Vibhor Steel Tubes IPO 2024: Vibhor Steel Tubes is gearing up for its Initial Public Offering (IPO) with a fresh issue worth Rs 72.17 crores. Get ready to dive into the stock market action as the subscription opens on February 13, 2024, and closes on February 15, 2024.
February 16, 2024, when the allotment results are expected. The big day is approaching as Vibhor Steel Tubes is set to debut on BSE and NSE on Tuesday, February 20, 2024.
Now, let’s talk numbers! The IPO price band is between ₹141 to ₹151 per share, with a minimum lot size of 99 shares. For retail investors, the minimum investment required is a pocket-friendly ₹14,949. For sNII, the minimum lot size investment is 14 lots (1,386 shares) at ₹209,286; for bNII, it’s 67 lots (6,633 shares) at ₹1,001,583.
Vibhor Steel Tubes IPO 2024 Date
Vibhor Steel Tubes IPO opens on February 13, 2024, and closes on February 15, 2024.
| IPO Open Date | Tuesday, February 13, 2024 |
| IPO Close Date | Thursday, February 15, 2024 |
| Basis of Allotment | Friday, February 16, 2024 |
| Initiation of Refunds | Monday, February 19, 2024 |
| Credit of Shares to Demat | Monday, February 19, 2024 |
| Listing Date | Tuesday, February 20, 2024 |
| Cut-off time for UPI | 5 PM on February 15, 2024 |
Vibhor Steel Tubes IPO 2024 Details
- Price Band: ₹141 to ₹151 per share
- Subscription Dates: February 13 to 15
- Anchor Book Bidding: February 12
- IPO Type: Fresh issue only
- Fund Usage: Working capital and general corporate needs
- Sixth IPO This Month: Vibhor joins the ranks of Apeejay Surrendra Park Hotels, Rashi Peripherals, Jana Small Finance Bank, Capital Small Finance Bank, and Entero Healthcare.
- Profit Surge: Net profit climbs from ₹11.33 crore to ₹21.06 crore
- Revenue Rise: Soars from ₹818 crore to ₹1,113 crore
Vibhor Steel Tubes IPO GMP
The grey market premium (GMP) is the price at which an IPO is traded in an unofficial/unregulated grey market before its listing. The GMP reflects how a particular company’s IPO issue might react on the day of listing. A positive GMP premium signals that the IPO is likely to be at profit while a negative GMP indicates that the IPO is likely to be at a discount.
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Vibhor Steel Tubes IPO GMP will prove risky.
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Vibhor Steel Tubes IPO Analysis
Revenue Growth: The company’s revenue has witnessed a staggering increase, soaring from ₹51,046.68 lakhs in 2021 to an impressive ₹1,11,311.90 lakhs in 2023. This surge indicates a strong market demand for its products and a substantial expansion in business scale.
Equity Growth: Equity has shown a commendable increase, rising from ₹6,048.99 lakhs in 2021 to ₹9,319.79 lakhs in 2023. This growth not only reflects investor confidence but also suggests successful capital infusion to support the company’s expansion plans.
Profitability: The bottom line has seen exponential growth, with profit after tax skyrocketing from ₹68.83 lakhs in 2021 to an impressive ₹2,106.62 lakhs in 2023. This robust profitability demonstrates the company’s ability to scale operations profitably.
Return on Net Worth (RoNW): The Return on Net Worth has shown a remarkable improvement, moving from 1.14% in 2021 to an impressive 22.60% in 2023. This upward trend underscores the company’s increasing efficiency in generating profit from shareholders’ equity.
Diluted EPS: The Diluted Earnings Per Share has undergone a dramatic increase, surging from ₹0.49 in 2021 to ₹14.85 in 2023. This substantial growth showcases the company’s improving profitability per share.
Asset and Liability Management: While total assets have seen growth, indicating business expansion, the company’s liabilities have also increased, pointing toward reliance on debt financing. The resulting high debt-equity ratio signals a leveraged financial structure.
Vibhor Steel Tubes IPO Stock Peers
- Vibhor Steel Tubes: Total Income – ₹1,114 Cr | Face Value – ₹10 | EPS Basic – ₹14.85 | P/E Ratio – N/A
- APL Apollo Tubes: Total Income – ₹16,213 Cr | Face Value – ₹2 | EPS Basic – ₹23.15 | P/E Ratio – 64.88
- Hi-Tech Pipes Ltd: Total Income – ₹2,388 Cr | Face Value – ₹1 | EPS Basic – ₹3.06 | P/E Ratio – 47.91
- Goodluck India Ltd: Total Income – ₹3,086 Cr | Face Value – ₹2 | EPS Basic – ₹33.31 | P/E Ratio – 31.01
- Rama Steel Tubes Ltd: Total Income – ₹1,336 Cr | Face Value – ₹1 | EPS Basic – ₹1.22 | P/E Ratio – 37.75
vibhor steel tubes IPO 2024 lot size
The allocation of shares is scheduled for February 16, 2024, while the IPO is slated to debut on the stock exchanges on February 20, 2024. Priced between ₹141 and ₹151, the lot size for this opportunity is a compact 99 shares.
Conclusion:
Vibhor Steel Tubes’ upcoming IPO, valued at Rs 72.17 crores, promises market excitement with its robust financials, including substantial revenue and equity growth. The IPO opens on February 13, 2024, and closes on February 15, 2024, marking a significant milestone in the company’s two-decade journey. Investors anticipate a dynamic debut on February 20, 2024.
