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IPO Status: Listed [11th May 2022 to 13th May 2022]
Venus Pipes & Tubes IPO through a fresh issue of 50,74,100 shares worth issue size of Rs. 165.42 Cr to hit the market soon to list on the BSE and NSE platform. Venus Pipes & Tubes IPO opens on May 11, 2022, and closes on May 13, 2022. The IPO price band is fixed at Rs. 310 - Rs. 326 and lot size is 46 shares.. Stay updated with us to know more about the Venus Pipes and Tubes IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.
| IPO Issue Opening Date: | 11th May 2022 |
| IPO Issue Closing Date: | 13th May 2022 |
| IPO Issue Price: | ₹310-326 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 35 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹165.42 Cr |
| Fresh Issue: | 50,74,100 equity shares at ₹310-326 [Aggregating to ₹ 165.42 Cr] |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 64.27% |
| Promoter Holding Post IPO: | 48.20% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543528 |
| NSE Code: | VENUSPIPES |
Get important updates regarding Venus Pipes and Tubes IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 19th May 2022 |
| Refunds Initiation* | 20th May 2022 |
| Credit of Shares to Demat* | 23rd May 2022 |
| IPO Listing Date* | 24th May 2022 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹310-326 |
| Market Lot: | 46 Shares |
| 1 Lot Amount: | ₹14996 |
| Min Small HNI Lots(2-10 Lakh): | 644 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 24-05-2022 | 326 | 20 | -- | ₹346 (6.13%) | 24-May-2022 9:58 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Venus Pipes and Tubes Limited is one of the growing stainless steel pipes and tubes manufacturer and exporter in India. The company manufactures stainless steel tubular products in two categories; 1 seamless tubes or pipes, 2. welded tubes or pipes. It is currently manufacturing 5 product lines, (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. It supplies goods under the "Venus" brand name to diverse sectors such as chemicals, engineering, fertilizers, pharmaceuticals, power, food processing, paper, and oil & gas.
The company has 1 strategically located manufacturing plant at Bhuj-Bhachau highway, Dhaneti with close proximity to Kandla and Mundra port to procure raw material from domestic suppliers, stockists and traders, and international suppliers in Indonesia, China, Malaysia, and Singapore. The firm also export its products to 18 countries such as Brazil, UK, Israel and countries in the European Union.
As of October 31, 2021, its manufacturing facility has a total installed capacity of 10,800 MT per annum.
| Incorporation | Sector | IPO Issue Size | Website |
| 2015 | Steel | ₹165.42 Cr | http://www.venuspipes.com/ |
The net proceeds from the IPO to be utilized towards the following purposes;
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,014,864 (28.57%) | 761,115 (21.43%) | 1,775,935 (50%) | 3,551,914 | |
| 1 | 11th May 2022 17:02 | 0.36x | 0.98x | 4.10x | 2.36x |
| 2 | 12th May 2022 17:02 | 0.36x | 2.59x | 7.52x | 4.42x |
| 3 | 13th May 2022 17:02 | 6.07x | 10.65x | 13.50x | 10.77x |
| Venus Pipes & Tubes IPO Financials (₹ in Cr) | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|
| Total Assets | ₹137.54 | ₹107.19 | ₹79.12 |
| Total Income | ₹312.03 | ₹179.32 | ₹120.51 |
| Net Profit/Loss | ₹23.63 | ₹4.13 | ₹3.75 |
Last Updated on 07-Nov-2022 08:30:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Venus Pipes and Tubes IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Venus Pipes and Tubes IPO with Zerodha.
Alternate approch to apply in Venus Pipes and Tubes IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Venus Pipes and Tubes IPO Review and Important Updates
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To subscribe or apply in Venus Pipes and Tubes IPO, you can use the following methods:
| Venus Pipes and Tubes IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Venus Pipes and Tubes IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Venus Pipes and Tubes IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Venus Pipes and Tubes IPO. Most of the Syndicate Banks provide access to apply in Venus Pipes and Tubes IPO via ASBA process. You must have your net banking access, DP ID information to apply in Venus Pipes and Tubes IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Venus Pipes and Tubes IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Venus Pipes and Tubes IPO Review and Important Updates
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Applying in Venus Pipes and Tubes IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Venus Pipes and Tubes IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Venus Pipes and Tubes IPO, please refer article >> Link
Venus Pipes and Tubes IPO Review and Important Updates
Steps to download the online application form for Venus Pipes and Tubes IPO
Or
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Venus Pipes and Tubes IPO is going to be list on 24-05-2022. NSE Code for Venus Pipes and Tubes is VENUSPIPES. BSE Code for Venus Pipes and Tubes is 543528.
Other relevant questions:
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Venus Pipes and Tubes IPO Allotment Date is 19-05-2022.
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Venus Pipes and Tubes IPO share allotment date?Venus Pipes and Tubes IPO allotment date?
Issue Date : 11-May to 13-May, 2022
Fresh : 50,74,100 Shares
Retail : 35%
FV : ?10
IPO Open : 11-May-2022
IPO Close : 13-May-2022
Basis of Allotment : 19-May-2022
Initiation of Refunds: 20-May-2022
Credit of Shares : 23-May-2022
IPO Listing Date : 24-May-2022