/ 99 Shares
13-Feb-2024 - 15-Feb-2024
₹ 141 - ₹ 151
₹ 14949.00
99
4,779,446
Face Value - ₹ 10/- Per Share
Listing at NSE BSE
16,793 Application Required in Retail for 1 Time.
Registrar : KFin Technologies Limited
Fresh Issue of Equity Shares aggregating upto Rs. 72.17 Cr
Category | % | Shares/Amount |
---|---|---|
QIB | 50% | 2,374,971 Shares Rs.35.86 Cr |
HNI 1 | 5% | 237,497 Shares Rs.3.59 Cr @ 171 Form 1X |
HNI 2 | 10% | 474,995 Shares Rs.7.17 Cr @ 343 Form 1X |
Retail | 35% | 1,662,480 Shares Rs. 25.10 Cr @ 16793 Form 1X |
Employee | 0% | 29,503 Shares Rs.0.45 Cr |
Khambatta Securities
Retail (Upto 2 Lakh) | HNI (2 Lakh to 10 Lakh) | HNI (Above 10 Lakh) |
---|---|---|
16793 Form 1X | 171 Form 1X | 343 Form 1X |
Category | Lots | Shares | Amount |
---|---|---|---|
Retail (Upto 2 Lakh) | 1 | 99 | ₹ 14,949 |
Retail (Upto 2 Lakh) | 13 | 1287 | ₹ 194,337 |
S-HNI (2 Lakh to 10 Lakh) | 14 | 1386 | ₹ 209,286 |
S-HNI (2 Lakh to 10 Lakh) | 66 | 6534 | ₹ 986,634 |
B-HNI (Above 10 Lakh) | 67 | 6633 | ₹ 1,001,583 |
15-Feb-2024 14:40
Category | Book Size | Subscription | No. of Times |
---|---|---|---|
QIB | 949,989 ₹ 14.34 Cr. | 103,619,835 ₹ 1564.66 Cr. | 109.07x |
HNI (<10 LAKH) | 237,497 ₹ 3.59 Cr. | 156,699,774 ₹ 2366.17 Cr. | 659.80x |
HNI2 (>10 LAKH) | 474,995 ₹ 7.17 Cr. | 286,645,491 ₹ 4328.35 Cr. | 603.47x |
RETAIL | 1,662,480 ₹ 25.10 Cr. | 286,089,507 ₹ 4319.95 Cr. | 172.09x |
EMP | 29,503 ₹ 0.45 Cr. | 5,222,745 ₹ 78.86 Cr. | 177.02x |
Total | 3,354,464 | 838,277,352 | 249.90x |
Category | Book Size | Subscription | No. of Times |
---|---|---|---|
QIB | 949,989 ₹ 14.34 Cr. | 103,619,835 ₹ 1564.66 Cr. | 109.07x |
HNI (<10 LAKH) | 237,497 ₹ 3.59 Cr. | 156,699,774 ₹ 2366.17 Cr. | 659.80x |
HNI2 (>10 LAKH) | 474,995 ₹ 7.17 Cr. | 286,645,491 ₹ 4328.35 Cr. | 603.47x |
RETAIL | 1,662,480 ₹ 25.10 Cr. | 286,089,507 ₹ 4319.95 Cr. | 172.09x |
EMP | 29,503 ₹ 0.45 Cr. | 5,222,745 ₹ 78.86 Cr. | 177.02x |
Total | 3,354,464 | 838,277,352 | 249.90x |
*Excluding Anchor
Total No. of Application Approx : ~2231069 (132.86 Appwise)
Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.
Vibhor Steel Tubes was incorporated as ‘‘Vibhor Steel Tubes Private Limited’ on April 16, 2003, and subsequently converted to public company, on June 14, 2023. Vibhor Steel Tubes Ltd is a 2-decade old manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. The company manufactures, exports and supplies steel pipes and tubes to various heavy engineering industries in India.
Vibhor Steel Tubes is working with Jindal Pipes Ltd since 2003 and manufacture & supply the finished goods for “Jindal Pipes Ltd”, under the brand name “Jindal Star”. The company has a long-term agreement for the 6 years with the Jindal. Under the agreement Jindal will provide orders with a minimum quantity of 1,00,000 MT per annum.
The company’s manufacturing units are strategically located. The Unit I is located at located Raigad, Maharashtra, suitable for export sales. Unit II is located 70 kms from Hyderabad close to Jadcherla industrial area. This proximity enables ease of logistics, power, water supply and raw materials.
The annualized installed capacity of the two manufacturing units is 221,000 MT. Further, the company is setting up a new facility i.e. Unit III at Orissa with a capacity of 120,000 MT, which will lead to an increase in capacity to 341,000 MT by Fiscal 2025.
The company follows international standard manufacturing practises, and the Manufacturing Facility benefits from the quality benchmarking certifications such as (i) ISO 9001:2015 for manufacturing & supply of ERW Steel Pipes and (ii) IS 1239:2004, IS 3601:2006, IS 3589:2001 from Bureau of Indian Standards.
The company’s Revenues from Operations have grown at CAGR of ~47.6% between Fiscal 21-23 to ? 1,113.12 cr and the EBITDA Margins have improved from 3.91% to 4.21% and PAT increased from ? 0.69 Cr to ? 21.07 Cr, during the same period. The company’s Net Debt has increased to ? 126.83 Cr in Fiscal 2023 vs. ? 58.74 Cr in Fiscal 2021. For 6 months ended September 30,2023 the company reported Revenues from Operations of ? 530.51 Cr, EBITDA Margins at 4.47% and PAT of ? 8.52 Cr, while the Net Debt stood at ? 160.27 Cr.
Competitive Strength
Association with Jindal Pipes;
Strategic location of manufacturing Units;
Experienced Promoters and senior management team;
International Accreditations;
Export of finished goods;
Well-developed distribution and marketing network;
Integrated manufacturing facility
Business Strategies
Mr. Vijay Kaushik is the Chairman and Director of the company. Mr. Vibhor Kaushik, is the Promoter and Managing Director of the Company. Ms. Vijay Laxmi Kaushik is a Whole Time Director of the Company. Ms. Pratima Sandhir is the Whole Time Director of the Company. Mr. Pankaj Kumar Rai is the Executive Director of the Company. Mr. Shiv Kumar Singhal is the Non-Executive Independent Director of the Company. Mr. Abhiram Tayal, is the Non-Executive Independent Director of the Company. Mr. San
Vibhor Steel Tubes Limited's revenue increased by 36.15% and profit after tax (PAT) rose by 85.91% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 376.48 | 293.63 | 248.54 | 172.93 |
Revenue | 531.24 | 1,114.38 | 818.48 | 511.51 |
Profit After Tax | 8.52 | 21.07 | 11.33 | 0.69 |
Net Worth | 101.76 | 93.20 | 71.97 | 60.49 |
Total Borrowing | 160.27 | 126.83 | 106.07 | 58.74 |
Amount in ? Crore |
The net proceeds of the Issue less the issue-related expenses (Net Proceeds) are proposed to be utilised in the following manner:
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