VIBHOR STEEL TUBES IPO Subscription Status Today – Open IPO

VIBHOR STEEL TUBES IPO Subscription Status Today – Open IPO

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VIBHOR STEEL TUBES IPO Subscription Open on Friday, Feb 13, 2024, and is close on Feb 15, 2024. VIBHOR STEEL TUBES IPO aims to generate approximately 72.17 crores through its IPO. Here’s a breakdown: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (NII). The share price is in the range of 141 to 151 per equity share. Don’t miss out on these details!

In the VIBHOR STEEL TUBES IPO, you need to buy at least 99 shares, and the application amount is 14949. This IPO is under NSE SME and will be listed on NSE SME soon.

IPOPremiums View

We suggest investors consider applying for an IPO with both short-term and long-term perspectives. It’s important to examine the QIB, NII, and Retail numbers before making any investment decisions.

VIBHOR STEEL TUBES IPO Subscription Status – Day 1

VIBHOR STEEL TUBES IPO subscribed 29.51 times. The public issue subscribed 34.69 times in the retail category, 3.81 times in QIB, and 51.71 times in the NII category by January 20, 2024 (Day 1).

IPO Category Subscription (times)
QIB 3.81
NII 51.71
RII 34.69
Total 29.51

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Established in 2003, Vibhor Steel Tubes Limited specializes in the production, export, and distribution of steel pipes and tubes to diverse heavy engineering sectors in India.

The company’s range of products encompasses:

1. ERW pipes designed for use in water transportation, oil, gas, and other non-toxic supply applications.
2. Hot-dipped galvanized pipes tailored for applications in agriculture and infrastructure.
3. Hollow section pipes available in square and rectangular configurations.
4. Primer painted pipes.
5. Crash barriers suitable for implementation in railways, highways, and roads.

Investor Types in Euphoria Infotech IPO

  1. Smart Investors: Includes Financial Institutions, Banks, FIIs, and Mutual Funds
  2. Everyday Investors: Individual Investors, NRIs, Companies, Trusts, etc.
  3. Regular Folks: Retail Individual Investors or NRIs
  4. Company Heroes: Eligible Employees
  5. Other Shareholders: Eligible Shareholders
 

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