Vibhor Steel Tubes IPO
Established in 2003, Vibhor Steel Tubes Limited is a prominent manufacturer, exporter, and supplier of steel pipes and tubes catering to various heavy engineering industries in India. Product Portfolio:
ERW Pipes: Designed for applications in water transport, oil, gas, and other non-toxic supplies.
Hot-Dipped Galvanized Pipes: Specifically for use in agriculture and infrastructure.
Hollow Section Pipes: Available in square and rectangular forms.
Primer Painted Pipes: A specialized range of pipes.
Manufacturing Facilities and Warehouse: The company operates two manufacturing facilities in Raigad, Maharashtra, and Mahabubnagar (Dist.), Telangana. Additionally, there is a warehouse located in Hisar, Haryana. Objectives of the IPO: The funds raised through the Initial Public Offering (IPO) will be allocated for the following purposes:
Working Capital: To fund the working capital requirements of the company.
General Corporate Purposes: Utilized for overall corporate needs.
Vibhor Steel Tubes IPO Details:
Dates: February 13 to 15, 2024
Price Band: ₹141 to ₹151 per share
Lot Size: 99 Shares
Total Size: ₹72.17 Crores
Retail Quota: 35%
Grey Market Premium (GMP): +70% (Provided for informational purposes only)
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