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Vibhor Steel IPO garners massive subscription rate of 298.86 times, debuting with a 181% premium and settling at a 195.5% gain. The company collaborates with Jindal Pipes Limited, exporting products globally and introducing new product lines under its brand. ....
"The company focus will remain on improving operating efficiencies through technology enhancements which will strengthen the company s competitive position. Investors looking to invest, can invest in this IPO with a medium to long term perspective," said Master Capital. ....
The strong demand was led by non-institutional investors, whose category was subscribed 128 times, followed by retail investors at 64 times. The QIB portion was booked 7 times so far. ....