Vibhor Steel Tubes Limited is manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. For the past two decades, Vibhor Steel Tubes Limited has been involved in manufacturing and exporting premium quality steel tubes and pipes to heavy engineering industries.
The company Offered Product:
- ERW Pipes
- Hot Dipped Galvanized Pipes
- Hollow Section Pipes
- Crash Barriers
- Primer Painted
In addition, the company is also involved in the manufacturing and supply of finished goods for “Jindal Pipes Limited” under the brand Jindal Star.
The company has two manufacturing plants located in Maharashtra and Telangana. In addition, it has one warehouse situated in Hisar, Haryana.
Vibhor Steel Tubes Limited hosts an in-house team which comprise of 627 employees running the company operation efficiently.
Vibhor Steel Tubes IPO – Details
| IPO Opening Date | 13 February 2024 |
| IPO Closing Date | 15 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 47,79,444 Shares Worth ₹72.17 Crore Fresh Issue: 47,79,444 Shares Worth ₹72.17 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹141 – ₹151 |
| Market Lot | 99 Shares |
| Min Order | 99 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | KFin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vibhor Steel Tubes IPO – Date Schedule
| IPO Open Date | 13 February 2024 |
| IPO Close Date | 15 February 2024 |
| Basis of Allotment Date | 16 February 2024 |
| Initiation of Refund | 19 February 2024 |
| Credit of Shares to Demat Account | 19 February 2024 |
| IPO Listing Date | 20 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 15 February 2024 |
Vibhor Steel Tubes IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 99 | ₹14,949 |
| Retail (Max) | 13 | 1,287 | ₹1,94,337 |
| S-HNI (Min) | 14 | 1,386 | ₹2,09,286 |
| S-HNI (Max) | 66 | 6,534 | ₹9,86,634 |
| B-HNI (Min) | 67 | 6,633 | ₹10,01,583 |
Competitive Strengths
- In house designing, engineering and execution team;
- Strategic Location of manufacturing Units;
- Strong execution capabilities with industry experience and established track record;
- Experienced Promoters and Management Team;
- Specialised production of Stainless-Steel Pipes and Tubes;
- Good track record for the last 3 years.
Company Promoters
- Mr. Vijay Kaushik
- Mr. Vibhor Kaushik
- Mrs. Vijay Laxmi Kaushik
- M/s. Vijay Kaushik HUF
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 511.50 | 507.34 | 0.68 | 58.74 |
| 31 March 2022 | 818.48 | 803.11 | 11.33 | 106.06 |
| 31 March 2023 | 1114.37 | 1086.15 | 21.06 | 126.82 |
| 30 September 2023 | 531.24 | 519.89 | 8.52 | 160.26 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.51% |
| ROCE | 16.48% |
| Debt/Equity | 1.63 |
| RoNW | 22.60% |
| P/BV | 2.3 |
Object Of The Issue
- Funding of Working Capital requirements.
- General corporate purposes.
Vibhor Steel Tubes IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | APL Apollo Tubes Limited | 64.88 |
| 2 | 1 | Hi-Tech Pipes Limited | 47.91 |
| 3 | 2 | Goodluck India Limited | 31.01 |
| 4 | 1 | Rama Steel Tubes Limited | 37.75 |
Vibhor Steel Tubes IPO Promoter Holding
| Pre Issue Share Holding | 98.24% |
| Post Issue Share Holding | 73.48% |
Vibhor Steel Tubes IPO Prospectus
Company Contact Information
| Vibhor Steel Tubes Limited Plot No. 2, Industrial Development Colony, Delhi Road, Hisar, Haryana-125005, India. Phone: +91 7030322880 Email: cs@vstlindia.com Website: www.vstlindia.com |
Vibhor Steel Tubes IPO Registrar
| KFin Technologies Limited Phone: +91 40 6716 2222 Email: vibhor.ipo@kfintech.com Website: https://rti.kfintech.com/ipostatus/ |
Vibhor Steel Tubes IPO Lead Manager(s)
| 1. Khambatta Securities Limited |
Vibhor Steel Tubes IPO FAQs
| What is Vibhor Steel Tubes IPO? Vibhor Steel Tubes IPO is a main-board IPO. The issue is priced at ₹141 to ₹151 per equity share. The IPO is to be listed on BSE & NSE. |
| When Vibhor Steel Tubes IPO will open? The IPO is to open on 13 February 2024 for QIB, NII, and Retail Investors. |
| What is Vibhor Steel Tubes IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Vibhor Steel Tubes IPO? You can apply Vibhor Steel Tubes IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Vibhor Steel Tubes IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Vibhor Steel Tubes”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Vibhor Steel Tubes IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Vibhor Steel Tubes“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Vibhor Steel Tubes IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Vibhor Steel Tubes”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Vibhor Steel Tubes IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Vibhor Steel Tubes”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Vibhor Steel Tubes IPO Size? Vibhor Steel Tubes IPO size is ₹72.17 Crore. |
| What is Vibhor Steel Tubes IPO Price Band? Vibhor Steel Tubes IPO Price Band is ₹141 to ₹151. |
| What is Vibhor Steel Tubes IPO Minimum and Maximum Lot Size? The minimum bid is 99 Shares with ₹14,949 amount while the maximum bid is 1287 Shares with ₹1,94,337. |
| What is the Vibhor Steel Tubes IPO Allotment Date? Vibhor Steel Tubes IPO allotment date is 16 February 2024. |
| What is the Vibhor Steel Tubes IPO Listing Date? Vibhor Steel Tubes IPO listing date is 20 February 2024. The IPO is to list on BSE and NSE. |
