Two Dynamic IPOs Set to Revitalize Dalal Street: Vibhor Steel Tubes and Wise Travel India Eye ₹165 Crore Boost After a Week of Six Listings!

Vibhor Steel & Wise Travel IPOs

Next week, the stock market will witness the launch of two initial public offerings (IPOs), aiming to collectively raise over ₹165 crore. This development follows the listing of six IPOs in the previous week, including Megatherm Induction, Harsheep Hortico, Mayank Cattle Food, Baweja Studios, BLS E-Services, and Gabriel Pet Straps.

The upcoming IPOs are from different segments, with one being a mainboard issue and the other in the SME sector. Additionally, several other IPOs are scheduled for listing in the same week.

Details of the two IPOs opening next week are as follows:

Vibhor Steel Tubes IPO: Set for subscription from February 13 to February 15, Vibhor Steel Tubes is offering its shares at a price range of ₹141 to ₹151 per share, aiming to raise ₹72 crore. This IPO is a fresh equity issue and will have its shares allocated across different investor classes: 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. With over two decades in business, Vibhor Steel Tubes specializes in manufacturing and exporting various steel products. The funds raised will be used for working capital requirements and other corporate purposes.

Read More: Vibhor Steel Tubes IPO

Wise Travel India Limited IPO: Scheduled from February 12 to February 14, Wise Travel India is pricing its shares between ₹140 and ₹147. The company plans to issue 64.41 lakh shares, hoping to gather around ₹95 crore. Share India Capital is the book-running lead manager for this IPO, while Beetal Financial is the registrar. The proceeds from this IPO are intended for corporate funding and other business needs.

Read More: Wise Travel India 

Apart from these two, the market is also set to list several other IPOs in the same week, marking a significant period of activity for the Indian stock market.

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