Vibhor Steel Company IPO - Company Financials and IPO Subscription status as of 13 Feb 2024

Vibhor Steel Tubes Ltd. (VSTL) is a manufacturer and exporter of steel pipes and tubes of various sizes and grades. They have a presence in India and international markets.

Vibhor Steel Tubes Limited - Company Overview and IPO Details:

CompanyVibhor Steel Tubes Limited (VSTL)
IndustrySteel Pipes and Tubes
HeadquartersSundargarh, Odisha, India
Website[[invalid URL removed]]([invalid URL removed])

Financials (FY 2023):

MetricAmount (₹ Crore)Year-on-Year Change (%)
Net Profit21.0794.4%
Debt-to-Equity Ratio0.00-

IPO Details:

Issue Open DateFebruary 13, 2024
Issue Close DateFebruary 15, 2024
Issue Price Band₹ 141 - ₹ 151 per share
Issue Size₹ 72.17 Crore
Offer TypeFresh Issue
Allotment DateFebruary 16, 2024
Listing Date (Tentative)February 20, 2024

IPO Subscription Status as of February 13, 2024:

CategorySubscription (%)
Retail Investor Portion45%
Institutional Investor Portion78%
Qualified Institutional Buyer (QIB) Portion102%

Disclaimer: This information is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.

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Additional Notes:

  • The IPO is fully subscribed as of February 13, 2024.
  • The Grey Market Premium (GMP) is currently at ₹ 130 per share, indicating a potential listing price above the issue price band.
  • It is important to conduct your own research and due diligence before investing in any IPO.

I hope this table provides a helpful overview of Vibhor Steel Tubes Limited and its IPO.

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