Vibhor Steel Tubes Ltd - IPO

Vibhor Steel Tubes Ltd IPO Details

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.

Objective of issue

Funding working capital requirements of the company. General corporate purposes.

Vibhor Steel Tubes Ltd Contact Details

Vibhor Steel Tubes Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@vstlindia.com

Website - www.vstlindia.com