For Instant Free Demat Account Call : +91 9559411441
Email : info@smartmoneygrow.com
For Instant Free Demat Account Call : +91 9559411441
Email : info@smartmoneygrow.com
In the dynamic world of finance, staying informed about upcoming Initial Public Offerings (IPOs) is crucial for investors seeking opportunities for potential growth. One such opportunity on the horizon is the Vibhor Steel Tubes IPO, set to open for subscription from February 13 to February 15, 2024.
Overview of Vibhor Steel Tubes IPO
The IPO is a book-built issue of Rs 72.17 crores.
It comprises entirely of a fresh issue.
Price band: ₹141 to ₹151 per share.
Minimum lot size: 99 shares.
Timeline:
IPO opens on February 13, 2024, and closes on February 15, 2024.
Allotment expected to be finalized on February 16, 2024.
Financials:
The company, Vibhor Steel Tubes Limited, has shown positive financial indicators.
Notable growth in revenue and profit after tax between March 2022 and March 2023.
Founded in 2003, Vibhor Steel Tubes Limited specializes in manufacturing, exporting, and supplying steel pipes and tubes to various heavy engineering industries in India. The company’s diverse product portfolio includes ERW pipes, hot-dipped galvanized pipes, hollow section pipes, primer painted pipes, and crash barriers.
Manufacturing Facilities:
The company operates two manufacturing facilities in Raigad, Maharashtra, and Mahabubnagar, Telangana.
Additionally, there is a warehouse in Hisar, Haryana.
| Financials (in ₹ Crore) | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 376.48 | 293.63 | 248.54 | 172.93 |
| Revenue | 531.24 | 1,114.38 | 818.48 | 511.51 |
| Profit After Tax | 8.52 | 21.07 | 11.33 | 0.69 |
| Net Worth | 101.76 | 93.20 | 71.97 | 60.49 |
| Total Borrowing | 160.27 | 126.83 | 106.07 | 58.74 |
smartmoneygrow.com © 2020 | All Rights Reserved
