07
Feb
14:12
Vibhor Steel Tubes sets IPO price range
Vibhor Steel Tubes is setting a price band of INR 141-151/share ($1.7-1.8) for its upcoming initial public offering (IPO) in a Red Herring Prospectus (RHP) document filed with Indian capital markets regulator, Securities and Exchange Board of India (SEBI), Kallanish notes.
The company aims to raise INR 721.7 million via a fresh issue, with a no offer-for-sale component. The net proceeds from the issuance will be used towards funding Vibhor’s working capital …
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Very good overview of the weekly steel market.
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