Vibhor Steel Tubes IPO GMP

Vibhor Steel Tubes IPO GMP: A Detailed Overview

Vibhor Steel Tubes IPO experiences strong demand and grey market premium. Check out key details and considerations before subscribing to the IPO.

Vibhor Steel Tubes IPO witnessed high demand with a subscription status of 27.63 times as per BSE data on the first day of bidding. The expected listing price for the IPO was ₹271 apiece, marking a significant increase. As the company gears up for listing on both the BSE and NSE, investors are weighing the decision to subscribe or skip the IPO.

With unlisted shares trading at a significant premium of Rs 120 in the grey market, equivalent to a 79.47% listing gain from the public issue, the market sentiment is positive towards Vibhor Steel Tubes. This strong response is reflected in the IPO GMP price, which currently stands at a premium of Rs 120.

Vibhor Steel Tubes, known for manufacturing and exporting mild steel ERW black and galvanized pipes, hollow steel pipe, and cold rolled steel strips, is positioning itself for a successful IPO launch. Investors are advised to consider important factors before subscribing, including the company's offerings and market dynamics.

As the IPO enters the final stages of allotment and listing, anticipation is high for the debut of Vibhor Steel Tubes on the stock exchanges. Stay updated on the latest developments and GMP prices to make informed investment decisions.