Venus Pipes & Tubes Limited IPO

Mainboard

Steel & Iron Products

Listed On: May 24, 2022 at ₹ 337.50(NSE)

₹ 14996 /46 Shares

Check Allotment

Price Summary

Last Closing

1,684.00 (416.56%)

52 Week High

2,450.35

52 Week Low

1,290.20

Last Update

25-Nov-2024 3:30 PM

IPO Details

11 May, 2022

Open Date

13 May, 2022

Close Date

19 May, 2022

Allotment Date

24 May, 2022

Listing Date

Issue Price

₹310-326 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFin Technologies Limited

List Price

337.50(NSE)

Listing Date

2022-05-24

Market Lot

46 Shares (₹14,996/-)

Lead Manager

SMC Capitals Limited

Issue Size

Fresh Issue : 5,074,100 shares of ₹10(aggregating up to ₹165.42 Cr)

Retail Portion

35% (Number of Retail Applications : 38,600 Approx)

Subscription

16.31 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	1,014,864	761,115	1,775,935	3,551,914
Day 1 - 11-05-22 05:00 PM	0.36 x	0.98	4.10 x	2.36 x
Day 2 - 12-05-22 05:00 PM	0.36 x	2.59	7.52 x	4.42 x
Day 3 - 13-05-22 05:00 PM	12.02 x	15.66	19.04 x	16.31 x

Total No. of Applications: 628155 (Approx)

Valuations

Earnings Per Share (EPS)

₹11.66/-

P/E Ratio

27.97

RoNW

59.18%

Net Asset Value (NAV) - As on 31.12.21

₹79.15

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19	31-Mar-18
Assets	137.53	107.19	79.12	N/A
Revenue	312.03	179.32	120.50	N/A
Profit After Tax	23.63	4.12	3.75	N/A

About The Company

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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Venus Pipes	4.12	28	59.18%	312
Jindal Saw	0.41	6	8.02%	10,664
Ratnamani Metals	5.45	35	18.60%	2,298

- Promoter(s)

Pre Issue Share Holding: 64.27%

Post Issue Share Holding: 48.20%

Company Promoter(s)

Megharam Sagramji Choudhary
Jayantiram Motiram Choudhary
Dhruv Mahendrakumar Patel
Arun Axaykumar Kothari

IPO - Issue Objectives

To meet long-term working capital requirements.
General corporate purposes.
inancing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.

IPO - Anchor Investors

Venus Pipes & Tubes raises Rs 49.62 crore from anchor investors ahead of IPO.
Nippon India Small Cap Fund has bought 7 lakh equity shares of Venus Pipes and Kotak Mahindra Life Insurance Company 6.06 lakh shares through the anchor book. India SME Investments-Fund 1 also participated in the offer and acquired 2.15 lakh shares of the company.

IPO - FAQs

Ans. Venus Pipes & Tubes Limited IPO is a Mainboard IPO. The issue is priced at ₹310-326 per equity 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.

Ans. The Venus Pipes & Tubes Limited IPO opens on May 11, 2022 and closes on May 13, 2022.

Ans. The size of Venus Pipes & Tubes Limited IPO is Fresh Issue : 5,074,100 shares of ₹10(aggregating up to ₹165.42 Cr).

Ans. The IPO price band is set between ₹310-326 per equity share.

Ans. To apply for Venus Pipes & Tubes Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Venus Pipes & Tubes Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Venus Pipes & Tubes Limited IPO is May 19, 2022.

Ans. The Venus Pipes & Tubes Limited IPO will be listed on May 24, 2022.

Ans. Follow the steps to check the allotment status for Venus Pipes & Tubes Limited IPO here.