Vibhor Steel Tubes, a prominent steel pipes and tubes manufacturer based in Haryana, successfully garnered close to Rs 22 crore from anchor investors. The anchor book witnessed active participation from three key investors, namely Saint Capital Fund, Chhatisgarh Investments Ltd, and Neomile Growth Fund – Series I. Allocating a total of 14.24 lakh equity shares at the upper end of the price band, Rs 151 a piece.
The IPO, featuring a price range of Rs 141 to Rs 151 per share, is scheduled for public subscription starting Tuesday and will conclude on Thursday, February 15. Vibhor Steel Tubes, established in 2003, specializes in producing high-quality steel tubes and pipes vital for various heavy engineering industries in India. With an IPO size of up to Rs 72.17 crore through the book building route, the funds raised will be directed towards working capital requirements and general corporate purposes. Khambatta Securities serves as the sole book running lead manager, and Kfin Technologies acts as the IPO registrar. The company’s shares are set to be listed on both the National Stock Exchange (NSE) and BSE.
