Established in 2003, Vibhor Steel Tubes Limited specializes in the production, export, and distribution of steel pipes and tubes across diverse heavy engineering sectors in India.
Their product range encompasses:
- ERW pipes utilized for water conveyance, oil, gas, and other safe fluid transportation purposes.
- Hot-dipped galvanized pipes designed for applications in agriculture and infrastructure development.
- Hollow section pipes available in square and rectangular configurations.
- Primer painted pipes for enhanced durability and corrosion resistance.
- Crash barriers engineered for installation in railways, highways, and road infrastructure projects.
Vibhor Steel Tubes IPO is a book built issue of Rs 72.17 crores. The issue is entirely a fresh issue. Vibhor Steel Tubes IPO opens for subscription on February 13, 2024 and closes on February 15, 2024. The allotment for the Vibhor Steel Tubes IPO is expected to be finalized on Friday, February 16, 2024.
Vibhor Steel Tubes IPO price band is set at 141 to 151 per share. The minimum lot size for an application is 99 Shares. The minimum amount of investment required by retail investors is 14,949.
Vibhor steel tubes IPO Objectives
The funds raised from the Issue, after deducting issue-related expenses (Net Proceeds), are intended to be utilized as follows:
- Meeting the company’s working capital needs.
- Supporting general corporate purposes.
Vibhor Steel Tubes : Financials
| 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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.51% |
| ROCE | 16.48% |
| Debt/Equity | 1.63 |
| RoNW | 22.60% |
| P/BV | 2.3 |
Vibhor Steel Tubes IPO Promoter Holding
| Pre Issue Share Holding | 98.24% |
| Post Issue Share Holding |
Vibhor Steel Tubes IPO Timeline
Vibhor Steel Tubes IPO opens on February 13, 2024, and closes on February 15, 2024.
| IPO Open Date | Tuesday, February 13, 2024 |
| IPO Close Date | Thursday, February 15, 2024 |
| Basis of Allotment | Friday, February 16, 2024 |
| Initiation of Refunds | Monday, February 19, 2024 |
| Credit of Shares to Demat | Monday, February 19, 2024 |
| Listing Date | Tuesday, February 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 15, 2024 |
