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IPO

IPO Synopsis
Vibhor Steel Tubes Ltd
Registered Office: Plot No.2 Industrial Develop.,Colony Delhi Road , Hisar - 125005 , Haryana , India.
Phone : +91 70303 22880   Fax:
Email :  cs@vstlindia.com  
Website :  www.vstlindia.com
Initial public offer of up to 47,79,443* equity shares of face value of Rs. 10 each ("Equity Shares") of Vibhor Steel Tubes Limited ("Company") for cash at a price of Rs. 151 per equity share (including a premium of Rs. 141 per equity share) ("Offer Price") aggregating up to Rs. 72.17 crores through an fresh issue of equity shares. This offer includes a reservation of up to 29,503 equity shares (constituting up to 0.16% of the post-issue paid-up equity share capital of the company) aggregating up to Rs. 0.45 crores for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The issue less the employee reservation portion is hereinafter referred to as the "Net Offer". The issue and the net offer will constitute 25.20% and 25.05% of its post-offer paid-up equity share capital, respectively. The face value of equity shares is Rs. 10 each and the offer price is 15.10 times of the face value of the equity shares. *Subject to finalisation of basis of allotment.

Issue Money Payable On
Opens On Closes On Application Allotment
13-Feb-24 15-Feb-24 Rs151.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :99  Further Multiples of :99

  Rs Cr Lead Managers to the Issue
Project Cost 65.37
Khambatta Securities Ltd
Project Financed through Current Offer 72.17  
Post Issue Equity Share Capital 18.96  
Issue Price Rs151.00  
 
Projects
Funding working capital requirements of the companyGeneral corporate purposes
Promoted By
Vijay Kaushik
Vibhor Kaushik
Vijay Laxmi Kaushik
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd