Vibhor Steel Tubes IPO: Check Subscription Status, GMP Today.
Unlisted shares of Vibhor Steel Tubes Ltd are buying and selling Rs 110 larger within the gray market, which is a 72.85 per cent itemizing acquire from the general public situation
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 5:37 pm on the second day of bidding on Wednesday, the IPO obtained 109.00 occasions subscription, garnering bids for 36,56,57,985 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 obtained 97.32 occasions subscription and the non-institutional quota bought 270.43 occasions subscription. The QIB class obtained 9.13 occasions 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 110 larger within the gray market as in contrast with its situation worth. The Rs 110 gray market premium or GMP means the gray market is anticipating a 72.85 per cent itemizing acquire from the general public situation. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty worth.
Vibhor Steel Tubes IPO Details
Vibhor Steel Tubes IPO is fully a contemporary situation. The worth band of the IPO was mounted at Rs 141-Rs 151 per share. The minimal lot dimension for an software is 99 shares. The minimal quantity of funding required by retail traders is Rs 14,949.
The minimal lot dimension 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 operating lead supervisor of the Vibhor Steel Tubes IPO, whereas Kfin Technologies Limited is the registrar for the difficulty.
(The story has been up to date with the newest subscription and GMP knowledge until 5:37 pm)
