1. Vibhor Steel Tubes Limited IPO review | Vibhor Steel Tubes IPO on Upstox | IPO 2024

Vibhor Steel Tubes Limited IPO review | Vibhor Steel Tubes IPO on Upstox | IPO 2024

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1 min read • Updated: February 12, 2024, 6:26 PM

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Summary

Before applying for Vibhor Steel Tubes Limited IPO, here are 5 essential points to consider!

  1. IPO Details:
  • Price Band: ₹141 – ₹151 per share
  • Lot Size: 99 shares
  • Cost per Lot: ₹14,949
  • Issue Size: Approx. ₹72 crore
  1. Manufacturer, Exporter & Supplier of Steel Pipes: Vibhor Steel Tubes Limited specialises in manufacturing, exporting, and supplying steel pipes and tubes. Its products are widely used in heavy engineering industries.

  2. Strategic Partnership with Jindal Pipes Ltd: Vibhor Steel Tubes has a strategic agreement with Jindal Pipes Limited, wherein it manufactures and supplies finished goods for the Jindal Star brand. Additionally, the company can also sell its products in the open market.

  3. Financial Snapshot: Between FY21 and FY23, Vibhor Steel Tubes witnessed a 29% CAGR rise in revenue and a staggering 212% increase in profit.

  4. Fresh Issue IPO: Vibhor Steel Tubes Limited's IPO will comprise a fresh issue of shares, with proceeds utilised for working capital and general corporate purposes. The company's shares will be listed on both the NSE and the BSE.

To apply for this IPO on Upstox, click here: https://upstox.com/ipo-initial-public-offering/vibhor-steel-tubes-ipo