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Venus Pipes & Tubes Limited IPO (Venus Pipes & Tubes IPO) Detail

May 11, 2022 - May 13, 2022

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.

Venus Pipes & Tubes IPO Details

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 Size5,074,100 shares
(aggregating up to ₹165.42 Cr)
Fresh Issue5,074,100 shares
(aggregating up to ₹165.42 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Venus Pipes & Tubes IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,014,864 (28.57%)NA
NII (HNI) Shares Offered761,115 (21.43%)
Retail Shares Offered1,775,935 (50.00%)38,607
Total Shares Offered3,551,914 (100%)

Venus Pipes & Tubes IPO Timeline (Tentative Schedule)

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

Venus Pipes & Tubes IPO Lot Size

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

Venus Pipes & Tubes IPO Promoter Holding

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%

About Venus Pipes & Tubes Limited

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:

  1. International Accreditations and product approvals.
  2. Specialised production of Stainless Steel Pipes and Tubes.
  3. Multi-fold demand for our Products.
  4. Customer Diversification.
  5. Experienced and Qualified Team.

Company Financials

Summary of financial Information (Restated)
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

Key Performance Indicator

The market capitalization of Venus Pipes & Tubes IPO is Rs 661.65 Cr.

Pre IPO Post IPO
P/E (x) 21.03

Objects of the Issue (Venus Pipes & Tubes IPO Objectives)

The company proposes to utilize the Net Proceeds raised through the Issue for the following objects:

  1. To meet long-term working capital requirements.
  2. General corporate purposes.
  3. Financing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.

Venus Pipes & Tubes IPO Review (May apply)

[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...

Venus Pipes & Tubes IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Venus Pipes & Tubes IPO Prospectus

Venus Pipes & Tubes IPO Rating

Rating:Rated 4.3 stars
Vote Here ...

Venus Pipes & Tubes IPO Listing Details

Listing Date May 24, 2022
BSE Script Code 543528
Final Issue Price ₹326 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Venus Pipes & Tubes Limited Contact Details

Venus Pipes & Tubes Limited
Survey No. 233/2 and
234/1, Dhaneti
Bhuj, Kachchh - 370020 Gujarat
Phone: +91 2836 232 183/84

Venus Pipes & Tubes IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Venus Pipes & Tubes IPO - Buy or Not

Venus Pipes & Tubes IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 1 0
Members 18 0 1

Read All Reviews Post Your Review Manage Reviews

Venus Pipes & Tubes IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Venus Pipes & Tubes IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Venus Pipes & Tubes IPO listing date is on May 24, 2022.
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Venus Pipes & Tubes IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



366. smart man |   Link |  Bookmark |June 28, 2022 12:20:26 PM
This scrip's on fire, regret selling it
365. iRFAN kHAN |   Link |  Bookmark |June 3, 2022 3:57:13 PM
Very Cold performance
364. Nikhil IPO Investor |   Link |  Bookmark |May 30, 2022 9:48:42 AM
I found good arbitrage in Venus Pipes shares today.. Almost 8 Rs gap.. Sold my Shares in NSE at 333 and brought it at BSE at 325.. .. The gap is still there between BSE and NSE so one can take advantage of it.
364.1. Vipin Agarwal |   Link |  Bookmark |May 30, 2022 11:03:51 AM
Venus is in T category (checked as per bse). So you have to have previous shares to be able to sell these shares. Each transaction is to be settled differently and also you can not do intraday trades on it.

