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

May 11, 2022 - May 13, 2022

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

Objects of the Issue:

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 Details

Venus Pipes & Tubes IPO Date May 11, 2022 to May 13, 2022
Venus Pipes & Tubes IPO Face Value ₹10 per share
Venus Pipes & Tubes IPO Price ₹310 to ₹326 per share
Venus Pipes & Tubes IPO Lot Size 46 Shares
Issue Size5,074,100 shares of ₹10
(aggregating up to ₹165.42 Cr)
Fresh Issue5,074,100 shares of ₹10
(aggregating up to ₹165.42 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
NII (HNI) Shares OfferedNot less 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 & Tubes IPO Timeline (Tentative Timetable)

Venus Pipes & Tubes IPO opens on May 11, 2022, and closes on May 13, 2022. The Venus Pipes & Tubes 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.

Event Date
Venus Pipes & Tubes IPO Opening Date May 11, 2022
Venus Pipes & Tubes IPO Closing Date May 13, 2022
Basis of Allotment May 19, 2022
Initiation of Refunds May 20, 2022
Credit of Shares to Demat May 23, 2022
Venus Pipes & Tubes IPO Listing Date May 24, 2022

Venus Pipes & Tubes IPO Lot Size

The Venus Pipes & Tubes 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 & Tubes IPO Promoter Holding

Pre Issue Share Holding 64.27%
Post Issue Share Holding 48.20%

Venus Pipes & Tubes IPO Review

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...

New Venus Pipes & Tubes IPO Recommendation by Members

Venus Pipes & Tubes IPO Recommendations Details | Post Recommendation | Manage Recommendations

Subscribe Neutral Avoid
18 0 1

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)
QIB12.02
NII15.66
Retail19.04
Total16.31

Venus Pipes & Tubes IPO Prospectus

Venus Pipes & Tubes IPO Rating

1585
4.3
Rating:Rated 4.3 stars
Vote Here ...

Venus Pipes & Tubes IPO Listing Date

Listing Date Tuesday, May 24, 2022
BSE Script Code 543528
NSE Symbol VENUSPIPES
Listing In T Group of Securities
ISIN INE0JA001018
IPO Price ₹326 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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 Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: venus.ipo@kfintech.com
Website: https://karisma.kfintech.com/

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 order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Venus Pipes & Tubes IPO will be done on May 19, 2022, and the allotted shares will be credited to your demat account by May 23, 2022. Check the Venus Pipes & Tubes IPO allotment status.

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

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