What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Vibhor Steel Tubes Limited IPO allotment date?

The basis of allotment for Vibhor Steel Tubes Limited IPO is scheduled to be finalized on 16 Feb 2024.

Where can I check Vibhor Steel Tubes Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Kfin Technologies Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 17 Feb 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

Vibhor Steel Tubes Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

Vibhor Steel Tubes Limited is a major Indian manufacturer, exporter, and supplier of steel pipes and tubes used in heavy engineering industries, offering products such as ERW pipes for water, oil, and gas supply, hot-dipped galvanized pipes for agriculture and infrastructure, hollow section pipes in square and rectangular shapes, primer-painted pipes for industrial use, and crash barriers for railways, highways, and roads. The company operates two manufacturing units in Raigad, Maharashtra and Mahabubnagar, Telangana, along with a warehouse in Hisar, Haryana, and as of September 28, 2023, it had a workforce of 636 employees, including factory staff.

Price Band

₹141 – ₹151

Issue Size

₹72.17 Cr

Lot Size

99 shares

GMP

₹140

+92.7%

Est. Listing

₹291

at current GMP

Subscribed

320.05x

overall

Open

13 Feb 2024

15 Feb 2024

Allotment

16 Feb 2024

Refund

17 Feb 2024

Demat Credit

18 Feb 2024

Listing

20 Feb 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Vibhor Steel Tubes Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

16 Feb 2024

Basis finalization

Refunds Initiate

17 Feb 2024

Mandate release

Demat Credit

18 Feb 2024

Shares in demat

Listing Debut

20 Feb 2024

Trading begins

About Vibhor Steel Tubes Limited Public Issue & Market Profile

Vibhor Steel Tubes Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹72.17 Crores. The shares are offered at a price band of ₹141 to ₹151 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-02-15, the basis of allotment is scheduled to be finalized on 2024-02-16. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.