Vibhor Steel Tubes IPO Listing: Here's all you need to know ahead of listing

Vibhor Steel Tubes IPO Listing Date, Vibhor Steel Tubes Share Price: The shares of Vibhor Steel Tube are set to make a debut on Dalal Street on Tuesday i.e. Friday 20. The initial share sale of the steel pipes manufacturer got an overwhelming response from investors as it got subscribed nearly 300 times on the final day. The company's shares will be listed on the National Stock Exchange (NSE) and BSE.

Ahead of the listing, here's all you need to know.

Vibhor Steel Tubes IPO Listing Date: IPO received bids for 1,07,36,25,993 

The initial public offering received bids for 1,07,36,25,993 shares against 35,92,445 shares on offer. It garnered a 298.86 times subscription, driven by overwhelming participation from institutional investors.

The portion for non-institutional investors got subscribed by a whopping 721.34 times.

The quota for retail individual investors (RIIs) received 188.17 times the subscription. 

The category for qualified institutional buyers (QIBs) attracted bids 178.73 times.

Vibhor Steel Tubes IPO Listing: Raised 22 crore from anchor investors

Ahead of the listing, Vibhor Steel Tubes collected nearly Rs 22 crore from anchor investors.

The price band of the IPO is Rs 141-151 per share.

Vibhor Steel Tubes IPO Listing Date: What does the company do?

The Haryana-based Vibhor Steel Tubes's initial public offering (IPO) comprises a fresh issue of equity shares with a face value of Rs 10 each, aggregating to an issue size of up to Rs 72.17 crore through the book-building route.

Founded in 2003, Vibhor Steel Tubes is a manufacturer of high-quality steel tubes and pipes that are used in various heavy engineering industries in India.

Vibhor Steel Tubes IPO Listing Date: Kfin Technologies is the registrar

Khambatta Securities is the sole book-running lead manager, and Kfin Technologies is the registrar to the IPO.

Proceeds from the issue will be utilised for working capital requirements and general corporate purposes.