Vibhor Steel Tube IPO: If you are also planning to invest in IPO then this news is for you. The IPO of Vibhor Steel Tubes is going to open in the stock market from 13th February. This IPO will remain open for general investors till 15 February. Its price band has been fixed from Rs 141 to Rs 151 per share. The size of this issue will be Rs 72.17 crore.
According to the information, the lot size of this IPO has been fixed at 99 shares. To bid for one lot you will have to invest a minimum of Rs 14,949. In this issue, 50 percent share has been earmarked for institutional investors, 35 percent for retail investors and 15 percent for non-institutional investors. The stock is likely to be listed on NSE and BSE on February 20, 2024.
Vibhor Steel Tube IPO today’s GMP
According to market experts, the GMP per share of Vibhor Steel Tube is Rs 130, which is 86 percent of the highest price of Rs 151 in its price band. According to GMP, the listing of Vibhor Steel Tube IPO can be around Rs 281. Let us tell you, GMP keeps changing according to the market conditions.
Vibhor Steel Tubes Business
Vibhor Steel Tubes manufactures high-quality steel products. The company’s high-end steel tubes and pipes are used in domestic, agricultural and industrial sectors. The company has a manufacturing facility in Raigarh district of Maharashtra. The company had an income of Rs 1,114 crore in the financial year 2022-23. The company had made a profit of Rs 21.07 crore. Till the September quarter of the current financial year, the company had earned an income of Rs 531.24 crore. During this period the company had made a profit of Rs 8.52 crore.
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