VSTL

Feb 7 (Reuters) - Vibhor Steel Tubes Ltd VIBH.NS:

• UNIT III IN ODISHA FULLY PREPARED, AWAITING ELECTRICITY CONNECTION

• UNIT III IN ODISHA EXPECTED TO BE OPERATIONAL BY END OF MARCH 2025

Source text: ID:nNSE8cYz5T

Further company coverage: VIBH.NS

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** Shares of Vibhor Steel Tubes VIBH.NS rise 5.4% to 239.1 rupees, highest since Nov. 13

** Steel tubes maker anticipates its new Odisha facility to commence operations by end of Jan. 2025

** Co's capacity to rise by 120,000 M.T. per annum, after commencement

** VIBH sees second-busiest day in near three weeks, with over 32,000 shares traded

** Stock down 77% since its listing in Feb. 2024

(Reporting by Aleef Jahan in Bengaluru)

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Dec 5 (Reuters) - Vibhor Steel Tubes Ltd VIBH.NS:

• CONSTRUCTION AND SETUP ACTIVITIES AT UNIT III IN ODISHA HAVE BEEN COMPLETED

• ANTICIPATING OPERATIONAL COMMENCEMENT OF UNIT BY END OF JANUARY 2025

Source text: ID:nNSE2Vs6PV

Further company coverage: VIBH.NS

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July 16 (Reuters) - Vibhor Steel Tubes Ltd VIBH.NS:

• COMMERCIAL PRODUCTION AT 2ND GI PLANT AT BALANAGAR TO START FROM 17 JULY

Source text for Eikon: ID:nNSE9t5lL7

Further company coverage: VIBH.NS

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** Shares of Vibhor Steel Tubes VIBH.NS soar 195.5% to 446.25 rupees in trading debut, valuing co at 8.46 bln rupees (nearly $102 mln)

** The steel tubes and pipes maker opens at 425 rupees, way above the IPO price of 151 rupees

** Listing vastly exceeds the previously anticipated surge, stock was expected to debut at 291 rupees - Shivani Nyati, head of wealth, Swastika Investmart

** The IPO had fresh issue of shares worth 722 mln rupees ($8.70 million) - prospectus

** IPO oversubscribed 298.86 times last week - exchange data

** VIBH's profit jumped nearly 86% for the year ended March 31, 2023, while net revenue rose 36%

($1 = 82.9760 Indian rupees)

(Reporting by Rama Venkat in Bengaluru)

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