Venus Pipes IPO date is fixed, the IPO is going to hit the market on May 11 and will close on May 13, 2022. Venus Pipes & Tubes IPO to raise around ₹165.42 crores via IPO that comprises fresh issue of 5,074,100 equity shares and offer for sale up to [.] equity shares of ₹10 each. The retail quota is 35% while QIB is 50% and HNI is 15%.
Venus Pipes has filed preliminary papers with capital market regulator SEBI to raise funds worth ₹165.42 crores via a public issue that comprises a fresh issue of ₹165.42 crores and offer for sale up to 5,074,100 equity shares of ₹10 each. Venus Pipes & Tubes Limited 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 namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes.
Venus Pipes & Tubes Limited has one manufacturing plant which is located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat) with an installed capacity of 10,800 MT per annum.
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.
Competitive Strengths:
- International Accreditations and product approvals.
- Specialized production of Stainless Steel Pipes and Tubes.
- Multi-fold demand for our Products.
- Customer Diversification.
- Experienced and Qualified Team.
Check out Venus Pipes IPO and GMP details.
Venus Pipes IPO Date & Price Band:
| IPO Opening Date | May 11, 2022 |
| IPO Closing Date | May 13, 2022 |
| Delhivery IPO Face Value | ₹10 per share |
| Delhivery IPO Price | ₹310 to ₹326 per share |
| Delhivery IPO Lot Size | 46 Shares |
| Issue Size | 5,074,100 shares of ₹10 (aggregating up to ₹165.42 Cr) |
| Fresh Issue | 5,074,100 shares of ₹10 (aggregating up to ₹165.42 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not less than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
| Company Promoters | Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel, and Arun Axaykumar Kothari are the company promoters. |
Venus Pipes IPO Tentative Timetable
Venus Pipes IPO opens on May 11, 2022, and closes on May 13, 2022. The Prudent Corporate IPO bid date is from May 11, 2022, 10.00 A.M. to May 13, 2022, 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| IPO Open Date | May 11, 2022 |
| IPO Close Date | May 13, 2022 |
| Basis of Allotment Date | May 19, 2022 |
| Initiation of Refunds | May 20, 2022 |
| Credit of Shares to Demat Account | May 23, 2022 |
| IPO Listing Date | May 24, 2022 |
Venus Pipes IPO Market Lot:
The Venus Pipes IPO lot size is 46 shares. A retail-individual investor can apply for up to 13 lots ( 598 shares or ₹194,948).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 46 | ₹14,996 |
| Maximum | 13 | 598 | ₹194,948 |
Venus Pipes Company Financial:
| Particulars | For the year/period ended (Rs in Million) | |||
|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 2,462.76 | 1,375.39 | 1,071.91 | 791.23 |
| Total Revenue | 2,782.80 | 3,120.31 | 1,793.22 | 1,205.06 |
| Profit After Tax | 235.95 | 236.32 | 41.28 | 37.50 |
Venus Pipes IPO Reviews / Ratings
- Updates Soon
Brokerage Firm IPO Reviews for Venus Pipes IPO
- ICICI Securities: Adding Soon
- Motilal Oswal: Adding Soon
- Capital Market: Adding Soon
- Ventura Securities Limited: Adding Soon
- KR Choksey: Adding Soon
- AXIS Capital Ltd: Neutral
Read Also:-
- Venus Pipes IPO GMP (Grey Market Premium)
- Venus Pipes IPO Subscription Status
- Venus Pipes IPO Allotment Status
Venus Pipes IPO Form:
How to apply for the Venus Pipes IPO? You can apply for Venus Pipes IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Venus Pipes IPO in the Invest section. The other option is you can apply to Venus Pipes IPO via IPO forms downloaded via NSE and BSE. Check out the Venus Pipes IPO forms - click NSE Forms & BSE Forms blank Venus Pipes IPO forms download, fill, and submit in your bank or with your broker.
Venus Pipes IPO Registrar:
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: venus.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Venus Pipes IPO Lead Managers:
- Emkay Global Financial Services Ltd
- InCred Capital Financial Services Pvt Ltd
Venus Pipes Company Address:
Venus Pipes & Tubes 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/
Venus Pipes & Tubes IPO FAQs
What is Venus Pipes & Tubes IPO?
Venus Pipes & Tubes IPO is a main-board IPO. They are going to raise ₹165.42 Crores via IPO. The issue is priced at ₹310 to ₹326 per equity share. The IPO is to be listed on BSE & NSE.
When Venus Pipes & Tubes IPO will open?
The IPO is to open on May 11, 2022, for QIB, NII, and Retail Investors.
What is Venus Pipes & Tubes IPO Investors Portion?
The investors' portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Venus Pipes & Tubes IPO?
You can apply for Venus Pipes & Tubes IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Venus Pipes & Tubes IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "Venus Pipes & Tubes". Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Venus Pipes & Tubes IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name "Venus Pipes & Tubes". Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
How to Apply the Venus Pipes & Tubes IPO through Paytm Money?
Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name "Venus Pipes & Tubes". Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
What is Venus Pipes & Tubes IPO Size?
Venus Pipes & Tube's IPO size is ₹165.42 crores.
What is Venus Pipes & Tubes IPO Price Band?
Venus Pipes & Tubes IPO Price Band is ₹310 to ₹326.
What is Venus Pipes & Tubes IPO Minimum and Maximum Lot Size?
The minimum bid is 46 Shares with ₹14,496 amount while the maximum bid is 598 shares with ₹194,948.
What is the Venus Pipes & Tubes IPO Allotment Date?
Venus Pipes & Tube's IPO allotment date is May 19, 022.
What is the Venus Pipes & Tubes IPO Listing Date?
Venus Pipes & Tubes IPO listing date is May 24, 022. The IPO is to list on BSE and NSE.
