Venus Pipes & Tubes IPO Details

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.

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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

DetailsVenus Pipes IPO Details
Public IssueInitial Public Issue of upto 5,074,100 Equity Shares of ₹ 10 (aggregating up to ₹ 165.42 Cr)
Issue Open  Date11-May-22
Issue Close Date13-May-22
Issue TypeBook 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 InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolVENUSPIPES
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Venus Pipes IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum1 49₹ 14,996
Maximum13 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

DetailsImportant Dates
Bid / Offer Opens on11-May-22
Bid / Offer Closes on13-May-22
Finalisation of Basis of Allotment19-May-22
Initiation of refunds 20-May-22
Credit of the Equity Shares23-May-22
Listing Date24-May-22

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Total Income
(₹ in
million)
NAV, as on March 31, 2021
(₹ per share)
Venus Pipes & Tubes Limited1018.043,12030.48
Jindal Saw Limited 210.021,08,720218.39
Ratnamani Metal & Tubes Limited259.0723,415425.35

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?

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