Vibhor Steel Tubes debuts the bourses on a bumper note with an 181% premium at Rs 425 on February 20. The company opened bidding for retail investors on February 13 and closed on February 15. The company raised 72.17 crore by offering a total of 4.8 million shares. 

The company’s shares were seeing a premium of 93% in the grey market. It is an illegal market where shares exchange hands before getting listed on the bourses.

The company got listed on both the bourses NSE and BSE. The company set the IPO’s price band at Rs 141 to 151 per equity share and kept the minimum lot size of 99 shares aggregating to Rs 14,949.

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