Vibhor Steel Tubes IPO will knock on the Dalal Street doors on February 13, 2024. This IPO is getting huge attention among investors because of its fundamentals and the company’s financials. Vibhor Steel Tubes is a steel tube manufacturer supplying its steel pipes to various industries in India. It was founded in the year 2003. They have numerous products in their portfolio which include ERW pipes, Hot-dipped galvanized pipes, Hollow section pipes, primer-painted pipes, and crash barriers for application in railways, highways, and roads.
The grey market premium of this IPO is at ₹101. Vibhor Steel Tubes IPO is opening on 13th February 2024 and it will end on February 15, 2024. The face value of the share is ₹10 per share and the price band of this IPO is ₹141 to ₹151 per share. The Vibhor Steel Tubes IPO will be listed on February 20, 2024. Applicants will get the credit of shares in their Demat account on February 19, 2024.
Investors who want to invest in this Initial Public Offer have to buy min 99 shares which is the minimum lot size for a retail investor. On the other side, if any retail investor wants to buy more than 1 lot then they can bid for a maximum of 13 lots which contains 1287 shares.
S-HNI can bid for a minimum of 14 lots and the maximum lots will be 66 lots. Category B-HNI has to bid a minimum of 67 lots which contain 6,633 shares amounting to ₹1,001,583.
Discussing the annual financial stats of the company till 31 Mar 2023, they have marked revenue of ₹1,114.38 crore. The profit after tax (PAT) was ₹21.07 crore. Also, the total borrowing of the company was ₹152.38 crores. Vibhol Steel Tubes has assets worth ₹293.63. Now moving toward the key performance indicators of the Vibhor Steel Tubes has an ROE of 25.51%. The Debt/Equity ratio is 1.63 and ROCE is 16.48%. After seeing the fundamentals, the IPO looks interesting and it may grab the attention. Stay tuned to read the latest business news on our website.
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