VENUS PIPES & TUBES LTD. IPO was launched on 11-May-22. Here is all you need to know about this IPO.
Venus Pipes & Tubes is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories - seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured. The company sells products in both domestic and international markets. Venus Pipes & Tubes exports its products to 18 countries including Brazil, the UK, Israel and countries in the European Union, etc.
VENUS PIPES & TUBES LTD. IPO Details | |
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Issue Opening Date | 11-May-22 |
Issue Closing Date | 13-May-22 |
Issue Type | ONLY FRESH CAPITAL |
Issue Size (INR bn) | 1.7 |
Fresh Issue (No.of shares) | 5,074,100 |
Offer for Sale (No.of shares) | - |
Face Value (INR) | 10.00 |
IPO Price Band (INR) | 310 to 326 |
Market Lot (No.of shares) | 46 |
Min Order Quantity | 46 |
Listing At | BSE / NSE |
Pricing Method | BOOKBUILDING |
Year of Incorporation | 2015 |
Industry | STEEL TUBES/PIPES/WIRES/PRODUCTS |
Total Issue Size (No.of shares) | 5,074,100 |
Objects Of Issue | FINANCING THE PROJECT COST TOWARDS CAPACITY EXPANSION, TECHNOLOGICAL UPGRADATION, COST OPTIMIZATION OF OUR OPERATIONS AND SUPPORT TO THE MANUFACTURING FACILITY AND BACKWARD INTEGRATION FOR MANUFACTURING OF HOLLOW PIPES #LONG-TERM WORKING CAPITAL REQUIREMENTS #GENERAL CORPORATE PURPOSES #ISSUE RELATED EXPENSES |
Registrar Details | KFIN TECHNOLOGIES LTD. |
VENUS PIPES & TUBES LTD. IPO Timetable | |
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Bid/Offer Launch Date | 11-May-22 |
Bid/Offer Close Date | 13-May-22 |
Basis of Allotment Finalization Date | - |
Initiation of Refunds | - |
Credit of Shares to Demat Account | - |
Listing Date | 24-May-22 |
VENUS PIPES & TUBES LTD. IPO Shares Offered | |
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Category | Shares Offered |
QIB | 2,537,050 |
HNI | 761,115 |
Retail | 1,775,935 |
Employee | - |
Others | - |
Total | 5,074,100 |
VENUS PIPES & TUBES LTD. IPO Promoter Holding | |
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Pre Issue Share Holding | 64% |
Post Issue Share Holding | 48% |
VENUS PIPES & TUBES LTD. Overall Subscription details (Times subscribed) | |
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Category | Subscription Status |
QIB | 5.36 |
HNI | 14.76 |
Retail | 13.33 |
Employee | - |
Others | - |
Total | 9.56 |
VENUS PIPES & TUBES LTD. Date wise Subscription | |||||||
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Date | QIB | HNI | Retail | Employee | Mutual Funds | Others | Total |
Day 1 (11-May-22) | 0.38 | 0.98 | 4.10 | - | - | - | 1.95 |
Day 2 (12-May-22) | 0.38 | 2.59 | 7.52 | - | - | - | 3.39 |
Day 3 (13-May-22) | 11.80 | 15.66 | 19.04 | - | 16.25 | - | 11.72 |
VENUS PIPES & TUBES LTD. Financials | ||||
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Year Ending | 31-Mar-19 | 31-Mar-20 | 31-Mar-21 | |
Total Income | (Rs m) | 1,205.10 | 1,793.20 | 3,120.30 |
Total Expenditure | (Rs m) | 1,155.60 | 1,728.30 | 2,810.80 |
Net Profit After Tax | (Rs m) | 37.50 | 41.30 | 37.50 |
Company Address | SURVEY NO.233/2 & 234/1,DHANETI, BHUJ, KACHCHH 370020, GUJARAT |
Data Sourced from:
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Below is the schedule for the same:
VENUS PIPES & TUBES LTD. IPO
IPO opens on: 11-May-22
IPO closes on: 13-May-22
The lot size of VENUS PIPES & TUBES LTD. IPO is 46 shares. Investors will need to apply for a minimum order of 46 shares and in multiples thereof.
An investor can apply in VENUS PIPES & TUBES LTD. IPO online using either UPI or Application Supported by Blocked Amount (ASBA) as payment method.
While ASBA IPO application is available in the net banking section, UPI IPO application is offered by brokers who don't offer banking services.
The tentative finalization of basis of allotment for VENUS PIPES & TUBES LTD. IPO will be done on -, and the allotted shares will be credited to your demat account by -.
The tentative listing date of VENUS PIPES & TUBES LTD. IPO is scheduled for 24-May-22.
Shares of VENUS PIPES & TUBES LTD. are expected to list on BSE / NSE.
At present, one share of VENUS PIPES & TUBES LTD. has a face value of Rs 10.00.
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