Vibhor Steel Tubes IPO GMP:- The Vibhor Steel Tubes IPO will be obtainable from February 13 to February 15, 2024, inclusive. Steel Tubes Ltd.’s shares have a face value of ₹10 each & the price span for the book building initial public offering (IPO) is ₹141 to ₹151 a share. The GMP (Grey Market Premium) for the Vibhor Steel Tubes IPO is a reflection of market sentiment and investor interest in the company’s shares. It represents the difference between the price at which shares are being traded in the grey market and the IPO issue price. As of now, there is no specific information available about the GMP for Vibhor Steel Tubes IPO. The GMP can vary based on various factors, including market conditions, demand for the company’s shares, and investor perception.
Investors should carefully evaluate all relevant information and consult with their financial advisors before making any investment decisions. Vibhor Steel Tubes IPO has been steadily increasing, indicating strong investor interest in the company. The Grey Market Premium is the difference between the IPO price and the unofficial market price at which shares are being traded before they are officially listed. As of now, the GMP for Vibhor Steel Tubes IPO stands at XYZ, suggesting that investors expect a healthy return on their investment. This positive sentiment can be attributed to various factors such as the company’s solid financial performance, strong growth prospects, and positive industry outlook.
Vibhor Steel Tubes IPO GMP
As of February 8, 2024, at 07:58 AM, the GMP for the Vibhor Steel Tubes Limited IPO is ₹120. The pricing range for Vibhor Steel Tubes Limited’s IPO is ₹141 to ₹151 per portion. The subscription period for Vibhor Steel Tubes IPO will stert on Tuesday, February 13, and end on Thursday, February 15. There are 99 shares in the Vibhor Steel Tubes IPO lot size. Bids can be placed for numerous of 99 shares, with a minimum bid of 99. The face value of ₹10 is multiplied by 14.10 times the floor price & by 15.10 times the cap price. However, it is important to note that Grey Market prices are not always accurate predictors of post-IPO performance, as they can be influenced by various factors and may not reflect the true value of the company.
Vibhor Steel Tubes IPO GMP, or Grey Market Premium, refers to the price difference between the unofficial market and the official issue price of the initial public offering (IPO). The Grey Market is an over-the-counter market where investors can trade shares before they are officially listed on a stock exchange. It provides an indication of investor sentiment towards the IPO and can give potential investors an idea of how much demand there is for the company’s shares. A positive GMP suggests that there is strong interest in the IPO and that investors are willing to pay a premium for the shares.
Vibhor Steel Tubes IPO GMP Overviews
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Vibhor Steel Tubes IPO Dates
On February 13, 2024, Vibhor Steel Tubes will go public & on February 15, 2024, it will close. The IPO listing for Vibhor Steel Tubes is time table for February 20, 2024, with the finalization of the allotment taking place on February 16, 2024.
Vibhor Steel Tubes IPO Price Band
The IPO pricing range for Vibhor Steel Tubes is ₹141 to ₹151 per share. The ₹72.17 crore Vibhor Steel Tubes Limited initial public offering (IPO) is entirely innovative and does not incorporate an offer to sell. Since its founding in 2003, Vibhor Steel Tubes Limited has manufacture, exported & supplied steel pipes & tubes to the heavy engineering sectors in India.
They provide primer cover pipes, crash barriers, follow section pipes, hot-dipped galvanized pipes, and ERW pipes. In addition to a warehouse in Hisar, Haryana, the firm has two production provision in Mahabubnagar (Dist.) and Raigad, Maharashtra. The firm employed 640 people permanently as of January 24, 2024.
Vibhor Steel Tubes IPO Reservation
Vijay Kaushik, M/s. Vijay Kaushik HUF, Vibhor Kaushik & Vijay Laxmi Kaushik all promoted the business. Currently, the advocate own a total of 1,32,46,500 equity shares, or 93.40% of the issued, subscribed & paid-up equity share capital of the firm prior to its issuance.
According to the conditions of the offer, regular investors will get at least 35% of the net offer size, with up to 50% of the offer reticent for qualified institutional buyers (QIBs). 15% more is set aside for HNI and NII investors.
Apply or not for Vibhor Steel Tubes IPO GMP
Subsequent to considering different sources I recommend that clients certainly apply for this Initial public offering on the grounds that the association is exceptionally great. They can increase their money at a faster rate by applying here.
The company has successfully exported its finished goods to approximately ten nations. Also it is looking to proceed with its methodology of enhancing and extending its presence in these areas for the development of its business.
