Vibhor Steel Tubes IPO: Check Allotment Status, GMP Today.
Unlisted shares of Vibhor Steel Tubes Ltd are buying and selling Rs 130 increased within the gray market, which is a 86.09 per cent itemizing acquire from the general public problem
The share allotment of the Vibhor Steel Tubes IPO, which was open for public subscription between February 13 and February 15, goes to be finalised within the late night at the moment, Friday, February 16. Investors will obtain financial institution debit messages as soon as the allotment is finalised. The share itemizing will then happen on each NSE and BSE on February 20.
The Vibhor Steel Tubes IPO was subscribed almost 300 occasions on the ultimate day on Thursday, pushed by overwhelming participation from institutional traders. The IPO obtained bids for 1,07,36,25,993 shares towards 35,92,445 shares on provide, garnering a 298.86 occasions subscription.
The portion for non-institutional traders received subscribed by a whopping 721.34 occasions, whereas the quota for retail particular person traders (RIIs) obtained 188.17 occasions subscription. The class for certified institutional patrons (QIBs) attracted bids 178.73 occasions.
Vibhor Steel Tubes IPO: How To Check Allotment Status
Once the IPO allotment is finalised, the standing will be checked by following these steps:
1) Go to the official BSE web site through the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, choose ‘Equity’.
3) Under ‘Issue Name’, choose ‘Vibhor Steel Tubes Limited’ within the dropbox.
4) Enter your utility quantity, or the Permanent Account Number (PAN).
Your share utility standing will seem in your display screen.
You can even go to direct KFin Tech portal — https://rti.kfintech.com/ipostatus/ and test Vibhor Steel Tubes IPO allotment standing.
Vibhor Steel Tubes IPO GMP Today
According to market observers, unlisted shares of Vibhor Steel Tubes Ltd are buying and selling Rs 130 increased within the gray market as in contrast with its problem worth. The Rs 130 gray market premium or GMP means the gray market is anticipating a 86.09 per cent itemizing acquire from the general public problem. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty worth.
Vibhor Steel Tubes IPO Details
The Haryana-based Vibhor Steel Tubes’s preliminary public providing (IPO) includes a recent problem of fairness shares with a face worth of Rs 10 every, aggregating to a problem dimension of as much as Rs 72.17 crore via the e-book-constructing route.
The worth band was mounted at Rs 141-151 per share.
Proceeds from the difficulty will likely be utilised for working capital necessities and normal company functions. Founded in 2003, Vibhor Steel Tubes is a producer of excessive-high quality metal tubes and pipes which can be utilized in varied heavy engineering industries in India.
Khambatta Securities is the only e-book-working lead supervisor, and Kfin Technologies is the registrar to the IPO. The firm’s shares will likely be listed on the National Stock Exchange (NSE) and BSE.
