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HomeMarket NewsThe second-most subscribed IPO in India now trades below its IPO price
Retail shareholding has increased though in Vibhor Steel since the company's listing. At time of listing, retail shareholding stood at 12%, which has now reached 17.9% at the end of December 2024.
By Hormaz Fatakia March 12, 2025, 1:57:28 PM IST (Published)
Vibhor Steel Tubes Ltd., which features as the second-most subscribed mainboard IPO in the country is now trading below its IPO price.
The stock is trading with losses of over 2% on Wednesday, March 12, which has taken the stock below its IPO price of ₹151.
had an IPO last year, which saw an overall subscription of 320 times. Of course, it must be noted that the IPO size was only ₹72 crore and a smaller IPO size would also elevate subscription figures.
The retail portion of this IPO was subscribed 201 times the number of shares on offer.
Vibhor Steel Tubes does not have any analyst coverage, nor does it have any holdings from the country's domestic Mutual Fund.
Retail shareholding has increased though in Vibhor Steel since the company's listing. At time of listing, retail shareholding stood at 12%, which has now reached 17.9% at the end of December 2024.
Among other shareholders, Jindal Pipes has a 1.32% stake in the company. At the end of the December quarter, promoters had a 73.48% stake in the company.
Shares of Vibhor Steel Tubes are currently trading 1.8% lower at ₹135.8. The stock is down 30% so far in 2025, having declined 15% in the last one month.
The stock had more than doubled post listing, making a high of ₹333. The stock is down 60% from those levels.
