Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding working capital requirements
-
General corporate purposes
-
No documents added yet.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
No peer comparisons added yet.
Vibhor Steel Tubes Limited is a Hisar (Haryana) headquartered manufacturer and exporter of steel pipes and tubes, incorporated in 2003. The company's product range spans ERW (electric resistance welded) mild steel and carbon steel pipes used in water transport and oil and gas applications, hot-dip galvanized pipes for agriculture and infrastructure use, hollow steel sections in square and rectangular profiles, cold-rolled steel strips and coils, and crash barriers for road safety installations. Manufacturing is carried out at two facilities, one in Raigad, Maharashtra and another in Mahabubnagar, Telangana, supported by a warehouse in Hisar. As of late 2023 the company employed around 636 people. Its customer base is concentrated in heavy engineering industries, with Jindal Pipes Limited as its principal buyer under a long running, non-exclusive supply arrangement spanning roughly six years; the company also sources raw material under long-term agreements with Steel Authority of India Limited and JSW Steel Limited. Over the three years leading up to its public issue the company's revenue grew from about Rs 511.5 crore in FY21 to Rs 818.5 crore in FY22 and Rs 1,114.4 crore in FY23, with profit after tax rising from under Rs 1 crore to over Rs 21 crore over the same period, reflecting a steady scale-up in both its export and domestic supply operations within the steel pipe and tube segment.
Ahead of the public offer the company allocated shares to anchor investors at the issue price of Rs 151 per share, raising approximately Rs 21.5 crore through the anchor book.
Source: RHP • Analysis provided for informational purposes
Last Updated: 17 July 2026, 5:30 AM
Anchor customer relationship
The company has been the primary tube and pipe supplier to Jindal Pipes Limited under a long-running, roughly six-year arrangement, giving it a stable base of demand even though the contract is not exclusive.
Consistent growth track record
Revenue and profit both grew steadily across the three years leading up to the issue, indicating an expanding order book and improving operating efficiency.
Customer concentration
A large majority of revenue is derived from a single customer, Jindal Pipes Limited, so any reduction in that relationship could materially affect the business even though the arrangement is non-exclusive.
Full valuation at issue
Based on FY24 annualized earnings at the time of the offer, the issue was priced at a level that left limited room for further re-rating.
Vibhor Steel Tubes Limited
No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.