The whole allotment process will be overseen by a registrar and investors will get the shares on a lottery basis. There are two ways in which investors can check whether they received any allotment after applying for the IPO.
Firstly, allotment status can be accessed from the BSE website or if that is not the case, investors can log into the registrar website, which is
Firstly, here’s how you can know the status on BSE
Step 1: Visit the BSE Website
Step 2: Please select the issue name, that is the company’s name in the drop down.Step 3: Enter the application number or PAN number to check the allotment status.Follow the below steps to know the Vibhor Steel Tubes allotment status from registrar website
Step 1: Visit the Kfin Technologies website
Step 2: Select Vibhor Steel Tubes IPO
Step 3: Enter the PAN details and click search to know the status
Vibhor Steel Tubes GMP
In the unlisted market, Vibhor Steel Tubes GMP is around Rs 123, which indicates a robust listing gain of about 81% over the issue price. The tentative listing date is set as February 20.
Vibhor Steel’s key strength comes from its long standing association with Jindal Pipes. Along with this. Vibhor has strategic plants located near the ports helping them to focus more on exports business in future.
The company has shown a strong revenue growth at 60% and 36% in FY22 and FY23 respectively, while profits in two fiscal years grew 1546% and 86%.
At the upper band of Rs 151, the issue is asking for a market cap of Rs 286 crore.
Based on annualized FY24 earnings and fully diluted post-IPO paid-up capital, the company is valued at a P/E of 16.8x, which analysts believe seems very reasonably priced, even by comparison to its peers which are trading in the range of 30-40x on an average.
Net proceeds from the public offer are proposed to be utilised for funding of working capital requirements and general corporate purposes.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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