Vibhor Steel Tubes IPO is Good or Bad? (Apply or Not)

Vibhor Steel Tubes Limited has announced the launch of its IPO at the prestigious BSE and NSE Exchanges. The total issue size for this IPO is Rs 72.17 Crores, which comprises 100% Fresh Issue.

The IPO application will be open from 13th February to 15th February 2024.

The issue price for this IPO application ranges from Rs. 141 to Rs. 151 per share, with a lot size of 99 shares.

Should you Apply for Vibhor Steel Tubes IPO?

Reviewer Recommendation
RupeeTalks Apply for Listing Gain :white_check_mark:
Capital Market Neutral
Dilip Davda May Apply

Vibhor Steel Tubes IPO GMP Today

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
15-02-2024 151.00 ₹110 8300/116200 ₹261 (72.85%) 15-Feb-2024 10:28
14-02-2024 151.00 ₹110 8300/116200 ₹261 (72.85%) 14-Feb-2024 23:27
13-02-2024 151.00 ₹120 9000/126000 ₹271 (79.47%) 13-Feb-2024 23:32
12-02-2024 151.00 ₹120 9000/126000 ₹271 (79.47%) 12-Feb-2024 23:28
11-02-2024 151.00 ₹130 9800/137200 ₹281 (86.09%) 11-Feb-2024 23:24

Vibhor Steel Tubes IPO Dates

IPO Activity Date
Basis of Allotment Date* 16th Feb 2024
Refunds Initiation* 19th Feb 2024
Credit of Shares to Demat* 19th Feb 2024
IPO Listing Date* 20th Feb 2024

Vibhor Steel Tubes IPO Lots

IPO Activity Date
Issue Price ₹141.00-151.00
Market Lot: 99 Shares
1 Lot Amount: ₹14949
Min Small HNI Lots(2-10 Lakh): 1386 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 6633 shares (67 lots)

Disclaimer: Investments in stock market are subject to market risk. Consult your financial advisor before investing.

FAQs

1. What is the current GMP of Vibhor Steel Tubes IPO ?

The current GMP of Vibhor Steel Tubes IPO is ₹120. The Vibhor Steel Tubes IPO GMP (Grey Market Premium) is the premium rate at which the IPO is trading in the grey market, over-the-counter (OTC) market, or off-exchange trading between two individuals. The GMP price was last updated on Feb 14th, 2024, at 09:56 AM.

2. What is the estimated listing price for1 Vibhor Steel Tubes IPO ?

The estimated listing price for the Vibhor Steel Tubes IPO is ₹271, marking an approximate gain of 79.47%. The latest GMP of the Vibhor Steel Tubes IPO is ₹120, last updated on Feb 14th, 2024 at 09:56 AM.

It’s a very small issue, so the chances of getting an allotment will be less.

If I have two accounts/PANs to use, should I apply for both as SHNI if I have the money? The allotment is a lottery anyway, so should I apply as retail+SHNI or as 2×SHNI? It might sound silly, but I hope you understand.

Considering the current market conditions and the listing date of 20th Feb, I would suggest exercising caution and opting for retail+retail. Or retail+SHNI if you have a higher appetite for risk-taking.