Venus Pipes and Tubes IPO – Venus Pipes and Tubes Limited is the leading manufacturer and exporter of stainless steel pipes, tubes and u-tubes. Their products are stainless steel high precision and heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes.
List of Topic Covered
Key Features of Venus Pipes & Tubes IPO
- Venus Pipes and Tubes IPO will open on 11th May 2022.
- You can apply in this IPO from 11th to 13th May 2022.
- Issue Price band of the company is ₹ 310 to ₹ 326 per equity share.
- Venus Pipes and Tubes IPO comprises fresh issue of 5,074,100 equity shares approx. ₹ 165.42 Crores.
- It has a minimum 46 shares in one lot and you have to spend a minimum of ₹ 14,996 for 1 lot.
- Venus Pipes and Tubes is looking to raise ₹ 165.42 Crores through this IPO.
What is Venus Pipes and Tubes ?
- Venus pipes & tubes is the manufacturer of stainless steel welded and seamless pipes, tubes and u-tubes.
- They have a client base of 58 Fortune 500 India list.
- They have had a CAGR of 83% in the last 4 years.
- Their mission is to provide quality products and flawless service to their customer, supplier and distributor.
- The company supplies their products worldwide to more than 18 countries.
- The production facility is spread across 11 acres’ area based in Kutch region of Kutch, India, which houses two major sea ports
- On the revenue front, Venus Pipes and Tubes is in profits for the last 3 consecutive years. Positive sign for investors.
GMP of Venus Pipes and Tubes IPO
- Grey market is an unregulated market to trade IPO shares before listing.
- Venus Pipes and Tubes IPO price band is placed at ₹ 310 to ₹ 326
- But the grey market premium of this share is currently 0 % i.e. at ₹ 0.
- So the share price of Venus Pipes and Tubes IPO in the grey market is ₹ 326
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Venus Pipes and Tubes IPO Live Subscription Status
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Venus Pipes and Tubes IPO Date, Lot Size, Allotment
Venus Pipes and Tubes IPO Details
| IPO Start Date | May 11, 2022 |
| IPO Close Date | May 13, 2022 |
| Fresh Equity Share Issue | ₹ 165.42 Crores worth of equity shares |
| Offer for Sale | NA |
| Face Value | ₹ 10 Per Equity Share |
| Price Band | ₹ 310 – ₹ 326 Per Equity Share |
| Retail Quota Share | 35% |
| QIB Quota | 50% |
| NII (HNI) Quota | 15% |
| Listing on | NSE & BSE |
| Employee Discount | – |
| DRHP | View |
Venus Pipes and Tubes IPO Timetable
| IPO Start Date | May 11, 2022 |
| IPO Close Date | May 13, 2022 |
| Basis of Share Allotment Date | May 19, 2022 |
| Refunds Date | May 20, 2022 |
| Credit of shares to Demat Account Date | May 23, 2022 |
| IPO Listing Date | May 24, 2022 |
Venus Pipes and Tubes IPO Lot Size
| Minimum Lot Size | 46 shares for 1 lot |
| Minimum Amount | ₹ 14,996 for 1 lot |
| Maximum Lot Size | 598 Shares (13 lot) |
| Maximum Amount | ₹194,948 (for 13 Lot) |
Venus Pipes and Tubes IPO Financial Report (2019-2022)
Company is in profits from last 3 years. Positive sign for investors.
| Year | Revenue | Expense | PAT (Profit / Loss After Tax) |
| 2022 (3M) | ₹ 82 | ₹ 73 | ₹ 6.81 |
| 2021 | ₹ 312 | ₹ 281 | ₹ 23.63 |
| 2020 | ₹ 179 | ₹ 172 | ₹ 4.13 |
| 2019 | ₹ 121 | ₹ 116 | ₹ 3.75 |
Venus Pipes and Tubes IPO – Basis of Allotment
- Venus Pipes and Tubes IPO’s 50% quota is reserved for the QIB category.
- 15% quota is reserved for NII Category and
- 35% quota is reserved for retail investors.
How to Apply in Venus Pipes and Tubes IPO ?
- You can apply for the Venus Pipes and Tubes IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for Venus Pipes and Tubes IPO.
- Also you can apply this IPO through your trading account.
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Venus Pipes and Tubes IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Venus Pipes and Tubes IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Venus Pipes and Tubes IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Venus Pipes and Tubes IPO
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Venus Pipes and Tubes IPO Allotment Status
You can check Venus Pipes and Tubes IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Other Information in Venus Pipes and Tubes IPO
Venus Pipes and Tubes IPO Promoters
- Megharam Sagramji Choudhary
- Jayantiram Motiram Choudhary
- Dhruv Mahendrakumar Patel
- Arun Axaykumar Kothari
Venus Pipes and Tubes IPO Lead Managers
- SMC Capitals Limited
Venus Pipes and Tubes Contact Information
Venus Pipes & Tubes Limited
Survey No. 233/2 and
234/1, Dhaneti
Bhuj, Kachchh – 370020 Gujarat
- Phone: +91 2836 232 183/84
- Email: cs@venuspipes.com
- Website: https://www.venuspipes.com/
Venus Pipes and Tubes IPO Registrar Contact Information
KFin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: venus.ipo@kfintech.com
- Website: https://karisma.kfintech.com/
Paisa kaudi recommendation on Venus Pipes and Tubes IPO
Venus Pipes and Tubes Limited is the leading manufacturer and exporter of stainless steel pipes, tubes and u-tubes. Price range is convincing. Company is making profits which is again a positive signal. Can be considered for listing gains.
Keep checking the GMP for more clear picture. Stay alert as markets are volatile now a days.
Venus Pipes and Tubes IPO FAQs
Venus Pipes and Tubes IPO is the main-board IPO which will be listed on NSE & BSE. They are going to raise Approx. ₹165.42 crores through this IPO. One lot has minimum 46 shares and you have to spend a minimum ₹14,996 for 1 lot.
Venus Pipes and Tubes IPO price band is ₹310 to ₹326.
One lot has minimum shares and you have to spend a minimum ₹46 for 1 lot. Maximum lot is and you have to spent ₹14,996 for lots.
Venus Pipes and Tubes IPO’s 35% quota is reserved for retail investors. 15% quota is reserved for NII Category and 50% quota is reserved for the QIB category.
Venus Pipes and Tubes IPO will open on May 11, 2022.
Basis of Allotment for Venus Pipes and Tubes IPO will happen on May 19, 2022 and allotted shares will be deposited in your demat account on May 23, 2022.
Shares of Venus Pipes and Tubes IPO will list in the market on May 24, 2022.