Vibhor Steel Tubes opened its IPO subscription for retail investors on February 13 and got over 29 million shares bid within two hours of opening the issue. This is over eight times the offered shares. The company has set the price band at Rs 141 – 151 to raise Rs 72.17 crore. The bidding will close on February 15.

The minimum lot size for a retail investor is 99 shares summing to Rs 14,949 at the upper band of the IPO. The shares of the company will be listed on both the bourses, NSE and BSE.

The company has raised Rs 21.52 crore from the anchor investors by offering 1.4 million shares out of 4.7 million shares. 

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