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Venus Pipes and Tubes IPO Details, GMP, Financial, Open Date, and Lot Size

IPO Status: Closed [11th May 2022 to 13th May 2022]

Rated 3.5 stars Rated 3.5/5 by Team TopShareBrokers
Venus Pipes and Tubes IPO Detail

Venus Pipes & Tubes IPO through a fresh issue of 50,74,100 shares worth issue size of Rs. 165.42 Cr to hit the market soon to list on the BSE and NSE platform. Venus Pipes & Tubes IPO opens on May 11, 2022, and closes on May 13, 2022. The IPO price band is fixed at Rs. 310 - Rs. 326 and lot size is 46 shares.. Stay updated with us to know more about the Venus Pipes and Tubes IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.

Venus Pipes and Tubes IPO Details

IPO Issue Opening Date: 11th May 2022
IPO Issue Closing Date: 13th May 2022
IPO Issue Price: ₹310-326 Per Share
DRHP: View DRHP
RHP: View RHP
IPO Listing At: BSE, NSE
Retail Quota: 35%
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹165.42 Cr
Fresh Issue: 50,74,100 equity shares at ₹310-326 [Aggregating to ₹ 165.42 Cr]
Face Value: ₹10 Per Equity Share
IPO Discount: TBD
Promoter Holding Pre IPO: 64.27%
Promoter Holding Post IPO: 48.20%
Allotment Status: Allotment Status
BSE Code: 543528
NSE Code: VENUSPIPES

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IPO Live GMP IPO Live GMP

Venus Pipes and Tubes IPO Important Dates

In this section we have covered all important dates related to Venus Pipes and Tubes IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Venus Pipes and Tubes IPO important dates
IPO Activity Date
IPO Issue Open 11th May 2022
IPO Issue Close 13th May 2022
Basis of Allotment Date* 19th May 2022
Refunds Initiation* 20th May 2022
Credit of Shares to Demat* 23rd May 2022
IPO Listing Date* 24th May 2022

* - Tentative Dates

Venus Pipes and Tubes IPO Lots

IPO Activity Date
Issue Price ₹310-326
Market Lot: 46 Shares
1 Lot Amount: ₹14996
Max Retail Lots: 598 shares (13 lots)
Min HNI Lots: 644 shares (14 lots)

About Company - Venus Pipes and Tubes

Venus Pipes and Tubes Limited is one of the growing stainless steel pipes and tubes manufacturer and exporter in India. The company manufactures stainless steel tubular products in two categories; 1 seamless tubes or pipes, 2. welded tubes or pipes. It is currently manufacturing 5 product lines, (i) stainless steel high precision & heat exchanger tubes; (ii) stainless steel hydraulic & instrumentation tubes; (iii) stainless steel seamless pipes; (iv) stainless steel welded pipes; and (v) stainless steel box pipes. It supplies goods under the "Venus" brand name to diverse sectors such as chemicals, engineering, fertilizers, pharmaceuticals, power, food processing, paper, and oil & gas.

The company has 1 strategically located manufacturing plant at Bhuj-Bhachau highway, Dhaneti with close proximity to Kandla and Mundra port to procure raw material from domestic suppliers, stockists and traders, and international suppliers in Indonesia, China, Malaysia, and Singapore. The firm also export its products to 18 countries such as Brazil, UK, Israel and countries in the European Union.

As of October 31, 2021, its manufacturing facility has a total installed capacity of 10,800 MT per annum.

Venus Pipes and Tubes IPO Strengths

  • One of the well-established market players in the stainless steel pipes or tubes segment.
  • Specialised production of stainless steel pipes and tubes.
  • Diversified customer base geographically and across sectors.
  • International export to 18+ countries i.e., Austria, Belgium, Germany, France, Italy, Oman, UAE, UK, etc.
Incorporation Sector IPO Issue Size Website
2015 Steel ₹165.42 Cr http://www.venuspipes.com/

Venus Pipes and Tubes IPO Objective

The net proceeds from the IPO to be utilized towards the following purposes;

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

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Venus Pipes and Tubes IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 1,014,864 Shares
  • Non-Institutional Investors: 761,115 Shares
  • Retail Individual Investor: 1,775,935 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered1,014,864 (28.57%)761,115 (21.43%)1,775,935 (50%)3,551,914
111th May 2022 17:020.36x0.98x4.10x2.36x
212th May 2022 17:020.36x2.59x7.52x4.42x
313th May 2022 17:026.07x10.65x13.50x10.77x

Venus Pipes and Tubes Financials for past 3 Years

Past performance and financial results of Venus Pipes and Tubes.

