Vibhor Steel IPO Description – The company is a manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, and Cold rolled Steel (CR) Strips/ Coils. It has experience of over 20 years and manufactures, exports, and supplies steel pipes and tubes to various heavy engineering industries in India. Vibhor Steel Tubes manufactures steel pipes and tubes in various shapes and sizes such as square, round, rectangular elliptical, or any special shape.
Vibhor Steel Tubes manufactures & supplies the finished goods for ‘Jindal Pipes Limited’ vide the renewed agreement dated 1 April 2023, under the brand name “Jindal Star”. The agreement is valid for 6 years and provides orders with a minimum quantity of 1,00,000 MT per annum to fill the majority capacity of Vibhor Steel Tubes.
The company has two manufacturing facilities. Unit I is located in Raigad, Maharashtra, used for domestic and export sales. Unit II is located around 70 kms from Hyderabad in the Mahabubnagar District, State of Telangana, and close to the Jadcherla industrial area. This proximity enables ease of logistics, power, water supply, and raw materials.
Promoters of Vibhor Steel – Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik, and Vijay Kaushik HUF
Table of Contents
Vibhor Steel IPO Details
| Vibhor Steel IPO Dates | 13 – 15 February 2024 |
| Vibhor Steel Issue Price | INR 141 – 151 per share |
| Fresh issue | 4,779,444 shares (INR 72.17 crore) |
| Offer For Sale | Nil |
| Total IPO size | 4,779,444 shares (INR 72.17 crore) |
| Minimum bid (lot size) | 99 shares (INR 14,949) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Vibhor Steel Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 510.47 | 818.00 | 1,113.12 | 530.51 |
| Expenses | 507.35 | 803.12 | 1,086.15 | 519.89 |
| Net income | 0.69 | 11.33 | 21.07 | 8.52 |
| Margin (%) | 0.14 | 1.39 | 1.89 | 1.61 |
Vibhor Steel Offer News
Vibhor Steel Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.49 | 7.99 | 14.85 |
| PE ratio | – | – | 9.49 – 10.17 |
| RONW (%) | 1.14 | 15.74 | 22.60 |
| NAV | 42.64 | 50.74 | 65.71 |
| ROCE (%) | 9.90 | 12.09 | 16.48 |
| EBITDA (%) | 3.90 | 3.69 | 4.21 |
| Debt/Equity | 1.23 | 1.77 | 1.63 |
Vibhor Steel IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 19 February 2024 | 130 | – | – |
| 17 February 2024 | 120 | – | – |
| 16 February 2024 | 120 | – | – |
| 15 February 2024 | 110 | – | – |
| 14 February 2024 | 120 | – | – |
| 13 February 2024 | 120 | – | – |
| 12 February 2024 | 125 | – | – |
| 10 February 2024 | 120 | – | – |
| 9 February 2024 | 120 | – | – |
| 8 February 2024 | 120 | – | – |
Vibhor Steel Tubes IPO Objectives
The net proceeds of the Issue, i.e. gross proceeds of the Issue less the issue-related expenses (Net Proceeds) are proposed to be utilized in the following manner:
- Funding of working capital requirements of the company – INR 62 crore
- General corporate purposes
Vibhor Steel Tubes IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 1,017,441 | 763,023 | 1,780,386 | 31,595 | 3,592,445 |
| 15 Feb 2024 | 178.73 | 721.32 | 188.09 | 201.37 | 298.81 |
| 14 Feb 2024 | 8.52 | 252.20 | 90.28 | 78.93 | 101.42 |
| 13 Feb 2024 | 3.56 | 48.33 | 32.51 | 27.45 | 27.63 |
Vibhor Steel – Comparison With Listed Peers
| Company | PE ratio | RONW (%) | NAV | Revenue (Cr.) |
| Vibhor Steel | 10.17 | 22.60 | 65.71 | 1,114.38 |
| APL Apollo Tubes | 70.39 | 21.36 | 108.37 | 16,213.13 |
| Hi-Tech Pipes | 27.66 | 9.01 | 32.71 | 2,388.11 |
| Goodluck India | 17.82 | 14.16 | 227.47 | 3,086.80 |
| Rama Steel Tubes | 28.93 | 10.97 | 5.37 | 1,336.75 |
Vibhor Steel IPO Allotment Status
Vibhor Steel IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Vibhor Steel IPO Dates & Listing Performance
| Vibhor Steel IPO Opening Date | 13 February 2024 |
| Vibhor Steel IPO Closing Date | 15 February 2024 |
| Finalization of Basis of Allotment | 16 February 2024 |
| Initiation of refunds | 19 February 2024 |
| Transfer of shares to demat accounts | 19 February 2024 |
| Vibhor Steel IPO Listing Date | 20 February 2024 |
| Opening Price on NSE | INR 425 per share (up 181.46%) |
| Closing Price on NSE | INR 446.25 per share (up 195.53%) |
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Vibhor Steel Offer Lead Manager
KHAMBATTA SECURITIES LIMITED
806, World Trade Tower, Tower B,
Noida Sector-16, Uttar Pradesh-201301
Phone: +91 0120 4415469
Email: [email protected]
Website: www.khambattasecurities.com
Vibhor Steel Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Vibhor Steel Contact Details
VIBHOR STEEL TUBES LIMITED
Plot No. 2, Industrial Development Colony,
Delhi Road, Hisar, Haryana-125005
Phone: +91 7030322880
Email: [email protected]
Website: www.vstlindia.com
Vibhor Steel IPO FAQs
How many shares in Vibhor Steel IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Vibhor Steel Public Offer?
The best way to apply in Vibhor Steel’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Vibhor Steel IPO GMP today?
Vibhor Steel IPO GMP today is INR 130 per share.
What is Vibhor Steel kostak rate today?
Vibhor Steel kostak rate today is INR NA per application.
What is Vibhor Steel Subject to Sauda rate today?
Vibhor Steel Subject to Sauda rate today is INR NA per application.
