Vibhor Steel Tubes IPO may double allottees' money on listing date, say experts
Vibhor Steel Tubes IPO: Shares of Vibhor Steel Tubes Limited will be listed on the BSE and NSE during Tuesday deals. As per the information available on the BSE website, the Vibhor Steel Tubes IPO listing date has been fixed on 20th February 2024 i.e. today.
Vibhor Steel Tubes listing will take place in a special pre-open session on Tuesday. "Trading Members of the Exchange are hereby informed that effective from Tuesday, February 20, 2024, the equity shares of VIBHOR STEEL TUBES LIMITED shall be listed and admitted to dealings on the Exchange in the list of 'T' Group of Securities. Further in terms of SEBI circular No.
CIR/MRD/DP/02/2012 dated January 20, 2012; the scrip will be in the Trade-for-Trade segment for 10 trading days," the BSE notice says. According to the stock market experts, Vibhor Steel Tubes shares may have a dream debut on Dalal Steet. They said that the Vibhor Steel Tubes IPO received a strong response from the primary market investors and a strong secondary market mood is also conducive to extending that bullish sentiment regarding the Vibhor Steel Tubes listing.
They said that Vibhor Steel Tubes IPO allottees may expect up to 85 percent listing gain as Vibhor Steel Tubes shares may list in the ₹260 to ₹280 per share range. However, they expected a sharp upside post-listing and predicted that an allottee's money may get doubled on the Vibhor Steel Tubes IPO listing date. They advised the short-term allottees to allow the stock to settle down after listing.
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