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.

What is the estimated listing price for Vibhor Steel Tubes Limited IPO?

Based on the upper price band of ₹151 and current GMP of ₹140, the estimated listing price is ₹291 (approx. 92.7% gain).

What is the expected profit per lot for Vibhor Steel Tubes Limited IPO?

With a lot size of 99 shares and current GMP of ₹140, expected profit per retail application lot is approximately ₹13,860.

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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

Live Grey Market Premium

Vibhor Steel Tubes Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹140+92.7%

Issue Price (Upper)

₹151

Band: ₹141 – ₹151

Estimated Listing Price

₹291

Upper price + GMP

Lot Size

99 shares

Min investment ₹14,949

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹140	92.7%	₹291
30 Oct 2026	+₹140	92.7%	₹291
29 Oct 2026	+₹126	83.4%	₹277

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Vibhor Steel Tubes Limited IPO GMP today?

The latest grey market premium for Vibhor Steel Tubes Limited IPO is ₹140, which indicates an expected listing price of ₹291.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.