Vibhor Steel Tubes IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Vibhor Steel Tubes IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Vibhor Steel Tubes IPO Review and Important Updates
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Applying in Vibhor Steel Tubes IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Vibhor Steel Tubes IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Vibhor Steel Tubes IPO, please refer article >> Link
Vibhor Steel Tubes IPO Review and Important Updates
Steps to download the online application form for Vibhor Steel Tubes IPO
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Vibhor Steel Tubes IPO is going to be list on 20-02-2024. NSE Code for Vibhor Steel Tubes is VSTL. BSE Code for Vibhor Steel Tubes is 544124.
Other relevant questions:
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Vibhor Steel Tubes IPO Allotment Date is 16-02-2024.
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Vibhor Steel Tubes IPO share allotment date?Vibhor Steel Tubes IPO allotment date?
