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VSTL IPO

Vibhor Steel Tubes Limited

IPO Doc

Start Date13-02-2024

Application Timing10am-5pm

Price Range₹141 - ₹151

Min Qty99

Min. Investment₹13959

Listing DateNA

Close Date15-02-2024

About Vibhor Steel Tubes Limited

Why To Invest in Vibhor Steel Tubes Limited

Manufacturer and exporter of steel pipes and tubes, supplier to Jindal Pipes Limited under the brand name ‘JIndal Star' The IPO net proceeds will be utilised for funding the working capital requirements of the company.

Financial Table

Year	FY 2021	FY 2022	FY 2023
Operating Revenue (Rs. Cr)	510	818	1114
Profit After Tax (Rs. Cr)	0.68	11.3	21

Strengths And Risks

Association with Jindal Pipes Limited. : The Company benefits from a long-standing relationship with JPL. It started with Job work activity which has now translated into full time production of pipes (0.5 inch to 12 inch) for JPL under brand “Jindal Star”

Strategic Location : Their manufacturing units are located in Raigad, Maharashtra and Telangana so that location enables ease of logistics, power, water supply and raw materials for operations.

Experienced Promoters : Company's two promoters are qualified professionals with an individual experience of more than 4 & 2 decades respectively in the Steel Pipes & Tubes industry and have been instrumental in driving growth since inception.

Interntional Accredititons: Company follows international standard manufacturing practises and their manufacturing facility benefits from the quality benchmarking certifications such as (i) ISO 9001:2015 and (ii) IS 1239:2004, IS 3601:2006, IS 3589:2001 from Bureau of Indian Standards. Such practices and accreditations, coupled with our technical capabilities and know-how enable us to manufacture products for both domestic and international customers.

Negative Cash Flows: Company had reported certain negative cash flows from financing and operating activities in previous years. Steel business is working capital intensive. If they experience insufficient cash flows to meet required payments on working capital requirements, there may be an adverse effect on business.

Long Term Agreements: Company has entered into long-term agreements with Jindal Pipes Limited for sale, any disruption in agreement can impact revenues.

High Inventories and Trade Receivables: Our business is working capital intensive and hence, Trade Receivables and Inventories form substantial part of our current assets and net worth. For the fiscal year 2023, 2022 and 2021, the trade receivable and inventories on an aggregate basis constitutes Rs. 17,474.67 Lakhs, Rs. 14,602.24 Lakhs and Rs. 9,033.93 Lakhs, which is 59.51%, 58.75% & 52.24% respectively of total current assets respectively.

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Connect With Us

Astha Credit & Securities Pvt Ltd
NSE, BSE & MCX Sebi Reg No:
INZ000187932

For any grievance contact:
grievance@rupeezy.in
0755-4268599

Membership ID:
NSE - 12227 BSE-6844 MCX - 40000
NSDL-IN303420 CDSL-94500

For cyber attack incident reporting:
gyanesh@rupeezy.in
9669695615

CIN:
U65929MP2003PTC016241

SEBI RA Registration:
INH000013332

SEBI Depository Participant Reg No:
IN-DP-611-2021

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Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
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Disclaimer:

Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
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Client Bank account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062
2	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	57500000351820	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

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Client registration documents in Vernacular languages: Get Documents