Venus Pipes and Tubes financial
Venus Pipes & Tubes IPO Financials (₹ in Cr) 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹137.54 ₹107.19 ₹79.12
Total Income ₹312.03 ₹179.32 ₹120.51
Net Profit/Loss ₹23.63 ₹4.13 ₹3.75

Company Address

Venus Pipes & Tubes Limited
Survey No. 233/2 and 234/1, Dhaneti, Bhuj,
Kachchh,Gujarat-370020
India
Website: http://www.venuspipes.com/
Phone: +91 2836 232 183/84
Email: [email protected]

Venus Pipes and Tubes IPO Registrar

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://karisma.kfintech.com/
Phone: 04067162222, 04079611000
Email: [email protected]

Venus Pipes and Tubes IPO Lead Manager

  1. SMC Capitals Limited
Venus Pipes and Tubes IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Venus Pipes and Tubes? Should I apply in Venus Pipes and Tubes IPO?

Last Updated on 2022-05-24T11:58:33+00:00

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Venus Pipes and Tubes IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Venus Pipes and Tubes IPO with Zerodha.

Alternate approch to apply in Venus Pipes and Tubes IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Venus Pipes and Tubes IPO Review and Important Updates

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Apply in Venus Pipes and Tubes IPO online

To subscribe or apply in Venus Pipes and Tubes IPO, you can use the following methods:

Venus Pipes and Tubes IPO Applying ModeMethodDetails
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Venus Pipes and Tubes IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Venus Pipes and Tubes IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Venus Pipes and Tubes IPO. Most of the Syndicate Banks provide access to apply in Venus Pipes and Tubes IPO via ASBA process. You must have your net banking access, DP ID information to apply in Venus Pipes and Tubes IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Venus Pipes and Tubes IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Venus Pipes and Tubes IPO Review and Important Updates

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Applying in Venus Pipes and Tubes IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Venus Pipes and Tubes IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply Venus Pipes and Tubes IPO, please refer article >> Link

Venus Pipes and Tubes IPO Review and Important Updates

Steps to download the online application form for Venus Pipes and Tubes IPO

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 46 and max 598 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

Other relevant questions:

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Venus Pipes and Tubes IPO is going to be list on 24-05-2022. NSE Code for Venus Pipes and Tubes is VENUSPIPES. BSE Code for Venus Pipes and Tubes is 543528.

Other relevant questions:

When Venus Pipes and Tubes IPO will be listing? Venus Pipes and Tubes IPO NSE listing date?Venus Pipes and Tubes IPO date of listing.Venus Pipes and Tubes IPO BSE listing date?

 

Venus Pipes and Tubes IPO Allotment Date is 19-05-2022.

Other relevant questions:

Venus Pipes and Tubes IPO share allotment date?Venus Pipes and Tubes IPO allotment date?

 


User Reviews

avatar
6. Vinay Jain May 03 2022 01:59:52 PM Reply
Venus Pipes & Tubes Limited file RHP with SEBI on 2-May-2022

Issue Date : 11-May to 13-May, 2022
Fresh : 50,74,100 Shares
Retail : 35%
FV : ₹10

IPO Open : 11-May-2022
IPO Close : 13-May-2022
Basis of Allotment : 19-May-2022
Initiation of Refunds: 20-May-2022
Credit of Shares : 23-May-2022
IPO Listing Date : 24-May-2022
avatar
5. pawandeep singh  Apr 19 2022 07:15:53 AM Reply
Venus Pipes & Tubes IPO expected listing gain.
avatar
4. Suman sharma Apr 19 2022 07:15:53 AM Reply
Please confirm Venus Pipes & Tubes IPO GMP (grey market premium) and kostak.
avatar
3. abdul rahman ashir Apr 19 2022 07:15:53 AM Reply
Venus Pipes & Tubes IPO good or bad.
avatar
2. Sathya ramaraju Apr 19 2022 07:15:53 AM Reply
Venus Pipes & Tubes IPO whether to invest or not.
avatar
1. Dhananjay Arun Jogdeo Apr 19 2022 07:15:53 AM Reply
Venus Pipes & Tubes IPO - CRISIL Rating, Apply or not?.