The Vibhor Steel Tubes Limited IPO is set to launch with a book-built issue worth ₹72.17 crore. Here are the key details:
Issue Dates: The IPO opens for subscription on February 13, 2024, and closes on February 15, 2024.
Price Band: The price band for the IPO is set at ₹141 to ₹151 per share.
Minimum Lot Size: Investors can bid for a minimum of 99 shares and in multiples thereof. The minimum investment amount required by retail investors is ₹14,949.
IPO Objective: The company proposes to utilize the net proceeds from the issue to fund working capital requirements and general corporate purposes.
IPO Reservation: In the Vibhor Steel Tubes IPO, up to 50% of the net offer is reserved for Qualified Institutional Buyers (QIB), 35% for Retail Investors, and 15% for Non-Institutional Investors (NII).
Total Issue Size: The IPO consists of fresh issue shares aggregating up to ₹72.17 crore.
Listing Date: Vibhor Steel Tubes IPO is expected to list on BSE and NSE on Tuesday, February 20, 2024.
Promoters: The promoters of the company include Mr. Vijay Kaushik, Mr. Vibhor Kaushik, Mrs. Vijay Laxmi Kaushik, and M/s. Vijay Kaushik HUF.
Founded in 2003, Vibhor Steel Tubes Limited manufactures, exports, and supplies steel pipes and tubes to various heavy engineering industries in India.
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