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Vibhor Steel Tubes IPO Listing Tomorrow: Check GMP Today.
Vibhor Steel Tubes Ltd's unlisted shares are trading Rs 140 higher in the gray market, a 92.72% listing gain from the public issue.
Vibhor Steel Tube IPO: The shares of Vibhor Steel Tubes Ltd are scheduled to be listed on BSE and NSE on Tuesday, February 20. The IPO was opened for public subscription between February 13 and February 15. The IPO allotment was made on February 16. The current gray market premium represents tomorrow's listing gains on today's Monday.
The Vibhor Steel Tubes IPO received over 320 subscriptions on its last day on February 15, driven by overwhelming participation from institutional investors. The IPO was subscribed 320.05 times by receiving bids for 1,07,36,23,617 shares against the 3,354,537 offered shares.
The proportion of non-institutional investors was subscribed a whopping 772.49 times, and the proportion of individual individual investors (RIIs) was subscribed 201.52 times. The Qualified Institutional Buyer (QIB) category attracted 191.41 bids.
Vibhor Steel Tube IPO GMP Today
According to market observers, the unlisted shares of Vibhor Steel Tubes Ltd are trading Rs 140 higher in the gray market compared to the issue price. The Gray Market Premium (GMP) of Rs 140 means that the gray market expects a listing gain of 92.72% from the public issue. GMPs are based on market sentiment and are constantly changing.
The ‘grey market premium’ indicates that investors are prepared to pay more than the issue price.
Vibhor Steel Tubes IPO: How to check allocation status
You can check your IPO allocation status by following these steps:
1) Go to the BSE official website via URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Select ‘Stocks’ in ‘Stock Type’.
3) Select ‘Vibhor Steel Tubes Limited’ from the dropbox under ‘Problem Name’.
4) Enter your application number or permanent account number (PAN).
The sharing application status will be displayed on the screen.
You can also check Vibhor Steel Tubes IPO allocation status by directly visiting KFin Tech portal (https://rti.kfintech.com/ipostatus/).
Vibhor Steel Tubes IPO Details
The initial public offering (IPO) of Haryana-based Vibhor Steel Tubes consisted of issue of fresh equity shares with face value of Rs 10, with a maximum issue size of Rs 72.17 crore through book-building route.
The price range was fixed at ₹141-151 per share.
The proceeds of the issuance will be utilized for working capital requirements and general corporate purposes. Established in 2003, Vibhor Steel Tubes is a manufacturer of high quality steel tubes and pipes used in various heavy industries in India.
Khambatta Securities is the sole book-running lead manager and Kfin Technologies is the IPO registrar. The company's shares are listed on the National Stock Exchange (NSE) and BSE.