Vibhor Steel Tubes Ltd to Launch Initial Public Offering: Here’s What You Need to Know Before Investing

Vibhor Steel Tubes Ltd is all set to introduce its initial public offering (IPO) on February 13th. The IPO is valued at Rs 72.17 crores and is scheduled to be open for subscription until February 15th. The company will utilize the entire proceeds from this issue for its working capital requirements and general corporate purposes.

The IPO is priced within a range of Rs 141 to Rs 151 per share, with a minimum lot size requirement of 99 shares for investors. Retail investors are required to invest a minimum amount of Rs 14,949, whereas the minimum investment limits for Non-Institutional Investors (NII) stands at 14 lots (1,386 shares). The IPO boasts a blend of Qualified Institutional Buyers (QIBs), Retail Investors, and Non-Institutional Investors (NII) in its reservation.

Khambatta Securities Limited is managing the bookmaking process for the Vibhor Steel Tubes IPO, while Kfin Technologies Limited has been mandated as the registrar for this issue. In the grey market, the latest Grey Market Premium (GMP) for Vibhor Steel Tubes IPO is pegged at Rs 130 as of February 12th.

The listing date for Vibhor Steel Tubes Ltd has been tentatively set for February 20th on both the BSE and NSE. With a projected listing price of Rs 281, calculated from the cap price and the day’s GMP, investors may anticipate a potential gain of 86.09 percent per share.