Vibhor Steel Tubes IPO Closes Today: Check Subscription Status, GMP Today

The share allotment of the Vibhor Steel Tubes IPO, which was open for public subscription between February 13 and February 15, is going to be finalised in the late evening today, Friday, February 16. Investors will receive bank debit messages once the allotment is finalised. The share listing will then take place on both NSE and BSE on February 20.

The Vibhor Steel Tubes IPO was subscribed nearly 300 times on the final day on Thursday, driven by overwhelming participation from institutional investors. The IPO received bids for 1,07,36,25,993 shares against 35,92,445 shares on offer, garnering a 298.86 times subscription.

The portion for non-institutional investors got subscribed by a whopping 721.34 times, while the quota for retail individual investors (RIIs) received 188.17 times subscription. The category for qualified institutional buyers (QIBs) attracted bids 178.73 times.