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Vibhor Steel Tubes IPO: Opportunity to earn big money in share market, know these important updates before taking subscription – Bollywood Keeda

Vibhor Steel Tubes IPO: The initial public offer of Vibhor Steel has opened for subscription and will close on February 15. The IPO, which is a completely fresh equity issue of Rs 72 crore, is priced between Rs 141-151. Before the opening of the issue, the company has raised about Rs 21 crore from anchor investors.

Vibhor Steel Tubes IPO GMP

Shares of the company are trading with a GMP of Rs 130 in the unlisted market and considering the upper price band, this indicates a listing gain of around 86% if the trend continues.

Vibhor Steel Tubes IPO Review

Analysts advised investors to subscribe to the issue due to attractive pricing and optimistic business outlook.

“Despite being largely dependent on Jindal for volumes, the company has shown good financial performance over the years. Profitmart Securities said that investors can get good returns in the medium term as well as long term. Avinash Gorakshkar said.

other details

About 50% of the issue is reserved for qualified institutional buyers, 15% for non-institutional bidders and 35% for retail investors.

Vibhor Steel Tubes is a manufacturer and exporter of Mild Steel ERW Black and galvanized Pipes, Hollow Steel Pipes, Cold Rolled Steel (CR) Strips. The company has been in business for more than 2 decades.

Steel pipes and tubes can be used for many purposes like steel pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, Steel pipes etc. for various engineering purposes.

In FY23, the company’s revenue from operations grew 36% year-on-year to Rs 1,113 crore and net profit almost doubled to Rs 21.06 crore. Revenue for the six months ending September 2023 was Rs 530 crore and profit was Rs 8.52 crore.

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