Vibhor Steel Tubes IPO: Check Subscription Status, GMP Today.
Unlisted shares of Vibhor Steel Tubes Ltd are buying and selling Rs 120 larger within the gray market, which is 79.47 per cent itemizing acquire from the general public concern
Vibhor Steel Tubes IPO: The preliminary public providing of Vibhor Steel Tubes Ltd, which was opened for public subscription on Tuesday, February 13, is receiving a good response from traders. Till 10:11 am on the second day of bidding on Wednesday, the IPO acquired 35.39 instances subscription, garnering bids for 11,87,04,762 shares as towards 33,54,537 shares on supply.
The Rs 72.17-crore IPO was closed on Thursday, February 15.
The retail class has acquired 41.20 instances subscription and the non-institutional quota obtained 63.97 instances subscription. The QIB class acquired 3.84 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 120 larger within the gray market as in contrast with its concern value. The Rs 120 gray market premium or GMP means the gray market is anticipating a 79.47 per cent itemizing acquire from the general public concern. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty value.
Vibhor Steel Tubes IPO Details
Vibhor Steel Tubes IPO is completely a recent concern. The value band of the IPO was fastened 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 traders is Rs 14,949.
The minimal lot measurement funding for small NII is 14 heaps (1,386 shares), amounting to Rs 209,286, and for large NII, it’s 67 heaps (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 difficulty.
