Vibhor Steel Tubes Shares: Vibhor Steel Tubes Share Price NSE BSE India
Vibhor Steel Tubes Shares had a really good start on the stock market today. Its share price was much higher than expected. On the NSE, each share started at ₹425, which is way higher than the starting price of ₹151. On the BSE, it started at ₹421, also much higher than expected. Experts thought it would start around ₹260 to ₹280 per share.
Vibhor Steel Tubes Shares Highlights
Before the company officially started selling its shares on the stock market, they were being traded at a much higher price in a place called the grey market. This market isn’t official, but it’s where shares are bought and sold before they’re available to everyone. Many investors watch this market closely to guess how much the shares might sell for when they become available to everyone.
The IPO got a great reaction, and the GMP keeps going up. Right now, it’s at a big Rs 140 more than the price it was offered at, which was Rs 151.
Vibhor Steel Tubes IPO Detail
The Vibhor Steel Tubes IPO was available to invest in from February 13 to February 15, 2024. Each share was cost between ₹141 to ₹151. To apply for shares, you needed at least 99 shares, which means you have to invest a minimum of ₹14,949. If you were a small retail investor, you have to invest at least ₹14,949. For larger investors, the minimum investment was 14 lots (1,386 shares) for sNII, which amounts to ₹209,286, and 67 lots (6,633 shares) for bNII, which amounts to ₹1,001,583. Investors could bid for a minimum of 99 shares and in multiples thereof.
The Vibhor Steel Tubes IPO was available for trading on both the BSE and NSE. It’s expected to start trading on Tuesday, February 20, 2024.The results of who gets shares in the Vibhor Steel Tubes IPO has decided by Friday, February 16, 2024.
Financial Performance Vibhor Steel Tubes
Over the past three years, the company’s financials showed growth, with revenue and profit increasing annually. However, there’s uncertainty about the accuracy of post-IPO book value data. Currently, the P/E ratio suggests the stock is fairly priced. Profit margins have been improving steadily, indicating Limited made 36healthy performance. Between March 31, 2023, and March 31, 2022, Vibhor Steel Tubes.15% more money and saw its profit after tax (PAT) go up by 85.91%.
What is the History of Vibhor Steel Tubes Limited
Established in 2003, Vibhor Steel Tubes Limited makes and sells steel pipes and tubes to big engineering industries in India. Their products include: Pipes for carrying water, oil, gas, and other safe liquids. Pipes coated in hot-dip galvanizing for farming and building. Hollow section pipes shaped like squares and rectangles. Pipes with a primer coat. Barriers to prevent crashes on railways, highways, and roads. The company has factories in Raigad, Maharashtra and Mahbubnagar, Telangana. They also have a storage place in Hisar, Haryana. As of January 24, 2024, the company had 640 permanent workers.
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