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TCS, HDFCBANK, SBI Liquid Fund (G)
Vibhor Steel Tubes Ltd.

VSTL

Equity

NSE,BSE

Min. Investment

1,41,000.00

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IPO Details

Bidding Dates

13 Feb 24 - 15 Feb 24

Price Range ₹

141 - 151

Total Equity

72.17Cr

Lot Size

99

Exchange Status

NSE,BSE

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

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

ParticularPre-IPOPost-IPO
Percentage98.2473.48
Share Capital1393300013933000

Offer to Public

47,79,443.00 Cr

Project Details

  • General Corporate Purpose - 33.72cr
  • Funding working capital requirements of our Company - 620cr

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

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202329,363.001,418.301,133.111,133.117.9892
202438,319.471,896.242,106.622,106.6214.8531
202117,293.361,418.302,106.622,106.6214.8531
202224,853.561,418.302,106.622,106.6214.8531
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