Venus Pipes and Tubes Limited

Venus Pipes and Tubes Limited

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₹14,996(46 Shares)

Minimum Investment

IPO Dates

May 11, 2022 – May 13, 2022

Price Band

₹310–326 per equity share

Lot Size

46

Listing

May 24, 2022

Listing At

BSE, NSE

May 11, 2022Open DateCompleted
May 13, 2022Close DateCompleted
TBAAllotment DateUpcoming
May 24, 2022Listing DateCompleted

Venus Pipes and Tubes Limited Live Subscription Details

All IPOs
Retail19.04x
QIB12.02x
NIIs
15.66x

Overall Subscription

Total Bids Received

16.31x

Venus Pipes and Tubes Limited IPO Issue Details

Issue Price
₹310-326 Per Equity Share
Face Value
₹10 Per Equity Share
Listing At
BSE, NSE
Listing Date
May 24, 2022

Company Information

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...

Valuations

RoNW

59.18%

Financial Information (₹ in Crores)

MetricFY 21FY 20FY 19FY 18
Total Assets137.53107.1979.12
Total Revenue312.03179.32120.5
Profit After Tax23.634.123.75
Net Worth

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

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

Venus Pipes and Tubes Limited – Promoter(s)

Megharam Sagramji Choudhary
Jayantiram Motiram Choudhary
Dhruv Mahendrakumar Patel
Arun Axaykumar Kothari

Contact Details

Venus Pipes and Tubes Limited IPO Documents

Frequently Asked Questions — Venus Pipes and Tubes Limited IPO

The Venus Pipes and Tubes Limited IPO price band is set at ₹310.00 to ₹326.00 per equity share.

The lot size for Venus Pipes and Tubes Limited IPO is 46 shares per lot. The minimum investment amount is approximately ₹14,996.

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

Venus Pipes and Tubes Limited IPO is expected to be listed on May 24, 2022 on BSE, NSE.

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