Venus Pipes & Tubes Limited
- IPO Date11 May, 2022 to 13 May, 2022
- Listing Date24 May, 2022
- Face Value₹10 per share
- Issue Price₹310 to ₹326 per share
- Lot Size46 Shares
- Minimum Investment₹14,996
- Listing AtBSE, NSE
- Total Issue Size50,74,100 Shares
(aggregating up to ₹165.42 Cr) - Fresh Issue50,74,100 Shares
(aggregating up to ₹165.42 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
13 May, 2022
Initiation of Refunds
23 May, 2022
Listing Date
24 May, 2022
11 May, 2022
Opening Date
19 May, 2022
Basis of Allotment
23 May, 2022
Credit of Shares
Venus Pipes & Tubes Limited Lot Size
Investors can bid for a minimum of 46 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 598 | ₹1,94,948 |
| Retail (Min) | 1 | 46 | ₹14,996 |
Venus Pipes & Tubes Limited Promoter Holding
Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 64.27% | 48.2% |
Venus Pipes & Tubes Limited 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 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. Competitive Strengths: International Accreditations and product approvals. Specialised production of Stainless Steel Pipes and Tubes. Multi-fold demand for our Products. Customer Diversification. Experienced and Qualified Team.
Venus Pipes & Tubes IPO is a book built issue of Rs 165.42 crores. The issue is entirely a fresh issue of 0.51 crore shares.
Venus Pipes & Tubes IPO bidding started from May 11, 2022 and ended on May 13, 2022. The allotment for Venus Pipes & Tubes IPO was finalized on Thursday, May 19, 2022. The shares got listed on BSE, NSE on May 24, 2022.
Venus Pipes & Tubes IPO price band is set at ₹310 to ₹326 per share. The minimum lot size for an application is 46 Shares. The minimum amount of investment required by retail investors is ₹14,996.
Smc Capitals Limited is the book running lead manager of the Venus Pipes & Tubes IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Venus Pipes & Tubes IPO RHP for detailed information.
FAQs About Venus Pipes Tubes Limited
Venus Pipes & Tubes Limited will open on 11 May, 2022 and close on 13 May, 2022. Investors must apply within this period to participate.
The Venus Pipes & Tubes Limited price band is set between ₹310.00 and ₹326.00 per share. The minimum lot size is 46, requiring an investment of at least ₹14996.00.
The Venus Pipes & Tubes Limited shares are expected to be listed on 24 May, 2022, subject to regulatory approvals and final allotment.
You can track your Venus Pipes & Tubes Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Venus Pipes & Tubes Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.