Vibhor Steel Tubes, a company offering its shares to the public for the first time through an Initial Public Offering (IPO), received overwhelming interest from investors. The IPO was subscribed a staggering 298.86 times, meaning that investors applied for nearly 299 times the number of shares offered by the company.
Additionally, the retail portion of the IPO, which is open to individual investors, was subscribed 188.17 times. This indicates that individual investors showed strong interest in subscribing to the IPO, applying for almost 188 times the number of shares allocated for them.
Overall, the subscription numbers for Vibhor Steel Tubes’ IPO make it the most subscribed IPO in 2024 thus far. Such high subscription levels demonstrate the significant demand for the company’s shares among investors and reflect positive market sentiment towards Vibhor Steel Tubes’ business prospects.