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Vibhor Steel IPO GMP

Cold rolled steel (CR) strips and coils, hollow steel pipe, mild steel/carbon steel ERW black and galvanized pipes are all produced and exported by the company. With more than 20 years of experience, it produces, ships, and distributes steel pipes and tubes to India’s heavy engineering sectors. Steel pipes and tubes in a variety of sizes and forms, including square, round, rectangular, elliptical, and any custom shape, are produced by Vibhor Steel Tubes.

According to the amended agreement dated April 1, 2023, Vibhor Steel Tubes produces and supplies the finished items for “Jindal Pipes Limited” under the brand name “Jindal Star.” The agreement covers orders with a minimum quantity of 1,00,000 MT annually to fill Vibhor Steel’s majority capacity. It is valid for six years.

The business operates two production sites. Unit I is utilized for both domestic and international sales and is situated in Raigad, Maharashtra. Unit II is situated in the Mahabubnagar District of Telangana, near to the Jadcherla industrial region, and approximately 70 kilometers from Hyderabad. The ease of raw material, power, and water supply is made possible by this proximity.

Vibhor Steel IPO Details

Signature Global IPO Details
Vibhor Steel IPO Dates
13 – 15 February 2024
Vibhor Steel Issue Price
INR 141 – 151 per share
Fresh issue
4,779,444 shares (INR 72.17 crore)
Offer For Sale
NIL
Total IPO Size
4,779,444 shares (INR 72.17 crore)
Minimum bid (size)
99 shares (INR 14,949)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
BSE, NSE

Vibhor Steel Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

H1 FY 24

Revenue

510.47

818.00

1,113.12

530.51

Expenses

507.35

803.12

1,086.15

519.89

Net income

0.69

11.33

21.07

8.52

Margin (%)

0.14

1.39

1.89

1.61

Figures in INR Crore unless specified otherwise

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