Established in 2003, Vibhor Steel Tubes Limited is a manufacturer, exporter, and supplier of steel pipes and tubes to various heavy engineering industries in India. Their product range includes ERW pipes for water transport, oil, gas, and similar applications, as well as hot-dipped galvanized pipes used in agriculture and infrastructure. Additionally, they produce hollow section pipes in square and rectangular forms, primer-painted pipes, and crash barriers for railway, highway, and road applications. The company operates manufacturing facilities in Raigad, Maharashtra, and Mahabubnagar, Telangana, along with a warehouse in Hisar, Haryana. With a workforce of 636 employees, including workers, as of September 28, 2023, Vibhor Steel Tubes Limited remains committed to delivering quality products to its customers in the heavy engineering sector.
Key Points Regarding Vibhor Steel Tubes Limited IPO
| IPO Date | February 13, 2024 to February 15, 2024 |
| Price Band | ₹141 to ₹151 per share |
| Face Value | Rs 10 per share |
| Lot Size | 99 Shares |
| Total Issue Size | (aggregating up to ₹72.17 Cr) |
| Listing Date | Tuesday, February 20, 2024 |
| Listing At | BSE, NSE |
Vibhor Steel Tubes Limited IPO Details
Vibhor Steel Tubes is offering new shares worth Rs 72.17 crores in its IPO.
The IPO will be open for subscription from February 13 to February 15, 2024. The company plans to finalize the share allotment by February 16, 2024, and it will list on both the BSE and NSE by February 20, 2024.
Investors can buy shares at a price ranging from ₹141 to ₹151 per share. The minimum number of shares one can apply for is 99, requiring an investment of at least ₹14,949 for retail investors.
For sNII, the minimum lot size is 14 lots, which amounts to ₹209,286, and for bNII, it’s 67 lots, equaling ₹1,001,583.
Vibhor Steel Tubes Limited Financial Information (Restated Standalone)
Between March 31, 2022, and March 31, 2023, Vibhor Steel Tubes Limited saw a 36.15% increase in revenue and an 85.91% rise in profit after tax (PAT). (Amount in ₹ Crore)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 293.63 | 248.54 | 172.93 |
| Revenue | 1,114.38 | 818.48 | 511.51 |
| Profit After Tax | 21.07 | 11.33 | 0.69 |
| Net Worth | 93.20 | 71.97 | 60.49 |
| Total Borrowing | 152.38 | 127.05 | 74.22 |
Contact Details
Vibhor Steel Tubes Limited
Plot No. 2, Industrial Development Colony,
Delhi Road,
Hisar -125005
Phone: +91 7030322880
Email: [email protected]
Website: http://www.vstlindia.com/
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