Venus Pipes IPO subscription is to open on 11 May 2022 and will close on 13 May 2022, Venus Pipes & Tubes is one of the growing stainless steel pipes and tubes manufacturers and exporters in India. Check the Venus Pipes & Tubes Subscription Status & Allotment Status.
Also Read:
- Venus Pipes & Tubes IPO GMP
- Venus Pipes & Tubes IPO Subscription Status
- Venus Pipes & Tubes IPO Allotment Status
- Venus Pipes & Tubes IPO Listing Date
- About Venus Pipes & Tubes
- Important Details – Venus Pipes & Tubes
- Objects of the Issue
- Venus Pipes & Tubes Limited Financials:
- Venus Pipes IPO Price – Details
- Venus Pipes IPO DRHP & RHP
- Venus Pipes IPO Lot Size
- Venus Pipes IPO Lead Managers
- Venus Pipes & Tubes IPO Registrar
- Venus Pipes & Tubes IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Corporate Office
- Company Registered Office
- Company Promoters
- Venus Pipes & Tubes IPO – FAQS
About Venus Pipes & Tubes
Venus Pipes & Tubes is one of the growing stainless steel pipes and tubes manufacturer and exporter in India having over six 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, namely,
(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 (“Products”).
Under the brand name “Venus”, the company supplies the Products for applications in diverse sectors including
(i) chemicals
(ii) engineering
(iii) fertilizers
(iv) pharmaceuticals
(v) power
(vi) food processing
(vii) paper and
(viii) oil and gas
Important Details – Venus Pipes & Tubes
| Date | Details |
| February 17, 2015 | The company was incorporated in 2015, as Venus Pipes & Tubes Private Limited, a private limited company |
| September 16, 2021 | The company was converted into a public limited company, and the name of the company was changed to Venus Pipes & Tubes Limited |
Objects of the Issue
- Financing the project cost towards capacity expansion, technological upgradation, cost optimization of the operations and support to the manufacturing facility and backward integration for manufacturing of hollow pipes;
- To meet long-term working capital requirements; and
- General corporate purposes, subject to the applicable laws
Venus Pipes & Tubes Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in millions) | |||
|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 2,462.76 | 1,375.39 | 1,071.91 | 791.23 |
| Total income | 2,782.80 | 3,120.31 | 1,793.22 | 1,205.06 |
| Total Expenses | 2,465.76 | 2,810.80 | 1,728.35 | 1,155.61 |
| Profit After Tax | 235.95 | 236.32 | 41.28 | 37.5 |
Venus Pipes IPO Price – Details
| Details | Venus Pipes IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 5,074,100 Equity Shares of ₹ 10 (aggregating up to ₹ 165.42 Cr) |
| Issue Open Date | 11-May-22 |
| Issue Close Date | 13-May-22 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 310 – ₹ 326 |
| Face Value | ₹ 10 |
| Market Lot | 46 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 46 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | VENUSPIPES |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Venus Pipes IPO DRHP & RHP
Venus Pipes IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 49 | ₹ 14,996 |
| Maximum | 13 | 598 | ₹ 1,94,948 |
Venus Pipes IPO Lead Managers
- SMC Capitals Limited
Venus Pipes & Tubes IPO Registrar
Venus Pipes & Tubes IPO Allotment Date, Listing Date and other Important Dates
| Details | Important Dates |
|---|---|
| Bid / Offer Opens on | 11-May-22 |
| Bid / Offer Closes on | 13-May-22 |
| Finalisation of Basis of Allotment | 19-May-22 |
| Initiation of refunds | 20-May-22 |
| Credit of the Equity Shares | 23-May-22 |
| Listing Date | 24-May-22 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | Total Income (₹ in million) | NAV, as on March 31, 2021 (₹ per share) |
| Venus Pipes & Tubes Limited | 10 | 18.04 | 3,120 | 30.48 |
| Jindal Saw Limited | 2 | 10.02 | 1,08,720 | 218.39 |
| Ratnamani Metal & Tubes Limited | 2 | 59.07 | 23,415 | 425.35 |
Company Corporate Office
Tripada Complex, Plot No 275,
Sector 1/A, Near Mamlatdar office,
Office No 1, Ground Floor,
Gandhidham, Kutch – 370201
Gujarat, India
Website:www.venuspipes.com
Company Registered Office
Survey No. 233/2 and 234/1,
Dhaneti, Bhuj, Kachchh – 370020
Gujarat, India.
Company Promoters
- Megharam Sagramji Choudhary
- Jayantiram Motiram Choudhary
- Dhruv Mahendrakumar Patel
- Arun Axaykumar Kothari
Venus Pipes & Tubes IPO – FAQS
What is the Venus Pipes IPO Price?
The Venus Pipes IPO price band is [.] per share
When Venus Pipes & Tubes IPO will open?
The Venus Pipes & Tubes IPO opens on May 11, 2022 and closes on May 13, 2022
What is the lot size of Venus Pipes & Tubes IPO?
The Venus Pipes & Tubes IPO lot size is [.] Equity Shares and the minimum order quantity is [.] Equity Shares
Who is the Registrar for Venus Pipes & Tubes IPO?
The Registrar for Venus Pipes & Tubes IPO is KFin Technologies Private Limited
How to apply in Venus Pipes & Tubes IPO through UPI?
Check the step by step process here – Click here
How to apply in Venus Pipes & Tubes IPO through Zerodha?
Check the step by step process here – Click here
Follow us on Telegram for all the latest updates