Vibhor Steel Tubes Ltd. has announced public offering of 4779443 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 141.00 per share. The gross proceeds of the issue are expected to be Rs 7,216.96 lakhs.

The company's initial public offer (IPO) will open on 13 February 2024 and is expected to close on 15 February 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 141.00-151.00 per share.

The IPO includes a fresh Issue of 4779443 Equity Shares of the Company at an price of Rs 151.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 99 shares with bids in multiples of 99.

Vibhor Steel Tubes Ltd. anticipates using the proceeds of the issue for .

Khambatta Securities Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.