Vibhor Steel Tubes Limited IPO
Vibhor Steel Tubes Limited was a mainboard IPO in the Iron & Steel Products sector, offered at ₹141–₹151 per share to raise ₹72 crore. The issue was subscribed 298.86× overall (QIBs 178.73×, NIIs 721.34×, retail 188.17×). It listed on 20 Feb 2024 at ₹425 and closed its first day at ₹446, a listing gain of +195.5% versus the ₹151 issue price. It now trades around ₹96 (-36.1% versus the issue price).
Frequently asked questions
- How many times was the Vibhor Steel Tubes Limited IPO subscribed?
- The Vibhor Steel Tubes Limited IPO was subscribed 298.86× overall — 178.73× in the QIB category, 721.34× among non-institutional investors, 188.17× in retail.
- What were the Vibhor Steel Tubes Limited IPO listing gains?
- Vibhor Steel Tubes Limited listed on 20 Feb 2024 at ₹425, closing its first day at ₹446 — a listing gain of +195.5% versus the ₹151 issue price.
- What were the retail allotment odds for the Vibhor Steel Tubes Limited IPO?
- Retail was subscribed 188.17×, so a single-lot application had roughly a 0.5% chance of allotment (about 1 in 188), and allotment was finalised on 16 Feb 2024.
- What was the price band and lot size of the Vibhor Steel Tubes Limited IPO?
- The price band was ₹141–₹151 per share, with a minimum lot of 99 shares (₹14,949 at the upper band).
- Who were the registrar and lead manager for the Vibhor Steel Tubes Limited IPO?
- KFin Technologies Limited was the registrar, and Khambatta Securities was the book-running lead manager.