Vibhor Steel Tubes Ltd. IPO

Vibhor Steel Tubes Limited, a 20-year steel pipe and tube manufacturer, is a rising star in India's heavy engineering sector. They supply both domestically and export a wide range of pipes and tubes for diverse uses, from bicycle frames to structural components. Their partnership with Jindal Pipes Limited ensures a large-scale, long-term contract, and their in-house quality team of 627 ensures international standard compliance. Led by three first-generation entrepreneurs with decades of experience, Vibhor Steel Tubes is shaping the future of steel pipe manufacturing in India.

RHP
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DRHP
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Open Date

2024-02-13

Close Date

2024-02-15

IPO Details

Check out the issue details for Vibhor Steel Tubes Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 151

Price Band

₹ 141 - 151

Issue Size

72.17 Cr.

Issue Type

Book Built

Open

2024-02-13

Close

2024-02-15

Listingprice

₹ 425

ListingGain

181.46%

Listing Date

2024-02-20

CMP

₹ 293.75

Current Return

94.54%

Company Financials

You can get the following financial statements of Vibhor Steel Tubes Ltd. as of now.

Subscription Details

The details about the Vibhor Steel Tubes Limited IPO is as:

  • The issue size of Vibhor Steel Tubes Limited IPO is 71.17 Cr.
  • The price band for Vibhor Steel Tubes Limited IPO is Rs 141 to Rs 151.
  • The shares of Vibhor Steel Tubes Limited IPO will list on 20th February 2024.
  • The latest tentative GMP of Vibhor Steel Tubes Limited IPO is Rs 120.
  • The shares of Vibhor Steel Tubes Limited IPO is subscribed 320.05 Times as of 15th February 2024.

 

Vibhor Steel Tubes Limited IPO Valuation

The approx valuation of Vibhor Steel Tubes Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 151
Existing Shares (Qty) 1.41 Cr
Fresh Issue 72.17 Cr
Market Cap 285.08 Cr
EPS (FY23) Rs 14.85
PE Ratio 10.16x
Industry PE 45.39x

 

Vibhor Steel Tubes Limited IPO Issue Size

Vibhor Steel Tubes Limited IPO issue size is 72.17 Cr

Issue Amount
Fresh Issue 72.17 Cr
Offer For Sale 0 Cr

 

Vibhor Steel Tubes Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 99 shares and a maximum of 13 lots of 1287 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 99 14,949
 Maximum 13 1287 1,94,337

 

Vibhor Steel Tubes Limited IPO share offer

The shares of Vibhor Steel Tubes Limited IPO is subscribed 320.05 Times as of 15th February 2024. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 191.41 Times
Non-Institutional Minimum 15% 772.49 Times
Retail Individual Minimum 35% 201.52 Times
Employee 29,502 Shares 215.79 Times
Total   320.05 Times

Allotment Details

Find below the dates for Vibhor Steel Tubes Limited IPO:

Schedule Date
Basis of Allotment 16 February 2024
Refunds 19 February 2024
Credit to Demat Account 19 February 2024
IPO Listing Date 20 February 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Net Sales 510.47 818 1113.12
Total Expenditure 491.59 788.62 1067.53
Operating Profit 18.87 29.38 45.59
Other Income 1.04 0.8 1.26
Interest 9.17 8.7 12.26
Depreciation 6.58 6.12 6.37
Exceptional Items 0 0 0
Profit Before Tax 4.16 15.36 28.22
Provision for Tax 3.47 4.03 7.16
Net Profit 0.69 11.33 21.07
Adjusted EPS (Rs.) 0.05 0.8 1.49

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 14.18 14.18 14.18
Total Reserves 46.31 57.79 79.01
Borrowings 7.57 14.24 13.51
Other N/C liabilities 2.57 2.48 2.47
Current liabilities 102.31 159.84 184.45
Total Liabilities 172.93 248.54 293.63
Assets
Net Block 52.03 49.86 54.33
Capital WIP 0 0 0
Intangible WIP 0 0 0
Investments 0 0 0
Loans & Advances 1 1.93 7.84
Other N/C Assets 0 0 0
Current Assets 119.9 196.75 231.46
Total Assets 172.93 248.54 293.63
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 0.25
Profit Before Tax 6.2
Tax 1.89
Profit After Tax 4.31
Adjusted EPS (Rs) 3.04

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 73.48 0
Dec 2023 73.48 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Profit from operations 4.16 15.36 28.22
Adjustment 15.79 14.26 17.7
Changes in Assets & Liabilities 28.31 -62.62 -34.7
Tax Paid -2.84 -1.55 -4.2
Operating Cash Flow 45.42 -34.55 7.03
Investing Cash Flow -0.89 -4.07 -15.53
Financing Cash Flow -36.49 44.14 13.07
Net Cash Flow 8.04 5.51 4.57
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