Vibhor Steel IPO GMP, Price, Date, Allotment


Last updated on February 29, 2024

Vibhor Steel Tubes IPO

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.

Vibhor Steel IPO GMP

Promoters of Vibhor Steel – Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik, and Vijay Kaushik HUF

Vibhor Steel IPO Details

Vibhor Steel IPO Dates13 – 15 February 2024
Vibhor Steel Issue PriceINR 141 – 151 per share
Fresh issue4,779,444 shares (INR 72.17 crore)
Offer For SaleNil
Total IPO size4,779,444 shares (INR 72.17 crore)
Minimum bid (lot size)99 shares (INR 14,949)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE, NSE

Vibhor Steel Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income0.6911.3321.078.52
Margin (%)0.141.391.891.61
Figures in INR Crores unless specified otherwise

Vibhor Steel Offer News

Vibhor Steel Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio9.49 – 10.17
RONW (%)1.1415.7422.60
ROCE (%)9.9012.0916.48
EBITDA (%)3.903.694.21
*Compiled by IPO Central from Prospectus

Vibhor Steel IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
19 February 2024130
17 February 2024120
16 February 2024120
15 February 2024110
14 February 2024120
13 February 2024120
12 February 2024125
10 February 2024120
9 February 2024120
8 February 2024120

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

Shares Offered1,017,441763,0231,780,38631,5953,592,445
15 Feb 2024178.73721.32188.09201.37298.81
14 Feb 20248.52252.2090.2878.93101.42
13 Feb 20243.5648.3332.5127.4527.63

Vibhor Steel – Comparison With Listed Peers

CompanyPE ratioRONW (%)NAVRevenue (Cr.)
Vibhor Steel10.1722.6065.711,114.38
APL Apollo Tubes70.3921.36108.3716,213.13
Hi-Tech Pipes27.669.0132.712,388.11
Goodluck India17.8214.16227.473,086.80
Rama Steel Tubes28.9310.975.371,336.75

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 Date13 February 2024
Vibhor Steel IPO Closing Date15 February 2024
Finalization of Basis of Allotment16 February 2024
Initiation of refunds19 February 2024
Transfer of shares to demat accounts19 February 2024
Vibhor Steel IPO Listing Date20 February 2024
Opening Price on NSEINR 425 per share (up 181.46%)
Closing Price on NSEINR 446.25 per share (up 195.53%)

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Vibhor Steel Offer Lead Manager

806, World Trade Tower, Tower B,
Noida Sector-16, Uttar Pradesh-201301
Phone: +91 0120 4415469
Email: [email protected]

Vibhor Steel Offer Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]

Vibhor Steel Contact Details

Plot No. 2, Industrial Development Colony,
Delhi Road, Hisar, Haryana-125005
Phone: +91 7030322880
Email: [email protected]

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.


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