Venus Pipes IPO Opens For Subscription
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About Venus Pipes and Tubes IPO
Post-pandemic, the economic activity is picking pace in India as well as globally. The new orders and production are accelerating as the demand surges. Against this backdrop, Venus Pipes & Tubes, which is a manufacturer and exporter of stainless steel pipes and tubes, is launching its public issue. The proceeds of the Venus Pipes & Tubes IPO will be used by the company to fund capacity expansion and support manufacturing activity. The company’s products are sold under the brand name “Venus” and are divided into two categories – seamless and welded. These products are sold to a diverse range of sectors, including chemicals, engineering, fertilisers, pharmaceuticals, power, food processing, paper and oil & gas. Venus Pipe & Tubes started exporting its products in 2017. Currently, the company exports to 20 countries including Brazil, UK and Israel. Also, in a bid to increase its presence globally, it has appointed distributors in the overseas market. Now, this stainless steel pipes and tubes maker is all set to hit the stock markets. The Venus Pipes & Tubes IPO will be open for subscription between 11 May 2022 and 13 May 2022. Here are some key details about the Venus Pipes & Tubes IPO.
Financial snapshot
Here’s a table highlighting the company’s key financial metrics
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Here’s a quick look at Venus Pipes and Tubes IPO’s strengths, risks and threats
Strengths
Risks and threats
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Venus Pipes and Tubes IPO details
| Venus Pipes and Tubes IPO date
The offer document filed by the company with the SEBI mentions that the Venus Pipes & Tubes IPO’s opening date – in other words, the Venus Pipes & Tubes IPO launch date – will be on 11 May 2022. The Venus Pipes & Tubes IPO closing date is 13 May 2022. After this, investors will be updated about the allotment status on 19 May 2022. Investors, who have been allotted shares, can expect them to be credited in their demat account on 23 May 2022. The Venus Pipes & Tubes IPO listing date is 24 May 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Venus Pipes and Tubes IPO price band
The entire IPO is a book-built issue. The Venus Pipes & Tubes IPO price band has been set between ₹310 and ₹326 per share. Interested investors can choose a price within this band to apply for the IPO. The Venus Pipes & Tubes IPO listing price will be determined on 24 May 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Venus Pipes and Tubes IPO lot size
The Venus Pipes & Tubes IPO details have been declared. The Venus Pipes & Tubes IPO lot size is set at 30 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can only apply for up to 13 lots (598 shares). Meanwhile, the Venus Pipes & Tubes IPO issue size is ₹165 crore. |
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