Vibhor Steel Tubes concluded its Initial Public Offering (IPO), raising an impressive sum of Rs 72.17 crores through a book-built issue. The IPO, which consisted entirely of fresh shares, saw bidding activity from February 13 to February 15, 2024.
Read More: Vibhor Steel Tubes IPO: How To Check Allotment Status Today? Know Latest GMP
Vibhor Steel Tubes IPO Allotment DateVibhor Steel Tubes is scheduled to make its debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Tuesday, February 20, 2024.
Vibhor Steel Tubes IPO Price BandThe IPO was offered at a price band of Rs 141 to Rs 151 per share, with a minimum lot size of 99 shares. Retail investors were required to invest a minimum of Rs 14,949.
Vibhor Steel Tubes IPO GMPSignificantly, the grey market premium (GMP) for Vibhor Steel Tubes IPO shares is reported to be in the range of Rs 110 to Rs 120 in the unlisted market, according to various tracking websites.
How Can You Check the IPO Allotment Status Online via the BSE website:IPO allotment status can simply be checked on the Bombay Stock Exchange (BSE) website.
Here is your quick guide.
To check Vibhor Steel Tubes IPO allotment status on BSE, applicants can follow
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specific steps on the official BSE website, entering their application number and PAN details.
–Visit the official BSE website at bseindia.com/investors/appli_check.aspx.
–Choose the option for Vibhor Steel Tubes IPO.
–Enter your Vibhor Steel Tubes application number.
–Provide your PAN details as required.
–Complete the captcha by clicking on ‘I’m not a robot’.
–Finally, click the ‘Submit’ button to retrieve the allotment status
Khambatta Securities Limited is serving as the book running lead manager for the IPO, and Kfin Technologies Limited has been appointed as the registrar for the issue.
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The net proceeds from the IPO, after deducting related expenses, are earmarked for the funding of working capital requirements and general corporate purposes.
