Vibhor Steel Tubes IPO Listing Tomorrow: Check GMP Today.
Unlisted shares of Vibhor Steel Tubes Ltd are buying and selling Rs 140 greater within the gray market, which is a 92.72 per cent itemizing acquire from the general public concern
Vibhor Steel Tubes IPO: The shares of Vibhor Steel Tubes Ltd are going to be listed on the BSE and the NSE on Tuesday, February 20. The IPO was open for public subscription between February 13 and February 15. The IPO allotment befell on February 16. Know what its present gray market premium signifies immediately, Monday, about its itemizing positive aspects tomorrow.
The Vibhor Steel Tubes IPO obtained over 320 occasions subscription on the ultimate day on February 15, pushed by overwhelming participation from institutional buyers. The IPO obtained bids for 1,07,36,23,617 shares in opposition to 3,354,537 shares on supply, garnering a 320.05 occasions subscription.
The portion for non-institutional buyers acquired subscribed by a whopping 772.49 occasions, whereas the quota for retail particular person buyers (RIIs) obtained 201.52 occasions subscription. The class for certified institutional consumers (QIBs) attracted bids 191.41 occasions.
Vibhor Steel Tubes IPO GMP Today
According to market observers, unlisted shares of Vibhor Steel Tubes Ltd are buying and selling Rs 140 greater within the gray market as in contrast with its concern value. The Rs 140 gray market premium or GMP means the gray market is anticipating a 92.72 per cent itemizing acquire from the general public concern. 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: How To Check Allotment Status
The IPO allotment standing will be checked by following these steps:
1) Go to the official BSE web site by way of 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 may go to direct KFin Tech portal — https://rti.kfintech.com/ipostatus/ and test Vibhor Steel Tubes IPO allotment standing.
Vibhor Steel Tubes IPO Details
The Haryana-based Vibhor Steel Tubes’s preliminary public providing (IPO) comprised a recent concern of fairness shares with a face worth of Rs 10 every, aggregating to a difficulty measurement of as much as Rs 72.17 crore by means of the e-book-constructing route.
The value band was fastened at Rs 141-151 per share.
Proceeds from the problem will probably be utilised for working capital necessities and basic company functions. Founded in 2003, Vibhor Steel Tubes is a producer of excessive-high quality metal tubes and pipes which might 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 probably be listed on the National Stock Exchange (NSE) and BSE.
