Vibhor Steel Tubes IPO

Vibhor Steel Tubes Limited

₹13,959 /99 sharesMinimum Investment

Vibhor Steel Tubes IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹151.00₹421.00₹270.00 (178.81%)
Vibhor Steel Tubes IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
13 Feb ‘24 - 15 Feb ‘24₹13,95999₹141 - ₹151
Issue SizeIPO Doc
72.17CrRHP PDF
Subscription rate
Qualified Institutional Buyers178.73x
Non-Institutional Investor721.32x
Retail Individual Investor188.09x
Employees201.37x
Total298.81x
About the company
Vibhor Steel Tubes Limited manufactures and exports steel pipes and tubes, including Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. The company was established in 2003 and it primarily caters to heavy engineering sector in India. The company offers an extensive selection of steel pipes and tubes, with varying lengths tailored to customer specifications. Its manufacturing process encompasses a diverse array of shapes and sizes, including square, round, rectangular, elliptical, or any custom design.;Founded in
2003
Managing director
Mr. Vijay Kaushik
Parent organisation
Vibhor Steel Tubes Limited
Strength and risksStrengths
Risks
The company enjoys a long-standing relationship with its customer Jindal Pipes Limited (JPL). Over the years, it has progressed from offering job-work activity to full-time production of pipes for JPL. 
The company’s manufacturing units are strategically located. Unit I in Raigad, Maharashtra, is the exclusive export centre, while Unit II near Hyderabad in Mahabubnagar District, Telangana, strategically leverages proximity for logistical efficiency and operational support.
It markets its products under the "Jindal Star" brand for Jindal Pipes Limited, adhering to international manufacturing standards. Their facility holds certifications like ISO 9001:2015 and IS standards from the Bureau of Indian Standards, enhancing their ability to produce quality ERW Steel Pipes for both domestic and international markets.
The company has collaborated with Jindal Pipes Limited to establish a comprehensive network for identifying core customers and implementing effective marketing strategies. Its well-developed distribution network and marketing system ensures product availability, facilitating an efficient supply chain, dedicated customer service, and prompt product delivery. As of March 31, 2023, the company has exported to around 10 countries globally.
Vibhor Steel Tubes has maintained consistent financial performance over the last few years. Its revenue from operations was Rs. 510.47 cr, Rs. 817.99 cr and Rs. 1,113.12 cr FY 2021, 22 and 23 respectively. The company’s Profit after Tax has also shown a consistent rise over these three years, being, Rs. 0.69 cr, Rs. 11.33 cr, and Rs. 210.66 cr in 2021, 2022 and 2023. 
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹141 - 151₹2 Lakh
Employee₹141 - 151₹2 Lakh
High Networth Individual₹141 - 151₹2 - 5 Lakh
For Vibhor Steel Tubes IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹151.00	₹421.00	₹270.00 (178.81%)

Bidding Dates	Min. Investment	Lot Size	Price Range
13 Feb ‘24 - 15 Feb ‘24	₹13,959	99	₹141 - ₹151

Issue Size	IPO Doc
72.17Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹141 - 151	₹2 Lakh
Employee	₹141 - 151	₹2 Lakh
High Networth Individual	₹141 - 151	₹2 - 5 Lakh

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Qualified Institutional Buyers	178.73x
Non-Institutional Investor	721.32x
Retail Individual Investor	188.09x
Employees	201.37x
Total	298.81x