Vibhor Steel Tubes IPO Review
The organization is associated with Jindal Pipes Ltd. It sells generally its done items under the name of brand “Jindal Star” to JPl and its supported purchasers in view of month to month card rates. This firm offers that might be of some value an expansive scope of steel line and cylinder based merchandise. The length of these Tubes and lines fluctuates as per request of clients. They are fabricating their Tubes and lines in different shapes like square shapes, squares, adjusts or some other customer explicit shapes.
These products are used to make shockers, shafts, bicycle frames, furniture, and other engineering and structural parts. According to annualizing long term pay, with the issue showing up completely evaluated, this has brilliant possibilities ahead with principal framework set up. With giving these sorts of items their whole deal and altruism are especially expanded. Likewise ready to remain associated with customers for quite a while.
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Vibhor Steel Tubes IPO Timeline (Tentative Schedule)
Vibhor Steel Tubes IPO opens on February 13, 2024 & closes on February 15, 2024.
|IPO Open Date
|Tuesday, February 13, 2024
|IPO Close Date
|Thursday, February 15, 2024
|Basis of Allotment
|Friday, February 16, 2024
|Initiation of Refunds
|Monday, February 19, 2024
|Credit of Shares to Demat
|Monday, February 19, 2024
|Tuesday, February 20, 2024
|Cut-off time for UPI mandate confirmation
|5 PM on February 15, 2024
Vibhor Steel Tubes IPO Lot Size
The base number of offers that a financial backer should submit with their Initial public offering application is known as the parcel size. Since it is a mainboard issue, the parcel size just applies to the Initial public offering. Whenever it is recorded, it could in fact be exchanged products of one offer. The base parcel size and its products are the sole venture choices accessible to Initial public offering members. With an upper band demonstrative worth of ₹14,949, the base parcel size in the case of Vibhor Steel Tubes Ltd. is 99 offers.
Financial backers can offer for at least 99 offers and in products thereof. The amounts of shares and the minimum and maximum investments made by retail investors and HNI are shown in the table below.
|Lot Size Calculator
Vibhor Steel Tubes Limited Financial Information (Restated Consolidated)
Vibhor Steel Tubes Limited’s revenue reticent by 36.15% and profit after tax (PAT) rose by 85.91% between the financial year ending with March 31, 2023 and March 31, 2022.
|30 Sep 2023
|31 Mar 2023
|31 Mar 2022
|31 Mar 2021
|Profit After Tax
|Amount in ₹ Crore
Vibhor Steel Tubes IPO “Apply or Not”?
Remember that there are perils related with putting resources into an Initial public offering, so before you choose, you ought to painstakingly assess your monetary targets and hazard resistance. Talk with a business organization or monetary counsel on the off chance that you require individualized direction. It’s wise to apply on the off chance that Vibhor Steel Tubes has serious areas of strength for a, however the choice to take part in this first sale of stock is all yours.
You can utilize the ASBA (Application Upheld by Hindered Sum) component of your financial balance to apply for the Vibhor Steel Tubes Initial public offering. To apply, simply sign into your web-based financial balance and pick the Contribute region, then Vibhor Steel Tubes Initial public offering. You can also apply by hand by downloading IPO forms from the NSE and BSE.
What are the Objective of Vibhor Steel Tubes IPO?
In many industries, including construction, railroads, oil & gas, agriculture, steel is essential. India is a well-known player in the global steel pipe market.
The business is optimistic that the medium-term growth rate of steel pipes & tubes would likely continue due to growing demand from main end-user sectors, such as infrastructure, real estate, oil & gas, etc. The following is a list of the offer’s goals.
- financing of the needs for operating capital.
- general objectives of the company.
In conclusion, the Grey Market Premium (GMP) for Vibhor Steel Tubes IPO reflects a positive sentiment among investors. The GMP is a measure of the premium at which shares are being traded in the unofficial market before they are listed on the stock exchange. Based on current market trends and demand, it appears that there is significant interest in Vibhor Steel Tubes IPO. This can be attributed to factors such as the company’s strong financial performance, solid growth prospects, and positive industry outlook. However, it is important for investors to carefully evaluate all relevant information and conduct their own due diligence before making any investment decisions. GMP for Vibhor Steel Tubes IPO indicates a favorable response from investors.
FAQ About Vibhor Steel Tubes IPO GMP
What is Vibhor Steel Tubes IPO?
Vibhor Steel Tubes IPO is a main-board IPO. They are going to raise ₹72.17 Crores via IPO. The issue is priced at ₹141 to ₹151 pr equity share. The IPO is to be listed on BSE & NSE.
What is Vibhor Steel Tubes IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
When Vibhor Steel Tubes IPO will open?
The IPO is to open on February 13, 2024 for QIB, NII, and Retail Investors.