IPO Details
Bidding Dates
13 Feb 24 - 15 Feb 24
Price Range ₹
141 - 151
Total Equity
₹ 72.17Cr
Lot Size
99
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
188.17×
Qualified Institutional Buyers
178.73×
Employees
201.48×
Retail Investors
188.17×
Total subscription Rate
298.86×
IPO Timeline
Offer start
13 Feb 2024
Offer end
15 Feb 2024
Allotment
16 Feb 2024
Refund initiation
19 Feb 2024
Demat transfer
19 Feb 2024
Listing
20 Feb 2024
Offer start
13 Feb 2024
Offer end
15 Feb 2024
Allotment
16 Feb 2024
Refund initiation
19 Feb 2024
Demat transfer
19 Feb 2024
Listing
20 Feb 2024
About Company
Founded in 2003, Vibhor Steel Tubes Limited is a manufacturer, exporter, and supplier of steel pipes and tubes to various heavy engineering industries in India. Their product portfolio includes ERW pipes for water transport, oil, gas, and other non-toxic supplies, hot-dipped galvanized pipes for agriculture and infrastructure, hollow section pipes in square and rectangular forms, primer painted pipes, and crash barriers for railways, highways, and roads. The company operates two manufacturing facilities in Raigad, Maharashtra, and Mahabubnagar (Dist.), Telangana, along with a warehouse in Hisar, Haryana. As of January 24, 2024, the company employs a total of 640 permanent employees.
Year Founded
16-04-2003
Promotor Details
Vijay Kaushik
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 98.24 | 73.48 |
| Share Capital | 13933000 | 13933000 |
Offer to Public
47,79,443.00 Cr
Project Details
- Funding working capital requirements of our Company - 620cr
- General Corporate Purpose - 33.72cr
Objectives
- i. Funding of working capital requirements of our Company.ii. General corporate purposes.
Highlights
- The company offers a wide range of steel pipes and tubes catering to various industries, allowing it to diversify its revenue streams and mitigate risks associated with dependence on specific market segments.
- Operating two manufacturing facilities in strategic locations enables the company to optimize production capacity, meet growing demand, and ensure timely delivery to customers across different regions.
- The presence of a warehouse in Hisar, Haryana, alongside manufacturing facilities in Maharashtra and Telangana, enhances the company's geographical reach and distribution capabilities, facilitating efficient supply chain management.
- With over two decades of operation, Vibhor Steel Tubes Limited has built a strong reputation and established relationships with heavy engineering industries in India, enhancing its market credibility and potential for sustained growth.
- With a workforce of 640 permanent employees as of January 24, 2024, Vibhor Steel Tubes Limited benefits from a skilled and dedicated workforce capable of supporting its manufacturing operations and driving innovation.
Challenges
- The company's performance may be affected by fluctuations in the economy, particularly in sectors heavily reliant on infrastructure development and industrial activity, impacting demand for steel pipes and tubes.
- Vibhor Steel Tubes Limited faces competition from both domestic and international manufacturers of steel pipes and tubes, which may exert pressure on pricing and market share.
- Fluctuations in the prices of raw materials, such as steel, can impact the company's production costs and profitability, especially if it cannot pass on these cost increases to customers.
- Compliance with regulatory requirements, including environmental regulations, quality standards, and safety protocols, imposes additional costs and administrative burdens on the company's operations.
- Disruptions in the supply chain, such as delays in raw material procurement or transportation issues, could lead to production delays, affecting customer satisfaction and revenue generation.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 38,319.47 | 1,896.24 | 2,106.62 | 2,106.62 | 14.8531 |
| 2021 | 17,293.36 | 1,418.30 | 2,106.62 | 2,106.62 | 14.8531 |
| 2022 | 24,853.56 | 1,418.30 | 68.83 | 68.83 | 0.4853 |
| 2023 | 29,363.00 | 1,418.30 | 1,133.11 | 1,133.11 | 7.9892 |
