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Vibhor Steel Tubes IPO

Vibhor Steel Tubes IPO

  • Status: Closed
  • RHP:
  • ₹ 13,959 / 99 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    20 Feb 2024

  • Listing Price

    ₹421.00

  • Listing Change

    178.81%

  • Last Traded Price

    ₹261.00

IPO Details

  • Open Date

    13 Feb 2024

  • Close Date

    15 Feb 2024

  • IPO Price Range

    ₹ 141 to ₹ 151

  • IPO Size

    ₹ 72.17 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    20 Feb 2024

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IPO Timeline

Vibhor Steel Tubes IPO Subscription Status

Last Updated: 15 March 2024 10:33 AM by 5Paisa

Vibhor Steel Tubes IPO is set to open from 13th February to 15th February 2024. The company makes and supplies steel pipes and tubes. The IPO includes a fresh issue worth ₹72.17 cr. The share allotment date is 16th February 2024, and the IPO will be listed on 20th February 2024 on the stock exchanges. The price band is set at ₹141 to ₹151 and the lot size is 99 shares.   

Khambatta Securities Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar. 

Objectives of Vibhor Steel Tubes IPO:

    • To fund working capital requirements.
    • General corporate purposes.

Vibhor Steel Tubes IPO Video:

 

Established in 2018, Vibhor Steel makes and supplies steel pipes and tubes. The company also exports its products. The company’s steel pipes and tubes come in a wide range of shapes and sizes including square, round, rectangular and elliptical or any special shape.

These steel pipes are used in heavy engineering sectors for frames and shafts, bicycle frames,  furniture, CDW pipes for shockers, structural and engineering purposes, etc. 

Vibhor Steel also makes and supplies finished products for “Jindal Pipes Limited” under the brand “Jindal Star”. The company’s two manufacturing facilities are based in Maharashtra and Telangana. 

Peer Comparison
    • APL Apollo Tubes Limited
    • Hi-tech Pipes Limited
    • Goodluck India Limited
    • Rama Steel Tubes Limited

For More Information:
Webstory on Vibhor Steel Tubes  IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 1113.11 817.99 510.46
EBITDA 46.84 30.18 19.91
PAT 21.06 11.33 0.69
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 293.63 248.53 172.93
Share Capital 14.18 14.18 14.18
Total Borrowings 200.43 176.56 112.44
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 7.02 -34.54 45.42
Net cash from / (used in) investing activities -15.53 -4.07 -0.89
Net cash flow from / (used in) financing activities 13.07 44.14 -36.48
Net increase (decrease) in cash and cash equivalents 4.57 5.51 8.03


Strengths

1. The company is associated with Jindal Pipes Limited.
2. Its manufacturing units are strategically located. 
3. The company follows international standard manufacturing practices and has international accreditations.
4. It exports manufactured goods for the Jindal Pipes Limited.
5. Its well-developed distribution and marketing network are a big plus. 
6. Strong financial performance. 
7. Experienced Promoters and professional senior management team.

Risks

1. The company has reported negative cash flows.
2. The business is quite capital-intensive. 
3. Trade Receivables and Inventories form a substantial part of the current assets, which needs to be maintained efficiently. 
4. It has incurred losses during recent financial years. 
5. The company has very high working capital requirements. 
6. Exposed to foreign regulatory and forex exchange risks.

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FAQs

Vibhor Steel Tubes IPO opens from 13th February to 15th February 2024.

The IPO size of Vibhor Steel Tubes is ₹72.17 cr.

To apply for Vibhor Steel Tubes IPO, follow the steps given below
    • Login to your 5paisa account and select the issue in the current IPO section    
    • Enter the number of lots and the price at which you wish to apply for the Vibhor Steel Tubes Limited IPO.    
    • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The price band of Vibhor Steel Tubes is set at ₹141 to ₹151 per share.

The minimum lot size is 99 shares and the minimum investment required to apply for Vibhor Steel Tubes IPO is ₹13,959.

The share allotment date of Vibhor Steel Tubes is 16th February 2024.

Vibhor Steel Tubes IPO will be listed on 20th February 2024.

Khambatta Securities Limited is the book-running lead manager for Vibhor Steel Tubes IPO.

 Vibhor Steel Tubes will use proceeds for:
    • To fund working capital requirements.
    • General corporate purposes.