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.
The company proposes to utilize the Net Proceeds raised through the Issue for the following objects:
| IPO Opening Date | May 11, 2022 |
|---|---|
| IPO Closing Date | May 13, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 Equity Share |
| IPO Price | ₹310 to ₹326 per share |
| Market Lot | 30 Shares |
| Min Order Quantity | 46 Shares |
| Listing At | BSE, NSE |
| Issue Size | 5,074,100 shares of ₹10 (aggregating up to ₹165.42 Cr) |
| Fresh Issue | 5,074,100 shares of ₹10 (aggregating up to ₹165.42 Cr) |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Basis of Allotment Date | May 19, 2022 |
|---|---|
| Initiation of Refunds | May 20, 2022 |
| Credit of Shares to Demat Account | May 23, 2022 |
| IPO Listing Date | May 24, 2022 |
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.
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 46.
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.
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 IPO allotment status.
The Venus Pipes & Tubes IPO listing date is not yet announced. The tentative date of Venus Pipes & Tubes IPO listing is May 24, 2022.
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