Vibhor Steel Tubes IPO

The initial public offering (IPO) of Vibhor Steel Tubes will open for subscription on February 13 and close on February 15, comprising fresh issues of Rs. 72,17 Cr. An investor can apply for the issue for a minimum of 99 shares and the listing will happen on February 20, 2024. 

#1. Quick Intro to Vibhor Steel Tubes   

Vibhor Steel Tubes Limited (2003) manufactures, exports, and supplies steel pipes and tubes to various heavy engineering industries in India.  

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Vibhor Steel Tubes   

The company intends to use the IPO Funds for the following purposes: 

1. Funding of working capital requirements of our company.
2. General corporate purposes.

#3. Vibhor Steel Tubes Core Strengths 

1. In-house designing, engineering, and execution team.
2. The strategic location of the manufacturing unit.
3. Strong execution capabilities with industry experience and established track record.
4. Experienced promoters and management team.
5. Specialized production of stainless steel pipes and tubes.
6. Good track record for the last 3 years.

#4. Vibhor Steel Tubes IPO Review & Rating

Issue Size	Rs.72.17 Crore
Issue Price	Rs.141 to Rs. 151 per share
Minimum Lot Size	99 Shares
Total Profit (March 2023)	Rs.21.07 Crore
ROE	25.51
ROCE	16.48
Listing on	BSE NSE
IPO Deliver Rating	THREE

 

#5. Vibhor Steel Tubes IPO Dates, Price Band & Details

Vibhor Steel Tubes IPO will open on February 13, 2024, and close on February 15, 2024. The IPO is to be listed on February 20, 2024.  

Type of issue	Book Built Issue IPO
Issue Size	Rs.72.17 Crore
Price Brand	Rs.141 to Rs.151 per share
Face Value	Rs. 10/- per share
IPO Open Date	February 13, 2024
IPO Close Date	February 15, 2024
IPO Allotment Date	February 16, 2024
Refund Date	February 19, 2024
Share Credit Date	February 19, 2024
Listing Date	February 20, 2024

 

#6. Vibhor Steel Tubes IPO Offer Details

Vibhor Steel Tubes IPO’s total issue size is …………. shares, comprising the below-mentioned categories. 

Offer Category	Shares Offer	Amount (Crore)
Fresh Issue	…………	72.17
Offer for Sale (OFS)	–	–

 

#7. Vibhor Steel Tubes Financials Overview (Crore)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category (Rs.)	March 31, 2023	March 31, 2022	March 31, 2021
Total Revenue	1,114.38	818.48	511.51
Net Worth	93.20	71.97	60.49
Profit	21.07	11.33	0.69
Total Borrowings	126.83	106.07	58.74

 

#8. Vibhor Steel Tubes Quantitative Factors 

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category	March 31, 2023	March 31, 2022	March 31, 2021
EPS (Rs.)	14.85	7.99	0.49
RoNW (%)	22.60	15.74	1.14
NAV (Rs.)	65.71	–	–

 

#9. Vibhor Steel Tubes Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names	Total Revenue  (Rs. in millions)	RoNW (%)	NAV (Rs.)
APL Apollo Tubes Limited	16,21,313.00	21.36	108.37
Hi-Tech Pipes Limited	2,38,810.94	9.01	32.71

 

#10. Vibhor Steel Tubes Company Promoters 

The company has Four promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No.	Name of Promoters
01.	Vijay Kaushik
02.	Vibhor Kaushik
03.	Vijay Laxmi Kaushik
04.	Vijay Kaushik HUF

 

#11. Vibhor Steel Tubes Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding	Percentage (%)
Pre-issue	98.24
Post-issue	–

 

#12. Vibhor Steel Tubes IPO Reservation Details

Vibhor Steel Tubes IPO total reservation shares are distributed between the below-mentioned categories. 

Category	Share Offered
QIB Shares Offered	Not More than 50% of the issue size
Retail Share Offered	Not less than 35% of the issue size
NII (HNI) Shares Offered	Not less than 15% of the issue size

 

#13. Vibhor Steel Tubes IPO – Lot Size

An investor can apply for a minimum of 11 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application	Lot Size	No. of Shares	Amount (Rs.)
Retail (Min.)	1	99	14,949
Retail (Max.)	13	1287	194,337
S-HNI (Min.)	14	1,386	209,286
S-HNI (Max.)	66	6,534	986,634
B-HNI (Min.)	67	6,633	1,001,583

 

#14. Vibhor Steel Tubes IPO – Prospectus Copy

An investor can download/view the Vibhor Steel Tubes prospectus copy, which the company filed to exchange, details are as follows. 

Vibhor Steel Tubes IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Vibhor Steel Tubes IPO Registrar 

Kfin Technologies Limited

Phone No.: +91-40-67162222

E-Mail: vibhor.ipo@kfintech.com

Website: www.kfintech.com

#16. Vibhor Steel Tubes IPO Lead Manager

Khambatta Securities Limited

Phone No.: +91-9953989693

E-Mail: ipo@khambattasecurities.com

Website: www.khambattasecurities.com

#17. Vibhor Steel Tubes IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Vibhor Steel Tubes  IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Vibhor Steel Tubes    Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Vibhor Steel Tubes    Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Vibhor Steel Tubes Company Details

Vibhor Steel Tubes Limited 

Registered Office: Plot No. 2, Industrial Development Colony, Delhi Road, Hisar, Haryana-125005, India

Phone No: +91-7030322880

Email: cs@vstlindia.com

Website: www.vstlindia.com

Investor Grievances/Compliance Officer: Lovkesh 

#19. Vibhor Steel Tubes Subsidiary Companies (Top 2)

Sr.No.	Name of Companies (Indian)
01.	–
02.	–

 

#20. Vibhor Steel Tubes Company Board (Top 2)

Sr. No.	Name of Directors
01.	Vijay Kaushik
02.	Vibhor Kaushik

 

Vibhor Steel Tubes IPO – Frequently Asked Questions (FAQs)

#1. What is a Vibhor Steel Tubes IPO? Vibhor Steel Tubes brings its IPO of Rs.72.17 Crore, on February 13, 2024, with a price band of Rs.141 to Rs.1151 per share.

 

#2. What is the Vibhor Steel Tubes IPO Open date? Vibhor Steel Tubes  IPO’s opening date is February 13, 2024.

 

#3. What is the Vibhor Steel Tubes IPO Close Date? Vibhor Steel Tubes  IPO’s closing date is February 15, 2024.

 

#4. What is the Vibhor Steel Tubes IPO Listing date? Vibhor Steel Tubes’s IPO listing date is February 20, 2024.

 

#5. What is the Vibhor Steel Tubes IPO Minimum investment amount? Vibhor Steel Tubes IPO’s minimum investment amount is Rs. 14,949.

 

#6. What is the Vibhor Steel Tubes IPO offer issue Size? Vibhor Steel Tubes offers an issue size of Rs.72.17 Crore.

 

#7. What is the Vibhor Steel Tubes IPO Price Band? Vibhor Steel Tubes’s IPO price band is Rs.141 to Rs.151 per share.

 

#8. Is Vibhor Steel Tubes IPO mainboard IPO or SME IPO? Vibhor Steel Tubes IPO is a Mainboard IPO.