Vibhor Steel Tubes Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Vibhor Steel Tubes Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹151
Per ShareLot Size
99 Shares
Minimum Investment
₹14,949
Issue Size
₹72.17 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Vibhor Steel Tubes Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
93.39%
Issue Type
Book Building
ISIN
INE0QTF01015
Company History
The Company was originally incorporated as `Vibhor Steel Tubes Private Limited' a private limited company under the Companies Act, 1956 at, pursuant to a certificate of incorporation dated April 16, 2003 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter, the Company was converted from private to public company, pursuant to a special resolution passed by the shareholders of the Company on June 14, 2023 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Delhi ("RoC") on July 07, 2023.
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 47,79,443* equity shares of face value of Rs. 10 each ("Equity Shares") of Vibhor Steel Tubes Limited ("Company") for cash at a price of Rs. 151 per equity share (including a premium of Rs. 141 per equity share) ("Offer Price") aggregating up to Rs. 72.17 crores through an fresh issue of equity shares. This offer includes a reservation of up to 29,503 equity shares (constituting up to 0.16% of the post-issue paid-up equity share capital of the company) aggregating up to Rs. 0.45 crores for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The issue less the employee reservation portion is hereinafter referred to as the "Net Offer". The issue and the net offer will constitute 25.20% and 25.05% of its post-offer paid-up equity share capital, respectively. The face value of equity shares is Rs. 10 each and the offer price is 15.10 times of the face value of the equity shares. *Subject to finalisation of basis of allotment.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- The average price/earnings ("P/E") ratio of the listed industry peer set was x as on while its P/E ratio will be at premium of times at the higher price band and times at the lower price band. The trading price of its Equity Shares may fluctuate based on a comparison of the P/E ratio of the listed industry peer set and the Company.
- The Company has reported certain negative cash flows from its financing activity and investing activity, details of which are given below. Sustained negative cash flow could impact its growth and business.
- The Company, its Promoters/Director and its Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- Covid-19 or the outbreak of any other severe communicable disease could have a potential impact on its business, financial condition and results of operations.
- The Company has entered into long-term agreements with Jindal Pipes Limited purchasing its Products.