Upcoming IPO - Vibhor Steel Tubes Limited

About Company’s Business:

Vibhor Steel Tubes Limited, a two-decade-old enterprise, stands out as a prominent manufacturer and exporter of Mild Steel/Carbon Steel pipes and tubes. Their diverse product range, catering to various engineering applications, is available in different shapes and sizes. With an in-house quality team, the company guarantees adherence to international standards in both raw materials and end products. The individual promoters, Mr. Vijay Kaushik, Mr. Vibhor Kaushik, and Mrs. Vijay Laxmi Kaushik, bring three decades of expertise to the industry, covering marketing, procurement, finance, accounting, and customer relationship management.

About the Industry:

Globally recognized, India stands as one of the leading manufacturers of steel pipes, a crucial subindustry within its robust steel sector. Key consumers of steel pipes and tubes include the construction, railways, oil & gas, agriculture, and real estate sectors. As the world’s second-largest steel producer, India boasts an installed capacity of 154.1 MT in FY22, coupled with being the second-largest consumer of finished steel, totaling 120 MT in FY23. The industry’s growth is attributed to abundant domestic raw materials like iron ore and cost-effective labor. Domestic steel demand from construction, real estate, and automobiles, along with favorable export-import capabilities due to the vast coastline, positions India prominently in the global steel industry.

Key Financial Information (₹ in lakhs):

Particulars September 30, 2023 FY 2023 FY 2022 FY 2021
Equity Share Capital 1,418.30 1,418.30 1,418.30 1,418.30
Net Worth 10,175.54 9,319.79 7,197.29 6,048.99
Revenue from operations 53,051.01 1,11,311.90 81,799.60 51,046.68
Profit/ (loss) after tax 852.13 2,106.62 1,133.11 68.83
EPS (in Rs.)
- Basic 6.01 14.85 7.99 0.49
- Diluted 6.01 14.85 7.99 0.49
Net asset value per share 71.74 65.71 50.74 42.64
Total Borrowing 16,026.63 12,682.52 10,606.57 5,874.40

Objective of the Issue:

  1. Funding of Working Capital requirements

  2. General corporate purposes.

For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.

Important information regarding the IPO
Open Date Tuesday, February 13, 2024
Close Date Thursday, February 15, 2024
Issue Size ₹72.17 Crores
Price ₹141 to ₹151 per share
Lot Size 99 Shares
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

How to apply for this IPO?

You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.

Quick Apply for the IPO here!

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