Vibhor Steel Tubes IPO GMP – Open and Close Date, Lot Size, Apply or not?

The date which Vibhor Steel Tubes IPO to open their subscription is on 13th February 2024 and close on 15th February 2024.  

Vibhor Steel Tubes IPO GMP

The Vibhor Steel Tubes IPO is a book-built issue of Rs 72.17 Crores. The issue is entirely a fresh issue. The allotment for this IPO is expected to be finalised on Friday, 16th Feb 2024.

Vibhor Steel Tubes IPO will list on BSE, and NSE through a tentative listing date fixed as Tuesday 20th February 2024. Vibhor Steel Tubes IPO price band is set at Rs 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 Rs 14,949. The minimum lot size investment for sNII is 14 lots (1386 shares), amounting to Rs 209, 286 and for bNII, it is 67 lots (6633 shares), amounting to Rs 1001583.

Vibhor Steel Tubes IPO GMP Open and Close Date  

Vibhor Steel Tubes IPO Timeline (Tentative Schedule) –

IPO Open Date Tuesday, February 13th
IPO Closing Date Thursday, February 15th
Allotment Basis Friday, February 16th 2024
Refund Initiation Monday, Feb 19th 2024
Credit Shares to Demat Monday, Feb 19th 2024
Date of Listing Tuesday, 20th February 2024
Cut off time for UPI mandate confirmation 5 pm on 15th February 2024

 

Vibhor Steel Tubes IPO Details

Face Value Rs 10 per share
Price Band Rs 141 to Rs 151 per share
Size of Lot 99 shares
Total Issue Size Aggregating upto Rs 72.17 Cr
Fresh Issue Aggregating up to Rs 72.17 Cr
Issued type Book Built Issue IPO
Listing at BSE, NSE
Shareholding Pre Issue 14,183,000

Vibhor Steel Tubes IPO GMP Lot Size

 The investors can bid for at least 99 shares and in multiples thereof. The maximum and very low investment from retail investors and HNI in terms of amount and shares are provided below given table –

Vibhor Steel Tubes IPO GMP (1)

Application Lots Shares Amount
Retail (Min) 1 99 Rs 14949
Retail (Max) 13 1287 Rs 194337
S-HNI (Low) 14 1386 Rs 209286
S-HNI (High) 66 6534 Rs 986634
B-HNI (Less) 67 6633 Rs 1001583

       

Vibhor Steel Tubes IPO GMP Reservation  

The reservation of IPO table is provided below –

Investor Category Shared Offered
Share Offer by QIB Not more than 50.00 % of the net offer
Retailed Shares Offered Not less than 35% of the offer
NII (HNI) shares offered Never less than 15 % of the offer

 

Vibhor Steel Tubes IPO Review  

 The company is connected with Jindal Pipes Ltd. It sells all its finished products under the name of brand “Jindal Star” to JPl and its approved consumers based on monthly card rates.

This firm brings to the table a broad range of steel pipe and tube based goods. The length of these tubes and pipes varies according to demand of customers.

They are manufacturing their tubes and pipes in various shapes like rectangles, squares, rounds or any other consumer-specific shapes.

 

These goods are utilised to create frames in bicycles, furniture, shockers and shafts and for other engineering and structural purposes.  

As per annualizing 2024 year income, with the issue appearing totally priced, this has bright prospects ahead with main infrastructure in place.

With providing these kinds of products their entire sale and goodwill are very much increased. Also able to stay connected with consumers for a long time.

Apply or not for Vibhor Steel Tubes IPO GMP

After considering various sources I suggest that customers definitely apply for this IPO because the organisation is highly good.

Due to applying here, they are able to enhance their money at a higher rate. 

The organisation has successfully exported their finished products to around 10 countries. Additionally it is seeking to continue its strategy of diversifying and expanding its presence in these regions for the growth of its business.

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