Venus Pipes IPO date is fixed, the IPO is to hit the market on May 11 and will close on May 13, 2022. Venus Pipes & Tubes IPO to raise around Rs.165 crores via IPO that comprises fresh issue of Rs.165 crores and offer for sale up to [.] equity shares of Rs.10 each. The retail quota is 35% while QIB is 50% and HNI is 15%. Gujarat Based Venus Pipes Limited is a manufacturer and exporter of stainless steel tubular products like stainless steel pipes and tubes. The company's manufacturing plant is located in Kutch, Gujarat, The production facility is spread across 11 acres area. They have an installed capacity of 10,800 MT per annum. The company has a global presence in more than 18 countries internationally. Venus Pipes product range includes Stainless Steel High Precision and Heat Exchanger Tubes, Stainless Steel Hydraulic and Instrumentation Tubes, Stainless Steel Seamless Pipes, Stainless Steel Welded Pipes, and Stainless Steel Box Pipes. They sell their products in local markets of India and countries including Brazil, the UK, Israel, and European Union, etc.
Venus Pipes IPO Date, Size & Price Band
| Venus Pipes IPO Date | 11 – 13 May 2022 |
| IPO Price Band | INR310 – 326 per share |
| Fresh issue | 50,74,100 equity shares (INR157.3 – 160.34 crore) |
| Offer For Sale | Nil |
| Total IPO size | 50,74,100 equity shares (INR157.3 – 160.34 crore) |
| Minimum bid (lot size) | 46 shares (INR14,996) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Venus Pipes IPO Lot
Size
The Venus Pipes IPO minimum market lot is 46 shares with ₹14,996 application amount. The retail investors can apply up-to
13 lots with 598 shares or ₹194,948 amount.
Venus Pipes IPO
Allotment & Listing Dates
The Venus Pipes IPO date is May 11 and the close date is May
13. The Venus Pipes IPO allotment will be finalized on May 19 and the IPO
listing on May 24.
Venus Pipes Company Financial Report
| Rs. in Crores | |||||
| Revenue | Expense | PAT | |||
| 2019 | Rs.121 | Rs.116 | Rs.3.75 | ||
| 2020 | Rs.179 | Rs.172 | Rs.4.13 | ||
| 2021 | Rs.312 | Rs.281 | Rs.23.63 | ||
| 2022 3M | Rs.82 | Rs.73 | Rs.6.81 | ||
Peer Group
- Jindal Saw Limited
- Ratnamani Metal & Tubes Limited
Company Promoters
- Megharam Sagramji Choudhary
- Jayantiram Motiram Choudhary
- Dhruv Mahendrakumar Patel
- Arun Axaykumar Kothari
Venus Pipes IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: venus.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Venus Pipes IPO Allotment Status Check
Check Venus Pipes IPO allotment status on KFintech website allotment URL. Click Here
Venus Pipes IPO Lead Managers
- Emkay Global Financial Services Ltd
- InCred Capital Financial Services Pvt Ltd
Company Address
Venus Pipes Limited
Survey No. 233/2 and 234/1, Dhaneti
Bhuj, Kachchh - 370020 Gujarat
Phone: +91 2836 232 183/84
Email: cs@venuspipes.com
Website: https://www.venuspipes.com/
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