Vibhor Steel Tubes IPO: How to check allotment status and listing date

Vibhor Steel Tubes IPO: How to check allotment status and listing date

Vibhor Steel Tubes Limited, a manufacturer and exporter of steel pipes and tubes, has launched its initial public offering (IPO) on February 13, 2024. The IPO, which closes on February 15, 2024, aims to raise ₹72.17 crore through a fresh issue of [.] equity shares at a price band of ₹141 to ₹151 per share.

IPO

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The minimum order quantity for the IPO is 99 shares, and the investors can apply in multiples thereof. The IPO is reserved for 50% of qualified institutional buyers (QIBs), 15% of non-institutional investors (NIIs), and 35% of retail investors.

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The company intends to use the net proceeds from the IPO for meeting its working capital requirements, repayment of certain borrowings, and general corporate purposes.

The book running lead manager for the IPO is Khambatta Securities Limited, and the registrar is Kfin Technologies Limited. The IPO is expected to be listed on BSE and NSE on February 20, 2024.

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The investors who have applied for the IPO can check their allotment status online using their PAN, BSE, or Kfintech registrar details. Here are the steps to follow:

  • Using PAN: Go to the Kfintech website and select the IPO name from the drop-down menu. Enter your PAN and click on ‘Submit’. The website will display the number of shares you have applied for and the number of shares you have been allotted.
  • Using BSE: Go to the BSE website and select ‘Equity’ and the IPO name from the drop-down menus. Enter your application number and PAN and click on ‘Search’. The website will display the details of your allotment status.
  • Using Kfintech registrar: Go to the Kfintech registrar website and select the IPO name from the drop-down menu. You can check your allotment status by entering your application number, DPID/Client ID, or PAN. You will need to select the correct option and enter the captcha code before clicking on ‘Submit’. The website will display the details of your allotment status.

The investors who have been allotted shares can start trading them on the listing date, which is likely to be February 20, 2024. The listing price of the shares will depend on the demand and supply factors in the market. The investors can track the live performance of the shares on the BSE or NSE websites.

Source : Zee Business

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