Vibhor Steel Tubes IPO has garnered massive interest from both retail and non-institutional investors over the course of three days. The subscription status on the final day of bidding stood at a staggering 298.86 times, as per data available on the Bombay Stock Exchange (BSE). With such overwhelming demand, investors are eagerly anticipating the allotment of shares and the eventual listing of the company.
Investors who have applied for the IPO can check on the status and number of shares they have been allotted through the basis of allotment and the IPO allotment status. The company is set to initiate the refund process for those who were not allotted shares, while successful applicants will receive their shares in their demat accounts.
The refund process for unsuccessful applicants is scheduled to commence on Monday, February 19, with shares expected to be credited to demat accounts on the same day. The listing date for Vibhor Steel Tubes IPO is set for Tuesday, February 20.
To check the allotment status, applicants can visit the website of the IPO registrar, Kfin Technologies Ltd. Detailed instructions are provided on how to check the status based on application number, demat account, or PAN.
In addition, those interested in checking the Vibhor Steel Tubes IPO allotment status on the BSE or the National Stock Exchange (NSE) can follow the respective steps provided. The grey market premium (GMP) for the IPO stands at +130, indicating a significant premium on the share price. Such a high GMP suggests a strong potential for listing at a higher price than the IPO price.
The Vibhor Steel Tubes IPO is expected to be listed at a significant premium based on the GMP, with analysts pointing to a strong listing. The lowest GMP is at ₹110, while the highest is at ₹130, according to investorgain.com analysts. This premium reflects the readiness of investors to pay more than the issue price.
While the Vibhor Steel Tubes IPO has seen stellar demand, it is important for investors to seek advice from certified experts before making any investment decisions.
Overall, the Vibhor Steel Tubes IPO has generated significant excitement and is expected to make a strong impact in the market, with a potential uptrend in listing price.
