Vibhor Steel Tubes Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Vibhor Steel

CMP

341.60

+9.00 (2.71%)

  • DRHP
₹151

Offer Price

₹ 72.17 Cr

Issue Size

₹ 14,949

Min Investment

298.86x

Times Subscribed

99

Lot size

Time Line

  • 13
    Feb 2024
    Open
  • 15
    Feb 2024
    Close
  • 16
    Feb 2024
    Finalisation of Basis of Allotment
  • 19
    Feb 2024
    Initiation of Refunds
  • 19
    Feb 2024
    Transfer of Shares to Demat Account
  • 20
    Feb 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Risks

  • The average price/earnings ("P/E") ratio of the listed industry peer set was x as on while its P/E ratio will be at premium of times at the higher price band and times at the lower price band. The trading price of its Equity Shares may fluctuate based on a comparison of the P/E ratio of the listed industry peer set and the Company.

  • The Company has reported certain negative cash flows from its financing activity and investing activity, details of which are given below. Sustained negative cash flow could impact its growth and business.

  • The Company, its Promoters/Director and its Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • Covid-19 or the outbreak of any other severe communicable disease could have a potential impact on its business, financial condition and results of operations.

  • The Company has entered into long-term agreements with Jindal Pipes Limited purchasing its Products.

Company Promoters

Promoters Holding

Issue For IPO
93.39%
Pre Holding

93.39%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 516.63 (-) 818.00 (58.30%) 1,113.12 (36.10%)
Gross Profit 516.63 (-) 818.00 (58.30%) 1,113.12 (36.10%)
Net Income 516.63 (-) 818.00 (58.30%) 1,113.12 (36.10%)
Assets 516.63 (-) 818.00 (58.30%) 1,113.12 (36.10%)
Liabilities 516.63 (-) 818.00 (58.30%) 1,113.12 (36.10%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
APL Apollo Tubes Ltd 16,165.95 641.86 5,851.63 5,851.63 21.35 23.14 108.37 10.96 0.29
Hi-Tech Pipes Ltd 2,385.85 37.68 915.52 915.52 9.01 3.06 32.71 4.11 0.56
Goodluck India Ltd 3,072.01 87.80 1,470.98 1,470.98 14.65 33.31 219.88 5.96 1.00
Rama Steel Tubes Ltd 1,336.75 26.67 694.91 694.91 10.66 1.16 5.66 3.83 0.77

Book Running Managers

  • Khambatta Securities Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

Plot No.2 Industrial Develop.,
Colony Delhi Road,
Hisar - 125005
Phone : +91 70303 22880 Email : cs@vstlindia.com www.vstlindia.com

Offer Related Information

Initial public offer of up to 47,79,443* equity shares of face value of Rs. 10 each ("Equity Shares") of Vibhor Steel Tubes Limited ("Company") for cash at a price of Rs. 151 per equity share (including a premium of Rs. 141 per equity share) ("Offer Price") aggregating up to Rs. 72.17 crores through an fresh issue of equity shares. This offer includes a reservation of up to 29,503 equity shares (constituting up to 0.16% of the post-issue paid-up equity share capital of the company)... More

News

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