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Business News/ Markets / Ipo/  Vibhor Steel Tubes IPO allotment to be out soon; GMP rises, steps to check Vibhor Steel IPO allotment status
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Vibhor Steel Tubes IPO allotment to be out soon; GMP rises, steps to check Vibhor Steel IPO allotment status

Vibhor Steel Tubes IPO allotment status will be finalised today. Investors can check the allotment status in the registrar's portal, Kfin Technologies Ltd. Vibhor Steel Tubes IPO is expected to have a strong listing, with a grey market premium of +130.

Vibhor Steel Tubes IPO share allotment to be finalised soon. (Photo: Company Website)Premium
Vibhor Steel Tubes IPO share allotment to be finalised soon. (Photo: Company Website)

Vibhor Steel Tubes IPO allotment status: Vibhor Steel Tubes Limited IPO share allotment will be finalised today (Friday, February 16). The investors who applied for Vibhor Steel Tubes IPO can check the Vibhor Steel Tubes IPO allotment status in the registrar's portal, which is Kfin Technologies Ltd. Vibhor Steel Tubes IPO opened for subscription on Tuesday, February 13, and closed on Thursday, February 15.

Vibhor Steel Tubes IPO received blockbuster responses from both retail and non-institutional investors all three days. On day 3, Vibhor Steel Tubes IPO subscription status was 298.86 times, as per data available on BSE.

Also Read: Vibhor Steel Tubes IPO day 3: GMP, review to subscription status — apply or not as bidding ends soon?

Investors can find out if and how many shares they have been given through the basis of allotment. The number of shares allotted can also be seen in the IPO allotment status. The company will initiate the refund process for applicants who were not given shares. Those allotted will receive their shares in their demat accounts.

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The initiation of the refund process will commence on Monday, February 19 for individuals not given shares. Those allotted will receive their shares in their demat accounts on the same day itself.

The Vibhor Steel Tubes IPO listing date is scheduled for Tuesday, February 20.

Also Read: Vibhor Steel Tubes IPO sees stellar demand on day 3, issue booked over 298.86 times; check latest GMP

If you have applied for the Vibhor Steel IPO, you can do a Vibhor Steel Tubes IPO allotment status check online on the website of the IPO registrar, Kfin Technologies Ltd. You can check the Vibhor Steel Tubes IPO allotment status today of your application on the Vibhor Steel Tubes IPO allotment link - https://ris.kfintech.com/ipostatus/

Step 1:

When you click the link mentioned above, you will see 5 links where you can see the status.

Step 2:

Open one of the five provided links, then select Vibhor Steel Tubes Limited from the dropdown menu in the select IPO section.

Step 3:

Pick one of all three options to check the status: Application No, Demat Account, or PAN.

Step 4:

- If you choose the application number, type it in and then the captcha code. Click "Submit."

- Enter the captcha code and your account information if you selected Demat Account. Click "Submit."

- PAN is the third option; enter the PAN number and captcha code. Click “Submit."

Also Read: Vibhor Steel Tubes IPO receives phenomenal response on the second day, subscribed 101.42 times; GMP drops

How to check Vibhor Steel Tubes IPO allotment status on BSE

Step 1

Visit allotment page on BSE's official website- https://www.bseindia.com/investors/appli_check.aspx

Step 2

Under 'Issue Type', select 'Equity'.

Step 3

Choose the IPO from the drop-down option under 'Issue Name'.

Step 4

Enter PAN or application number.

How to check Vibhor Steel Tubes IPO allotment status on NSE

Step 1

Visit NSE's official website- https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Step 2

By selecting the 'Click here to sign up' option on the NSE website, one must register with PAN.

Step 3

Enter user name, password, and captcha code.

Step 4

Check IPO allotment status on the new page that will open.

Vibhor Steel Tubes IPO GMP today

Vibhor Steel Tubes IPO GMP or grey market premium is +130. This indicates Vibhor Steel Tubes share price were trading at a premium of 130 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, Vibhor Steel Tubes IPO expected listing price was 281 apiece, which is 86.09% higher than the IPO price of 151.

Based on last 10 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is 110, while the highest GMP is 130, as per investorgain.com analysts.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Vibhor Steel Tubes IPO fully booked on day 1 of bidding led by retail, NIIs; check GMP

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.

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Published: 16 Feb 2024, 08:53 AM IST
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