Vibhor Steel Tubes Limited IPO Details & IPO Analysis
| ipo Dates | Min. Investment | Lot Size | Price Range | Issue Size | IPO Doc |
|---|---|---|---|---|---|
| 13 Feb ‘24–15 Feb ‘24 | ₹13,959 | 99 | ₹141 – ₹151 | 72.17Cr | View |
Introduction
Vibhor Steel Tubes Limited produces and ships steel pipes and tubes worldwide, specializing in Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hollow Steel Pipe, and Cold Rolled Steel (CR) Strips/Coils. Established in 2003, the company primarily serves India’s heavy engineering sector. Offering a wide range of steel pipes and tubes, it customizes lengths according to customer requirements. The manufacturing process covers various shapes and sizes, including square, round, rectangular, elliptical, and bespoke designs.
Company Background
Established in 2003, Vibhor Steel Tubes Limited has evolved into a leading supplier of steel pipes and tubes. With a focus on quality and customer satisfaction, the company has established itself as a trusted name in the industry.
Reasons for IPO
The decision to launch an IPO stems from Vibhor Steel Tubes’ ambitious expansion plans and the need for additional capital to fuel its growth initiatives. By going public, the company aims to raise funds that will be utilized for expanding its manufacturing capabilities, investing in research and development, and strengthening its market presence.
Strengths & Risks
Vibhor Steel Tubes ipo GMP is today ₹120 per share, Indicates a positive 79.47% of listing gain.
Strengths
Risks
In conclusion, Vibhor Steel Tubes Limited exhibits several strengths that have contributed to its success in the steel pipes and tubes industry. However, it also faces various risks that require careful management and mitigation strategies to ensure continued growth and stability.
Market Analysis
The steel pipes and tubes industry is poised for significant growth, driven by increasing infrastructure development, urbanization, and industrialization. Vibhor Steel Tubes’ strategic focus on quality, innovation, and customer service positions it well to capitalize on emerging opportunities in the market.
Financial Performance
These figures demonstrate a consistent upward trend in revenue, total assets, and profit over the three-year period, indicating the company’s financial growth and stability.
Total Assets
- 2021: Rs. 173 Cr
- 2022: Rs. 249 Cr
- 2023: Rs. 294 Cr
Revenue
- 2021: Rs. 510 Cr
- 2022: Rs. 818 Cr
- 2023: Rs. 1,113 Cr
Profit
- 2021: Rs. 0.69 Cr
- 2022: Rs. 11.33 Cr
- 2023: Rs. 21.07 Cr
Application Details:
Eligible investors may submit a Regular application for the Vibhor Steel Tubes Limited ipo
Apply as Regular:
The price is ₹ 141–151. You can apply up to ₹2,00,000
Employee
The price is ₹ 141–151. You can apply up to ₹2,00,000
Apply as a high-net-worth individual:
The price is ₹ 141–151. You can apply between ₹2,00,000 – ₹5,00,000
