Google trend - Vibhor Steel Tubes IPO allotment status

Vibhor Steel Tubes Limited is a manufacturer and exporter of steel tubes and pipes, based in India. The company recently came out with an Initial Public Offering (IPO) to raise funds for its expansion plans and to meet working capital requirements. The IPO was open for subscription from September 30 to October 4, 2021, and the allotment of shares was done on October 11,

The IPO of Vibhor Steel Tubes consisted of a fresh issue of equity shares and an offer for sale by the existing shareholders. The company aimed to raise around Rs. 60 crores through the IPO, with the issue price set at Rs. 60 per share. The minimum lot size for subscription was 2000 shares, and investors could apply for a maximum of 26 lots.

The IPO allotment status of Vibhor Steel Tubes was announced on October 11, 2021, and investors could check their allotment status online through the registrar's website or through the BSE website. The allotment was done on a proportionate basis, depending on the number of shares applied for and the availability of shares.

The allotment process is carried out by the registrar of the IPO, who verifies the applications and allocates shares based on the rules and regulations set by the Securities and Exchange Board of India (SEBI). The allotment is done in a fair and transparent manner, ensuring equal opportunities for all investors.

Investors who had applied for the Vibhor Steel Tubes IPO can check their allotment status by entering their application number or PAN number on the registrar's website. The status would indicate the number of shares allocated to the investor, as well as the amount deducted from their bank account for the shares allotted.

In case of oversubscription, where the demand for shares exceeds the number of shares available, the allotment is done on a proportionate basis. This means that investors may receive a partial allotment, depending on the number of shares applied for and the oversubscription rate. The refund for the unallocated shares is then initiated, and the amount is credited back to the investor's bank account.

The IPO allotment status is an important update for investors, as it determines their shareholding in the company and the amount invested. It is advisable for investors to keep track of the allotment status and check the details carefully to ensure accuracy.

In conclusion, the Vibhor Steel Tubes IPO allotment status was announced on October 11, 2021, and investors could check their allotment status online through the registrar's website or the BSE website. The allotment was done on a proportionate basis, and investors could check the number of shares allocated to them and the amount deducted from their bank account. It is important for investors to keep track of the allotment status and verify the details to ensure accuracy.