So, you can arbitrage only if you have previous shares, that too only once.
364.2. ran |   Link |  Bookmark |June 1, 2022 7:41:10 PM
DiD you have previous shares in your DP ?
363. Ravu |   Link |  Bookmark |May 27, 2022 3:53:56 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
I think today, it was not bad as we might expect.
Very soon it will trade above 350.
362. Divya. |   Link |  Bookmark |May 26, 2022 5:20:36 PM
Venus pipes stuck in investors.
362.1. Divya. |   Link |  Bookmark |May 27, 2022 9:44:17 AM
Venus Not performing even when niftyi s in green.
361. lokes |   Link |  Bookmark |May 23, 2022 11:37:02 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
in my opinion, expected listing price here can be approx 350 to 360.....
since its in t2t group, so there are strong chances of hitting upper circuit after listing. Whoever holding multiple lots, better to book complete/partial profit next day of listing if it hits UC after listing. For new buying, please be aware, that with most brokers, we can sell it on friday only, not before that if we buy on tuesday and as per past experiences many times in t2t shares, it hits LC from third day(Thursday here) or fourth day (friday) so take risk accordingly for new buying. Company is good for holding medium/long term but in short term, movement can be there any side as per market sentiments and UC/LC but in some weeks it should stabilize like hariom pipes. I am allotted 1 lot here and will book profit after listing in 1-2 day if getting good price.
361.10. ColdBurger |   Link |  Bookmark |May 26, 2022 6:50:04 PM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
I sold my second lot at issue price after it keep hitting LC many time but it recovered few bucks later. If %5 circuit limit was not there then it might have gone much lower and may go lower for sure if market remain under pressure. In secondary market lot of quality time tested stock available at corrected price so it seems risky to hold new scrips in such tough time. Now I will not touch any IPO in near future it is frustrating in each every allotment.
361.11. lokes |   Link |  Bookmark |May 27, 2022 12:13:40 AM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
@coldburger: tomorrow is venus pipe "agni pariksha" , if its able to hold tomorrow then hopefully it will sustain in future also. Markets have recovered today so its LC also opened and tomorrow also market will open good as per sgx nifty and US markets currently so mostly venus should bear the pressure of selling tomorrow (from first day new buyers) and it will be stable like hariom pipes and won't keep going down like uma exports....i will hold and give it some time for my buying of 200 shares here in preopen....
360. Noorul |   Link |  Bookmark |May 24, 2022 10:02:45 AM
Added 700 more in preopen.
360.47. krupa |   Link |  Bookmark |May 26, 2022 12:35:15 PM (800+ Posts, 500+ Likes)
Mkt ka sentiment change hone ko time nahi lagta
Hold at least 3 moths to get better return
360.48. ultrasnow |   Link |  Bookmark |May 26, 2022 4:20:53 PM
@Krupa, thanks, Yeah it was a brain fade moment, and about Sigachi opening mucher higher than IPO price I believe SEBI new HNI rules have negated this possibilty to an extent
@lokes, thanks, No I will not be booking loss for now and have rarely used a stop loss. I like to hold a stock for around 18 months before exit, except in case of massive change in financials.
I broke this rule for LIC though and sold on listing day
359. krupa |   Link |  Bookmark |May 26, 2022 12:38:40 PM (800+ Posts, 500+ Likes)
Rainbow is very strong in this mkt
If mkt reverse rainbow must come above ipo price
359.1. Have Faith 🙏 |   Link |  Bookmark |May 26, 2022 3:47:57 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Rainbow is strong because of results which will be declared tomorrow… was near 490 when market was down in morning and when market recovered it touched 496 but near 490 even are market recovery ….if results came good tomorrow then i think it will cross its issue price otherwise don’t know
358. Nikhil IPO Investor |   Link |  Bookmark |May 26, 2022 1:43:28 PM
Thanks @Lokes and @Noorul and others for your inputs.

