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Vibhor Steel Tubes Limited IPO Review

Vibhor Steel Tubes Limited IPO their company, initially established as 'Vibhor Steel Tubes Private Limited' under the Companies Act, 1956, received its certificate of incorporation on April 16, 2003, Vibhor Steel Tubes Limited is a top-tier producer of premium steel tubes and pipes. Their focus is on delivering superior quality products to ensure their customers' satisfaction. Every pipe manufactured in their facility adheres to both Indian and international standards' specifications.

vibhor steel tubes pvt ltd ipo Strengths are Association with Jindal Pipes Limited, Strategic location of manufacturing Units, Experienced Promoters and senior management team, International Accreditations, Export of finished goods, they’ll developed distribution and marketing network, they strive to uphold strict quality standards throughout every phase of their projects. Their goal is to cut costs and shorten production times by using resources efficiently. Their team of engineers and professionals is dedicated to maintaining these high standards. They carefully monitor and test all materials to ensure they meet requirements, address any issues promptly, and make necessary adjustments to guarantee client satisfaction.

Vibhor Steel Tubes Limited Products and Services

Vibhor Steel Tubes Limited manufactures and exports a range of products including Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hollow Steel Pipe, and Cold Rolled Steel (CR) Strips/Coils. With over two decades of experience, they supply steel pipes and tubes to various heavy engineering industries across India. Their products serve multiple purposes such as framing and shafts, bicycle frames, furniture, shock absorbers, structural uses, and engineering applications. They offer a diverse range of steel pipes and tubes to meet a wide array of needs.

They, as manufacturers of steel pipes and tubes, have a significant opportunity in both the domestic and export markets due to high demand. If any agreements are disrupted, they are confident in their ability to maintain their production volume without encountering any issues.

Financial Overview

Financial performance, over the past three fiscal years, the company has reported consolidated total revenue and net profit as follows: Rs. 511.51 cr. / Rs. 0.69 cr. (FY21), Rs. 818.48 cr. / Rs. 11.33 cr. (FY22), and Rs. 1114.38 cr. / Rs. 21.07 cr. (FY23). The company serves as a primary supplier of tubes and pipes to Jindal Pipes Ltd. under a long-term contract spanning approximately 6 years. Management asserts that this contract is non-exclusive, allowing the company to also sell products in open markets. Notably, the company has demonstrated growth in both revenue and profit over the reported periods. Based on FY24 projected earnings, the issue appears to be priced. Informed investors may consider investing for the medium term.