Ipo Guruz

Vibhor Steel Tubes Limited IPO

Price
₹141 - ₹151

Lot
99

Subs.
320.05

Expected Listing Earning

Exp. Premium(GMP):

101.00(66.89%)

IPO Details

Open Date:	15-Feb-2024
Close Date:	18-Feb-2024
Allotment Date:	16-Feb-2024
Listing Date:	20-Feb-2024
Listing Price:	N/A
Face Value:	₹10 Per Equity Share
Issue Price:	₹141-151 Per Equity Share
Issue Size:	Total Issue Size [.] shares (aggregating up to ₹72.17 Cr) Fresh Issue [.] shares (aggregating up to ₹72.17 Cr)
Market Lot (Min Amount):	Retail - ₹14,949 : S-HNI - ₹209,286 : B-HNI - ₹1,001,583

Subscription Details Updated at End of the Day

As on	QIB	Nll	Rll	EMP	Total
Shares Offered/Reserved	950,064	712,491	1,662,479	29,502	3,354,537
Day 1 - 13-02-24 05:00 PM	3.81x	52.14x	35.71x	30.22x	30.12x
Day 2 - 14-02-24 05:00 PM	9.13x	270.92x	97.90x	85.93x	109.40x
Day 3 - 15-02-24 05:00 PM	191.41x	772.49x	201.52x	215.79x	320.05x
Total No. of Application:	2,800,521 (Approx.)
Retail Subscription on the basis of Apps:	166.77x

Valuations

Earning Per Share(EPS)	₹14.85/-
P/E Ratio	10.17
RoNW	22.60%
Net Asset Value (NAV) - Post Issue:	₹65.71/-

Company Financials (in Crore)

	Total Assets	Total Revenue	Profit After Tax
31 Sep,2023	376.48	531.24	8.52
31 Mar,2023	293.63	1,114.38	21.07
31 Mar,2022	248.54	818.48	11.33
31 Mar,2021	172.93	511.51	0.69

Promoter(s)

Pre Issue Share Holding	98.24%
Post Issue Share Holding	N/A%

Company Promoter(s)

1. Mr. Vijay Kaushik
2. Mr. Vibhor Kaushik
3. Mrs. Vijay Laxmi Kaushik
4. M/s. Vijay Kaushik HUF.

Issue Objective(s)

The net proceeds of the Issue less the issue related expenses (Net Proceeds) are proposed to be utilised in the following manner:

Funding of working capital requirements of the company; and
General corporate purposes.

About Company

Founded in 2003, Vibhor Steel Tubes Limited manufactures, exports and supplies steel pipes and tubes to various heavy engineering industries in India.

The company's product portfolio includes:

ERW pipes for application in water transport, oil, gas and other non-toxic supplies.
Hot-dipped galvanized pipes for application in agriculture and infrastructure.
Hollow section pipes in square and rectangular forms.
Primer painted pipes
Crash barriers for application in railways, highways, and roads.

The company has two manufacturing facilities in Raigad, Maharashtra and Mahabubnagar (Dist.), Telangana and a warehouse in Hisar, Haryana.

As of September 28, 2023, the company had a total of 636 employees, including workers.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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Thank you.