Vibhor Steel Tubes Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹141 - ₹151
- Lot size
- 99 shares
- Issue amount
- ₹72.17 cr
- Total subscription
- 320.05×
- Opens
- 13 Feb 2024
- Closes
- 15 Feb 2024
- Allotment
- 16 Feb 2024
- Listing
- 20 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 47,79,444 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹13,959
- Fresh issue
- ₹72.17 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,949
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,41,83,000
- Shares after issue
- 1,89,62,444
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 99 | ₹14,949 |
| sHNI | 14 | 1,386 | ₹2,09,286 |
| bHNI | 67 | 6,633 | ₹10,01,583 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 14.35 | 2,745.9 |
| RETAIL | 25.1 | 5,058.76 |
| HNIs 2+ | 3.59 | 2,900.28 |
| HNIs 10+ | 7.17 | 5,410.68 |
| EMPLOYEES | 0.45 | 96.12 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2023 |
|---|---|---|---|
| EPS | 14.85 | 0 | 0 |
| ROE | 25.51 | 17.11 | 1.14 |
| ROCE | 16.48 | 12.09 | 9.9 |
| RONW | 22.6 | 15.74 | 1.14 |
| PRE IPO(PE) | 10.17 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Vibhor Steel Tubes Limited is a major Indian manufacturer, exporter, and supplier of steel pipes and tubes used in heavy engineering industries, offering products such as ERW pipes for water, oil, and gas supply, hot-dipped galvanized pipes for agriculture and infrastructure, hollow section pipes in square and rectangular shapes, primer-painted pipes for industrial use, and crash barriers for railways, highways, and roads. The company operates two manufacturing units in Raigad, Maharashtra and Mahabubnagar, Telangana, along with a warehouse in Hisar, Haryana, and as of September 28, 2023, it had a workforce of 636 employees, including factory staff.
Strengths
- Strategic manufacturing locations: Well-placed production units streamline logistics and improve overall operational efficiency.
- Reputed industry partnership: A strong association with Jindal Pipes Limited enhances the company’s credibility and market standing.
- Global-standard manufacturing: Compliance with international standards and global certifications ensures consistent, high-quality products.
- Experienced leadership team: Skilled promoters and senior management support effective decision-making and smooth operations.
Risk factors
- High investment requirement: The business demands substantial capital, which can create pressure on financial resources.
- Large current assets tied up: A major portion of assets is locked in trade receivables and inventories, requiring strict monitoring and efficient management.
- Recent operational losses: Ongoing financial losses point to underlying challenges that need timely resolution.
- Negative cash flow impact: Cash flow deficits can affect financial stability and daily operations.
Promoters
Mr. Vijay Kaushik
Mr. Vibhor Kaushik
Mrs. Vijay Laxmi Kaushik
M/s. Vijay Kaushik HUF
Registrar & documents
Lead manager
Khambatta Securities Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 2, Industrial Development Colony, Delhi Road, Hisar -125005
+91 7030322880
[email protected]Company website ↗Understanding VSTL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.