Vibhor Steel Tubes Limited IPO
Vibhor Steel Tubes Limited IPO
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The Initial Public Offering of Vibhor Steel Tubes Limited's culminated in its successful listing on 20-02-2024 at the NSE, BSE trading platform. The company secured 47,79,444 Shares through this capital market exercise, with 47,79,444 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹141 to ₹151, with minimum investment requirements of 99 shares. The subscription period from 13-02-2024 to 15-02-2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 16-02-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Vibhor Steel IPO About Company
Vibhor Steel Tubes Limited is a major Indian manufacturer, exporter, and supplier of steel pipes and tubes used in heavy engineering industries, offering products such as ERW pipes for water, oil, and gas supply, hot-dipped galvanized pipes for agriculture and infrastructure, hollow section pipes in square and rectangular shapes, primer-painted pipes for industrial use, and crash barriers for railways, highways, and roads. The company operates two manufacturing units in Raigad, Maharashtra and Mahabubnagar, Telangana, along with a warehouse in Hisar, Haryana, and as of September 28, 2023, it had a workforce of 636 employees, including factory staff.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Vibhor Steel IPO Strength Factors
- Strategic manufacturing locations : Well-placed production units streamline logistics and improve overall operational efficiency.
- Reputed industry partnership : A strong association with Jindal Pipes Limited enhances the company’s credibility and market standing.
- Global-standard manufacturing : Compliance with international standards and global certifications ensures consistent, high-quality products.
- Experienced leadership team : Skilled promoters and senior management support effective decision-making and smooth operations.
Vibhor Steel IPO Risk Factors
- High investment requirement : The business demands substantial capital, which can create pressure on financial resources.
- Large current assets tied up : A major portion of assets is locked in trade receivables and inventories, requiring strict monitoring and efficient management.
- Recent operational losses : Ongoing financial losses point to underlying challenges that need timely resolution.
- Negative cash flow impact : Cash flow deficits can affect financial stability and daily operations.
Vibhor Steel IPO Lead Manager(s)
- Khambatta Securities Limited
Vibhor Steel IPO Promoter(s)
- Mr. Vijay Kaushik
- Mr. Vibhor Kaushik
- Mrs. Vijay Laxmi Kaushik
- M/s. Vijay Kaushik HUF
Vibhor Steel IPO FAQs
Vibhor Steel Tubes Limited IPO subscribed 320.05 times. The public issue subscribed 201.52 times in the retail category,191.41times in QIB, and 754.37 times in the HNI (10+) category byNovember 20, 2025 9:00:29 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Vibhor Steel IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Vibhor Steel IPO FAQs
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