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Venus Pipes & Tubes IPO is a book built issue of Rs 165.42 crores. The issue is entirely a fresh issue of 0.51 crore shares.
Venus Pipes & Tubes IPO bidding started from May 11, 2022 and ended on May 13, 2022. The allotment for Venus Pipes & Tubes IPO was finalized on Thursday, May 19, 2022. The shares got listed on BSE, NSE on May 24, 2022.
Venus Pipes & Tubes IPO price band is set at ₹310 to ₹326 per share. The minimum lot size for an application is 46 Shares. The minimum amount of investment required by retail investors is ₹14,996.
Smc Capitals Limited is the book running lead manager of the Venus Pipes & Tubes IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Venus Pipes & Tubes IPO RHP for detailed information.
| IPO Date | May 11, 2022 to May 13, 2022 |
| Listing Date | May 24, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹310 to ₹326 per share |
| Lot Size | 46 Shares |
| Total Issue Size | 5,074,100 shares (aggregating up to ₹165.42 Cr) |
| Fresh Issue | 5,074,100 shares (aggregating up to ₹165.42 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Venus Pipes & Tubes IPO offers 3,551,914 shares. 1,014,864 (28.57%) to QIB, 761,115 (21.43%) to NII, 1,775,935 (50.00%) to RII. 38,607 RIIs will receive minimum 46 shares and (sNII) and (bNII) will receive minimum 644 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,014,864 (28.57%) | NA |
| NII (HNI) Shares Offered | 761,115 (21.43%) | |
| Retail Shares Offered | 1,775,935 (50.00%) | 38,607 |
| Total Shares Offered | 3,551,914 (100%) |
Venus Pipes & Tubes IPO opens on May 11, 2022, and closes on May 13, 2022.
| IPO Open Date | Wednesday, May 11, 2022 |
| IPO Close Date | Friday, May 13, 2022 |
| Basis of Allotment | Thursday, May 19, 2022 |
| Initiation of Refunds | Friday, May 20, 2022 |
| Credit of Shares to Demat | Monday, May 23, 2022 |
| Listing Date | Tuesday, May 24, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 13, 2022 |
Investors can bid for a minimum of 46 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,996 |
| Retail (Max) | 13 | 598 | ₹194,948 |
| Lot Size Calculator | |||
Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari are the company promoters.
| Share Holding Pre Issue | 64.27% |
| Share Holding Post Issue | 48.20% |
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:
| 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 | |
The market capitalization of Venus Pipes & Tubes IPO is Rs 661.65 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 21.03 |
The company proposes to utilize the Net Proceeds raised through the Issue for the following objects:
[Dilip Davda] Rising trends in commodity markets helped this company to post super performance and considering bright prospects, it is on an expansion spree. Based on its latest performance, the issue appears fully priced. Its capacity will be more than doubled post-expansion. As the issue is below Rs. 250 cr. its initial listing will be in “T” group with restricted circuits and that will remove speculative activities for the initial listing period. Investors may consider an investment with medium to long term perspectives. Read detail review...
The Venus Pipes & Tubes IPO is subscribed 16.31 times on May 13, 2022 5:00:00 PM. The public issue subscribed 19.04 times in the retail category, 12.02 times in the QIB category, and 15.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 12.02 |
| NII | 15.66 |
| Retail | 19.04 |
| Total | 16.31 |
| Listing Date | May 24, 2022 |
| BSE Script Code | 543528 |
| NSE Symbol | VENUSPIPES |
| ISIN | INE0JA001018 |
| Final Issue Price | ₹326 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹326.00 |
| ₹335.00 |
| ₹335.00 |
| ₹351.75 |
| ₹351.75 |
| NSE |
|---|
| ₹326.00 |
| ₹337.50 |
| ₹337.00 |
| ₹354.35 |
| ₹354.35 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: venus.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Venus Pipes & Tubes IPO is a main-board IPO of 5,074,100 equity shares of the face value of ₹10 aggregating up to ₹165.42 Crores. The issue is priced at ₹310 to ₹326 per share. The minimum order quantity is 46 Shares.
The IPO opens on May 11, 2022, and closes on May 13, 2022.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Venus Pipes & Tubes IPO using UPI as a payment gateway. Zerodha customers can apply in Venus Pipes & Tubes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Venus Pipes & Tubes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Venus Pipes & Tubes IPO opens on May 11, 2022 and closes on May 13, 2022.
Venus Pipes & Tubes IPO lot size is 46 Shares, and the minimum amount required is ₹14,996.
You can apply in Venus Pipes & Tubes IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Venus Pipes & Tubes IPO will be done on Thursday, May 19, 2022, and the allotted shares will be credited to your demat account by Monday, May 23, 2022. Check the Venus Pipes & Tubes IPO allotment status.
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