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VENUS PIPES & TUBES LTD. IPO: All You Need To Know

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
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
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
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
Pre Issue Share Holding 64%
Post Issue Share Holding 48%
VENUS PIPES & TUBES LTD. Overall Subscription details (Times subscribed)
Category Subscription Status
QIB 5.36
HNI 14.76
Retail 13.33
Employee -
Others -
Total 9.56
VENUS PIPES & TUBES LTD. Date wise Subscription
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
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
VENUS PIPES & TUBES LTD. IPO Prospectus
DRHP
RHP

Current & Recent IPOs  |  Upcoming IPOs  |  Performance of IPOs

Data Sourced from:

primedatabase.com is India's first and still the only database dedicated to the primary capital market. Started in 1989, Prime
continues to be the single source of comprehensive information on all capital market offerings.


Have A Question On VENUS PIPES & TUBES LTD. IPO?

When VENUS PIPES & TUBES LTD. IPO will open?

Below is the schedule for the same:

VENUS PIPES & TUBES LTD. IPO

IPO opens on: 11-May-22

IPO closes on: 13-May-22

What is the lot size of VENUS PIPES & TUBES LTD. IPO?

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.

How to apply for VENUS PIPES & TUBES LTD. IPO?

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.

When is VENUS PIPES & TUBES LTD. IPO allotment?

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 -.

When is VENUS PIPES & TUBES LTD. IPO listing date?

The tentative listing date of VENUS PIPES & TUBES LTD. IPO is scheduled for 24-May-22.

Where are the VENUS PIPES & TUBES LTD. shares supposed to be listed?

Shares of VENUS PIPES & TUBES LTD. are expected to list on BSE / NSE.

What is Face value of VENUS PIPES & TUBES LTD. IPO?

At present, one share of VENUS PIPES & TUBES LTD. has a face value of Rs 10.00.

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PLEASE NOTE:
The information in the web site has been compiled from sources we believe to to be reliable, but we do not hold ourselves responsible for its completeness or accuracy. This is not an offer to sell or a solicitation to buy any securities. Investors are advised to read the offer document before making an investment decision.