Vibhor Steel Tubes IPO: Experts decode key reasons behind robust 300 times subscription ahead of allotment
Also Read: Vibhor Steel Tubes IPO allotment to be out soon; GMP rises, steps to check Vibhor Steel IPO allotment status Vibhor Steel Tubes IPO subscription begun on Tuesday, February 13, and ended on Thursday, February 15. On the third day, Vibhor Steel Tubes IPO subscription status was 298.86 times, as per BSE data.
The retail investors portion was subscribed 188.17 times, Non Institutional Investors (NII) portion was booked 721.34 times, and Qualified Institutional Buyers (QIB) portion was booked 178.73 times. The employee portion had been subscribed 201.48 times.
"On each of the parameters, the company scores high marks. and the combination resulted in phenomenal subscriptions, particularly in the high net-worth individuals (HNI) category.
Unheard of numbers,"pointed out Arun Kejriwal, founder of Kejriwal Research and Investment Services. Also Read: Vibhor Steel Tubes IPO sees stellar demand on day 3, issue booked over 298.86 times; check latest GMP "Exciting news! Mint is now on WhatsApp Channels
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