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.
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.
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%. Over the past three years, the company’s financials showed growth, with revenue and profit increasing annually.
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.
The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions.