Incorporated in 2003, Vibhor Steel Tubes Limited is a manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, and Cold rolled Steel (CR) Strips/ Coils. In addition, the company is also involved in the manufacturing and supply of finished goods for “Jindal Pipes Limited” under the brand Jindal Star.
The company has two manufacturing plants located in Maharashtra and Telangana. In addition, it has one warehouse situated in Hisar, Haryana.
Steel plays a crucial role in various sectors such as construction, railways, oil & gas, and agriculture. India acts as an established player in steel pipes globally. The production of steel tubes and pipes witnessed a CAGR of ~10% during FY19-FY23. The company is optimistic that the growth momentum of the steel pipes and tubes will likely continue in the medium term on the back of rising demand from key end-user industries, including oil & gas, infrastructure, real estate, etc.
Vibhor Steel Tubes Limited IPO Details
Vibhor Steel Tubes Limited IPO Date
Retail investors can bid for the Vibhor Steel Tubes Limited IPO. The issue will be open from February 13, 2024, and will close on February 15, 2024.
Vibhor Steel Tubes Limited IPO Price Band
Vibhor Steel Tubes Limited is a fresh issue of ₹72.17 crore. It is a book-building issue. The price range of the IPO has been set at ₹141 to ₹151 per share.
Vibhor Steel Tubes Limited IPO Lot Size
The lot size of the IPO is 99 shares, and the minimum investment of Vibhor Steel Tubes Limited's IPO will be ₹14,949.
Vibhor Steel Tubes Limited IPO Objectives
The objectives of the offer are listed below:
- Funding of working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, Vibhor Steel Tubes Limited has 4 listed peers.
- APL Apollo Tubes Limited.
- Hi-Tech Pipes Limited.
- Goodluck India Limited.
- Rama Steel Tubes Limited.
How To Check the Allotment Status of the Vibhor Steel Tubes Limited IPO?
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- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
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Contact Details of Vibhor Steel Tubes Limited
Registered office: Plot No. 2, Industrial Development Colony, Delhi Road, Hisar, Haryana-125005, India.
Phone: +91 7030322880
E-mail: cs@vstlindia.com
IPO Financials
| Particulars | Period Ended on September 30, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Total Income | 53,124.24 | 1,11,437.82 | 81,848.07 |
| Profit After Tax (PAT) | 852.13 | 2,106.62 | 1,133.11 |
| Total Assets | 37,648.43 | 29,363.00 | 24,853.56 |
| Total Borrowings | 18,667.52 | 15,237.76 | 12,705.13 |
Know before investing
Strengths
2The company is associated with Jindal Pipes Limited (JPL). It sells all its finished products under the brand name “Jindal Star” to JPL and its approved customers based on monthly card rates.
The company has successfully exported finished goods to around 10 countries across the globe. In addition, it is seeking to continue its strategy of diversifying and expanding its presence in these regions for the growth of its business.
Risks
2The company is exposed to risk arising from the increase in input cost, which can impact the business's profitability.
The company operates in an industry which is filled with intense competition from organised and unorganised players. This can impact the result of operations.
