Vibhor Steel IPO: Check dates, price band, issue size and other details

The initial public offer (IPO) of Vibhor Steel will open for subscription on February 13 and close on February 15. The IPO, which is priced at Rs 141-151 per share, is completely a fresh equity issue worth Rs 72 crore.

About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.

Vibhor Steel Tubes is a manufacturer and exporter of mild steel ERW black and galvanized pipes, hollow steel pipe, cold rolled steel (CR) strips. The company has been in business for over 2 decades.


Steel pipes and tubes can be used for many purposes such as steel pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc.

It has a very wide range of steel pipes and tube products. The lengths of the steel pipes and tubes in different ranges unless otherwise specified by the customers.

The company has an in-house quality team comprising 640 personnel working under the overall supervision of our board of directors. The quality control team ensures that the raw materials as well as end products are tested on all quality parameters to ensure that we are compliant with the international product standards.

Net proceeds from the public offer are proposed to be utilised for funding of working capital requirements and general corporate purposes.

In FY23, the company's revenue from operations increased 36% year-on-year to Rs 1,113 crore and net profit nearly doubled to Rs 21.06 crore. For the six months ended September 2023, revenues stood at Rs 530 crore and profit was at Rs 8.52 crore.

Khambatta Securities is acting as the book-running lead manager and Kfin Technologies is the registrar for the IPO.