Vibhor Steel Tubes IPO: Check Subscription Status, GMP Today.
Unlisted shares of Vibhor Steel Tubes Ltd are buying and selling Rs 123 greater within the gray market, which is a 81.46 per cent itemizing achieve from the general public challenge
Vibhor Steel Tubes IPO: The preliminary public providing of Vibhor Steel Tubes Ltd, which can be closed on Thursday, February 15, has acquired a blockbuster response from buyers. Till 4:09 pm on the ultimate day of bidding on Thursday, the IPO acquired 316.91 instances subscription, garnering bids for 1,06,30,74,573 shares as in opposition to 33,54,537 shares on provide.
The Rs 72.17-crore IPO was opened for public subscription on Tuesday, February 13.
The retail class has acquired 195.99 instances subscription and the non-institutional quota bought 771 instances subscription. The QIB class acquired 191.41 instances subscription.
The allotment of Vibhor Steel Tubes IPO will happen on February 16, whereas its itemizing will happen on each NSE and BSE on February 20, 2024.
Vibhor Steel Tubes IPO GMP Today
According to market observers, unlisted shares of Vibhor Steel Tubes Ltd are buying and selling Rs 123 greater within the gray market as in contrast with its challenge value. The Rs 123 gray market premium or GMP means the gray market is anticipating a 81.46 per cent itemizing achieve from the general public challenge. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem value.
Vibhor Steel Tubes IPO Details
Vibhor Steel Tubes IPO is completely a contemporary challenge. The value band of the IPO was mounted at Rs 141-Rs 151 per share. The minimal lot measurement for an utility is 99 shares. The minimal quantity of funding required by retail buyers is Rs 14,949.
The minimal lot measurement funding for small NII is 14 tons (1,386 shares), amounting to Rs 209,286, and for giant NII, it’s 67 tons (6,633 shares), amounting to Rs 1,001,583.
Khambatta Securities Limited is the guide-working lead supervisor of the Vibhor Steel Tubes IPO, whereas Kfin Technologies Limited is the registrar for the problem.
(The story has been up to date with the newest subscription and GMP information until 4:09 pm)
