Vibhor Steel shares listed with a premium of 182% on the exchanges, debuting at Rs 421 on BSE and Rs 425 on NSE. The solid listing is attributed to a diverse product portfolio, strong financial performance, manufacturing specialties, a long term business arrangement with Jindal Pipes, and revenue growth for working capital funding.
Boasting a diverse product portfolio, an established distribution network, and consistent financial performance, Vibhor Steel Tubes possesses a solid foundation for growth, maintained analysts
The companys shares on Indian stock exchanges are listed at Rs 425 against its issue price of Rs 151. It rose further to trade at Rs 446.25 at 12.28 pm.