Venus Pipes & Tubes Limited IPO
MainboardSteel & Iron Products
Listed On: May 24, 2022 at ₹ 337.50(NSE)
₹ 14996 /46 Shares
Check Allotment11 May, 2022
Open Date13 May, 2022
Close Date19 May, 2022
Allotment Date24 May, 2022
Listing DatePrice Summary
Last Closing
1,309.00 (301.53%)52 Week High
1,965.0052 Week Low
1,005.30Last Update
20-Oct-2025 3:30 PMIPO Issue Details
- Issue Price ₹310-326 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price Fresh Issue : 5,074,100 shares of ₹10(aggregating up to ₹165.42 Cr)
- Listing at BSE, NSE
- List Price 337.50(NSE)
- Listing Date 2022-05-24
- Lead Manager SMC Capitals Limited
- Registrar KFin Technologies Limited
IPO Details
- Retail Portion 35% (Number of Retail Applications : 38,600 Approx)
IPO Details
The IPO of is priced at ₹310-326 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from May 11, 2022 and ends on May 13, 2022. The allotment for IPO will be finalized on May 19, 2022. IPO will be listed on BSE, NSE, with a tentative listing date fixed as May 24, 2022. The company shall list its equity shares on the BSE, NSE. KFin Technologies Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are SMC Capitals Limited.
The IPO sets its price band at 310-326 for each share. A single application for Venus Pipes & Tubes Limited IPO must contain at least 46 shares.
IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 1,014,864 | 761,115 | 1,775,935 | 3,551,914 |
Day 1 11-05-22 05:00 PM | 0.36 x | 0.98 | 4.10 x | 2.36 x |
Day 2 12-05-22 05:00 PM | 0.36 x | 2.59 | 7.52 x | 4.42 x |
Day 3 13-05-22 05:00 PM | 12.02 x | 15.66 | 19.04 x | 16.31 x |
Valuations
Company Financials
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
|---|---|---|---|---|
| Assets | 137.53 | 107.19 | 79.12 | N/A |
| Revenue | 312.03 | 179.32 | 120.50 | N/A |
| Profit After Tax | 23.63 | 4.12 | 3.75 | N/A |
About Company
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.
Read More- Promoter(s)
Megharam Sagramji Choudhary
Jayantiram Motiram Choudhary
Dhruv Mahendrakumar Patel
Arun Axaykumar Kothari
Pre Issue Share Holding : 64.27%
Post Issue Share Holding : 48.20%
IPO - Issue Objectives
To meet long-term working capital requirements.
General corporate purposes.
inancing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.
IPO - Anchor Investors
Venus Pipes & Tubes raises Rs 49.62 crore from anchor investors ahead of IPO.
Nippon India Small Cap Fund has bought 7 lakh equity shares of Venus Pipes and Kotak Mahindra Life Insurance Company 6.06 lakh shares through the anchor book. India SME Investments-Fund 1 also participated in the offer and acquired 2.15 lakh shares of the company.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Venus Pipes | 4.12 | 28 | 59.18% | 312 |
| Jindal Saw | 0.41 | 6 | 8.02% | 10,664 |
| Ratnamani Metals | 5.45 | 35 | 18.60% | 2,298 |
IPO - FAQs
Ans. Venus Pipes & Tubes Limited IPO is a Mainboard IPO. The issue is priced at ₹310-326 per equity 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.
Ans. The Venus Pipes & Tubes Limited IPO opens on May 11, 2022 and closes on May 13, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Venus Pipes & Tubes Limited IPO is Fresh Issue : 5,074,100 shares of ₹10(aggregating up to ₹165.42 Cr).
Ans. The Venus Pipes & Tubes Limited IPO price band is set between ₹310-326 per equity share.
Ans. To apply for Venus Pipes & Tubes Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Venus Pipes & Tubes Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Venus Pipes & Tubes Limited IPO is May 19, 2022.
Ans. The Venus Pipes & Tubes Limited IPO will be listed on May 24, 2022.
Ans. Follow the steps to check the Venus Pipes & Tubes Limited IPO allotment status online.
