Share Price of Vibhor Steel Tubes: Investors responded well to the initial public offering (IPO), subscribing 320 times.

Share Price of Vibhor Steel Tubes Today: On February 20, Vibhor Steel Tubes floated at a premium of 181% above the IPO price. The shares opened at ₹425 on the NSE and ₹421 on the BSE, both in relation to the issue price of ₹151. Investors responded well to the initial public offering (IPO), with 320 subscriptions. Retail investors took 200 times the allotment, while high net worth individuals (HNIs) continued to be at the top, purchasing 770 times the authorized amount.

Vibhor Steel Tubes IPO: Important information

The issue’s fixed price range was set at ₹141–151 per share. While the anchor book opened for business on February 12, the IPO’s subscription period began on February 13 and ended on February 15. Subsequently, the business obtained ₹22 crore from Neomile Growth Fund-Series I, Saint Capital Fund, and Chhattisgarh Investments Ltd.

Disclaimer : The above article is meant for informational purposes only, and should not be considered as any investment advice.

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