iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Vibhor Steel Tubes IPO Witnesses Strong Demand Day 1; Subscription Soars

13 Feb 2024 , 12:02 PM

Vibhor Steel Tubes Limited, a leading manufacturer of pipes and steel tubes, has launched its highly anticipated initial public offering (IPO) today, which will remain open for subscription until February 15. Interested investors can seize this opportunity by subscribing to the IPO here.

In a remarkable turn of events, the IPO witnessed overwhelming demand, with subscription figures soaring within the first two hours of opening. The retail portion of the IPO has been particularly popular, garnering a subscription rate of 11.20 times, while non-institutional investors displayed strong interest with a subscription rate of 8.53 times.

Furthermore, the company’s employees have also shown significant enthusiasm, subscribing to the reserved portion of the IPO at a remarkable rate of 11.95 times.

Vibhor Steel Tubes has set the IPO price band at ₹141 to ₹151 per equity share, aiming to raise a substantial ₹72.17 crore through the issuance of fresh shares. The book build issue is poised for listing on both the BSE and NSE, offering investors diverse opportunities for participation.

Related Tags

  • Vibhor Steel Tubes IPO
  • Vibhor Steel Tubes IPO apply
  • Vibhor Steel Tubes IPO dates
  • Vibhor Steel Tubes IPO details
  • Vibhor Steel Tubes IPO gmp
  • Vibhor Steel Tubes IPO live subscription
  • Vibhor Steel Tubes IPO subscribe
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.