Second-most subscribed IPO in India now trades below its IPO price
Vibhor Steel Tubes Ltd., which features as the second-most subscribed mainboard IPO in the country is now trading below its IPO price.
The stock is trading with losses of over 2% on Wednesday, March 12, which has taken the stock below its IPO price of ₹151. Vibhor Steel Tubes had an IPO last year, which saw an overall subscription of 320 times. Of course, it must be noted that the IPO size was only ₹72 crore and a smaller IPO size would also elevate subscription figures.
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