Venus Pipes and Tubes Limited IPO
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Venus Pipes & Tubes Limited IPO
Venus Pipes & Tubes Limited is one of the growing stainless-steel pipes and tubes manufacturer and exporter in India having over 6 years of experience in manufacturing of stainless-steel tubular products in two broad categories: (i) seamless tubes/pipes; and (ii) welded tubes/pipes, under which we are currently manufacturing five product lines under the brand name “Venus”:
(i) stainless steel high precision & heat exchanger tubes
(ii) stainless steel hydraulic & instrumentation tubes;
(iii) stainless steel seamless pipes
(iv) stainless steel welded pipes
(v) stainless steel box pipes
The company also supply Products for applications in diverse sectors including chemical, engineering, fertilizers, pharmaceuticals, power, food processing, paper and oil & gas. Venus Pipes & Tubes has one manufacturing plant located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat). As of February 28, 2022, their Manufacturing Facility has a total installed capacity of 10,800 MT per annum.
Company Promoters:
• Megharam Sagramji Choudhary
• Jayantiram Motiram Choudhary
• Dhruv Mahendrakumar Patel
• Arun Axaykumar Kothari.
Objects of this Issue:
• To finance the project cost towards capacity expansion, technological upgradation, cost optimization of operations and support to the manufacturing facility and backward integration for manufacturing of hollow pipes.
• To meet the long-term working capital requirements.
• General corporate purposes.
Financial Information of the Company:
| Amount in Million (Rs.) | ||
As on 31 Mar 2021 | As on 31 Mar 2020 | As on 31 Mar 2019 | |
Total Assets | 1,375.39 | 1,071.91 | 791.23 |
Total Liabilities | 976.07 | 909.15 | 669.69 |
Net Profit | 236.32 | 41.28 | 37.50 |
The offer:
Particulars | Shares Available for allotment | Percentage of Shares Available for allotment |
QIB | Not more than 25,37,050 Equity Shares | Not more than 50% of the net offer size |
Non-Institutional Portion | Not less than 7,61,115 Equity Shares | Not less than 15% of the net offer size |
Retail | Not less than 17,75,935 Equity Shares | Not less than 35% of the net offer size |
Eligible Employees |
| - |
Net offer size | 50,74,100 Equity Shares | N/A |
Issue Open | 11 May 2022 |
Issue Close | 13 May 2022 |
IPO Price | ₹310 – ₹326 per equity share |
Face Value | ₹10 per equity share |
IPO Size | ₹165.42 Cr. |
Listing At | NSE, BSE |
IPO Lot Size | 46 Shares |
Pre-Issue Share Holding | 64.27% |
Post-Issue Share Holding | 48.20% |
1. Bid or Offer Opens on: 11 May 2022
2. Bid or Offer Closes on: 13 May 2022
3. Finalization of BoA: 19 May 2022
4. Initiation of Refunds: 20 May 2022
5. Credit of shares to demat account: 23 May 2022
6. Listing Date: 24 May 2022
Venus Pipes & Tubes Limited IPO Lot Size
Market lot size of the Venus Pipes & Tubes Limited IPO is 46 shares. Minimum and Maximum order quantity is as follows:
Company Contact Details:
Application | Lots | Shares | Amount |
Minimum | 1 | 46 | ₹14,996 |
Maximum | 13 | 598 | ₹1,94,948 |
Venus Pipes & Tubes Limited
Survey No. 233/2 and 234/1,
Dhaneti, Bhuj, Kachchh – 370020,
Gujarat, India.
Phone: +91 2836 232 183/84
Email: cs@venuspipes.com
Website: https://www.venuspipes.com/
Venus Pipes & Tubes Limited IPO Registrar Details:
KFin Technologies Limited
Selenium, Tower B, Plot No- 31 and 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad,
Rangareddi – 500032, Telangana, India.
Phone: +9140 6716 2222
Email: venus.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Frequently Asked Question
Pre-issue shareholding of the Venus Pipes & Tubes IPO promoter is 64.27%.
Face value of equity shares of Venus Pipes & Tubes IPO is ₹10.
Market lot size of the Venus Pipes & Tubes IPO is 46 shares.
Venus Pipes & Tubes IPO will be closed on May 13, 2022.
If you do not get the allotment of Venus Pipes & Tubes shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Post-issue shareholding of the Venus Pipes & Tubes IPO promoter is 48.20%.
You will receive the allotted shares in your demat account on May 23, 2022.
Venus Pipes & Tubes shares will get listed at BSE and NSE.
Minimum and Maximum order quantity for Venus Pipes & Tubes IPO is 1 lot and 13 lots respectively.
You can apply for an IPO from any place by using internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in Venus Pipes & Tubes IPO by using any one of these method as per your convenience.
Price of 1 share of Venus Pipes & Tubes IPO is ₹310 - ₹326.
Venus Pipes & Tubes IPO will get listed on May 24, 2022.
Venus Pipes & Tubes IPO is going to open on May 11, 2022.