About Vibhor Steel Tubes LimitedIncorporated in 2003, Vibhor Steel Tubes Limited is a manufacturer, exporter and supplier of steel pipes and tubes used by various industrial heavy engineering industries in India. Its product portfolio includes ERW (Electrical Resistance Welding) pipes, hot-dipped galvanized pipes, hollow section and painted pipes, and crash barriers. These pipes are used in frames and shafts, bicycle frames, furniture, shockers, structural purposes, engineering purposes and more. It has an agreement with Jindal Pipes Limited, through which it receives orders directly from customers. However, the quality is checked by the customer and the brand name Jindal Star. While the products are directly delivered to the customer, the company invoices Jindal so that it becomes its main customer and debtor. Even though it's a long-term agreement, it's not exclusive and the company can still sell its products in the open market. As of Q2 FY24, some of its customers include Jindal Pipes, BLA Udyog, Mick D.O.O, Sudferrum GMBH & CO.KG, G.B.M Building Equipments SRL, and Om Sairam Steels and Alloys.Its raw materials include HR Coils and Zinc, which it procures from the Steel Authority of India, JSW Steel, Hindustan Zinc Limited and others. Between FY21 and FY23, it saw a CAGR rise of 29% in its revenue from operations and 212% in its profit. Moreover, the steel tubes and pipes industry has observed a growth rate of ~18% between April 2023 and August 2023, and the momentum is expected to continue, backed by rising demand from key end-user industries. All of this could benefit the company. And now, Vibhor Steel Tubes Limited is coming out with its initial public offer (IPO). The IPO will be a fresh issue and the money raised will be utilised for funding working capital requirements and general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the Vibhor Steel Tubes Limited IPO:
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Here’s a quick look at Vibhor Steel Tubes Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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Vibhor Steel Tubes Limited IPO details|Vibhor Steel Tubes Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Vibhor Steel Tubes IPO’s opening date – in other words, the Vibhor Steel Tubes IPO launch date – will be 13th February 2024. The Vibhor Steel Tubes IPO closing date is 15th February 2024. After this, investors will be updated about the allotment status on 16th February 2024. Investors, who have been allotted shares, can expect them to be credited to their demat account on 19th February 2024. The Vibhor Steel Tubes IPO listing date is 20th February 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |Vibhor Steel Tubes Limited IPO Price BandThe IPO is a fresh issue. The Vibhor Steel Tubes IPO price band has been set between ₹141 and ₹151 per share. Interested investors can choose a price within this band to apply for the IPO. The Vibhor Steel Tubes IPO listing price will be determined on 20th February 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. |Vibhor Steel Tubes Limited IPO Lot size The Vibhor Steel Tubes IPO details have been declared. The Vibhor Steel Tubes IPO lot size is set at 99 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Vibhor Steel Tubes IPO issue size is approx ₹72 crore. |
How to pre-apply for the Vibhor Steel Tubes Limited IPO?You can pre-apply for the Vibhor Steel Tubes Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Vibhor Steel Tubes Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Vibhor Steel Tubes Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Vibhor Steel Tubes Limited IPO on Upstox:
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How to check the Vibhor Steel Tubes LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Vibhor Steel Tubes Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Vibhor Steel Tubes Limited IPOTo apply for the Vibhor Steel Tubes Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Vibhor Steel Tubes Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Vibhor Steel Tubes Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Vibhor Steel Tubes IPO means applying for this public issue before it goes live. Click here to pre-apply for the Vibhor Steel Tubes IPO on Upstox.
You can pre-apply for the Vibhor Steel Tubes IPO from 10 February 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Vibhor Steel Tubes IPO opens for the subscription.
The Vibhor Steel Tubes IPO launch date is 13th February 2024. The Vibhor Steel Tubes IPO will be open for subscription till 15th February 2024.
The Vibhor Steel Tubes lot size is 99 shares and the minimum investment required is ₹14,949.
The Vibhor Steel Tubes IPO price band is ₹141 – ₹151 per share.
The size of the Vibhor Steel Tubes IPO is approx. ₹72 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 19th February 2024.
Vibhor Steel Tubes shares will be on NSE and BSE.
Vibhor Steel Tubes shares’ listing date is 20th February 2024.