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
|Friday, February 16th 2024
|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
|Rs 10 per share
|Rs 141 to Rs 151 per share
|Size of Lot
|Total Issue Size
|Aggregating upto Rs 72.17 Cr
|Aggregating up to Rs 72.17 Cr
|Book Built Issue IPO
|Shareholding Pre Issue
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 Reservation
The reservation of IPO table is provided below –
|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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