I will keep it for long and possibly average if it goes down by 10 - 15 per cent from these levels. Anyways overall most midcaps and small caps are down and I guess sentiments should improve in 3 - 6 months timeframe..
357. Divya. |   Link |  Bookmark |May 26, 2022 10:16:37 AM
Trapped in venus after rainbow and lic.
356. krupa |   Link |  Bookmark |May 25, 2022 10:11:13 AM (800+ Posts, 500+ Likes)
It's very difficult to make profit in this type of mkt
Lagta he ab 6 moths tak profit bhul jana padega(in any issue)
356.3. ColdBurger |   Link |  Bookmark |May 25, 2022 3:12:32 PM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
😂😂😂😣Ab wait karne ke alawa koi chara nahi. Acha kiya ek lot 355 par nikaal diya.
356.4. Naughty ipo |   Link |  Bookmark |May 25, 2022 4:16:25 PM
Seems like Ipo party is over...
355. Regulagedda Ambica Prasad |   Link |  Bookmark |May 25, 2022 1:21:35 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Accumulating from market at low levels. All metal shares are beaten since yesterday. This will appreciate in medium to long term.
354. Divya. |   Link |  Bookmark |May 25, 2022 12:21:55 PM
Hold venus for 2 months it will get double from todays price.
353. ipo share |   Link |  Bookmark |May 25, 2022 11:01:37 AM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
The only ipo handled previously by current lead manager is jinaams dress Ltd sme ipo @ 59 per share in Apr 2019. Today it is trading @ 2.39.
Lead manager performance doesn't give any confidence So I am little sceptical.
353.1. smart man |   Link |  Bookmark |May 25, 2022 12:08:57 PM
True, sad situation, besides its a T group scrip, how are holders allowed to sell so soon
352. Ravu |   Link |  Bookmark |May 25, 2022 11:39:31 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
So far 40% traded , out of that one 1.5L bulk sell order.
351. krupa |   Link |  Bookmark |May 25, 2022 9:34:03 AM (800+ Posts, 500+ Likes)
Lc lagakar panic karvake retailer ka maal le liya big people ne
351.3. ColdBurger |   Link |  Bookmark |May 25, 2022 10:35:46 AM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
@Krupa: If 'maal' is so good and premium then why not they are lifting it all at mere 336-340? Almost near IPO price. So I don't believe that someone is lifting but I know big or small everyone is taking step very cautiously to reduce the chances of loss 😒
351.4. krupa |   Link |  Bookmark |May 25, 2022 11:22:38 AM (800+ Posts, 500+ Likes)
Abhi to mkt wait and watch mode per he
Wait till 3 months
But intraday and daily trading karne walo ko ye sab samaj me nahi aayega
350. ipo share |   Link |  Bookmark |May 25, 2022 11:11:28 AM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
Jinaams dress never reached ipo price. This time atleast lead manager has managed to cross ipo of venus pipes.
350.1. ipo share |   Link |  Bookmark |May 25, 2022 11:15:29 AM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
Atleast managed to cross ipo price of venus pipes.
349. COOPER |   Link |  Bookmark |May 25, 2022 10:42:08 AM
can anyone explain what happened with venus, why it fell today?
hold or sell now?
349.1. Divya. |   Link |  Bookmark |May 25, 2022 10:46:52 AM
Sell immediately
349.2. COOPER |   Link |  Bookmark |May 25, 2022 10:54:47 AM
okay, thanks @divya
348. smart man |   Link |  Bookmark |May 25, 2022 10:54:40 AM
Everyone had a bad experience with rainbow & Lic... But this is a T group scrip, how are holders allowed to sell, heavy selling pressure is bringing the scrip down... Besides everything, this scrip had an excellent subscription , price should not fall,
confusing situation
347. ColdBurger |   Link |  Bookmark |May 25, 2022 9:35:08 AM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
@Chittlrgarh Admin:

I notice whenever on laptop i refresh a page it scrolls to bottom which is not a pleasant feeling as again i have to scroll back to top. On mobile(chrome) this issue is not present. Is there any valid reason/cause for this behaviour?
347.3. ColdBurger |   Link |  Bookmark |May 25, 2022 10:05:22 AM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
More observation, scroll to bottom occurs when i am someway down on the page. If I am near top of the page then this issue not notice. Seems some logic is there to track how much scrolled is the page and accordingly some logic is applied to either keep on top or scroll to bottom. It will be great if scrolls back to same message (first one displaying before scroll) . I know that is possible by using local storage variable. Tracking which message is on top is doable thing.
347.4. Team |   Link |  Bookmark |May 25, 2022 10:37:57 AM
IPO Mentor IPO Mentor (900+ Posts, 1500+ Likes)
Thank you for your kind feedback.
We reproduced the problem at our end. Our tech team to working on it.

Thank you,
Admin @

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