Venus Pipes IPO date is 11 May 2022. The IPO price band is set at INR310 – 326 per share. The issue comprises of sale of upto 50,74,100 equity shares. Accordingly, there is no OFS by existing shareholders.
Promoters of Venus Pipes – Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari
Venus Pipes Business Description
The company is a stainless steel pipes and tubes manufacturer and exporter in India having over six years of experience in two broad categories: seamless tubes/pipes and welded tubes/pipes, under which it currently manufactures five product lines, namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipe and stainless steel box pipes.
Under the brand name “Venus”, it supplies its products for applications in diverse sectors including chemicals, engineering, fertilizers, pharmaceuticals, power, food processing, paper, oil and gas. It has one manufacturing plant which is strategically located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat).
It has an in-house quality team comprising of 27 dedicated personnel, ensuring that raw materials as well as end products are tested on all quality parameters and fulfilling all international product standards.
Venus Pipes IPO Date, Size & Price Band
| Venus Pipes IPO Date | 11 – 13 May 2022 |
| IPO Price Band | INR310 – 326 per share |
| Fresh issue | 50,74,100 equity shares (INR157.3 – 160.34 crore) |
| Offer For Sale | Nil |
| Total IPO size | 50,74,100 equity shares (INR157.3 – 160.34 crore) |
| Minimum bid (lot size) | 46 shares (INR14,996) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Venus Pipes Financial Performance
| FY2019 | FY2020 | FY2021 | 9M FY2022 | |
| Revenue | 120.5 | 179.3 | 312.0 | 278.3 |
| Expenses | 115.6 | 172.8 | 281.1 | 246.6 |
| Net income | 3.8 | 4.1 | 23.7 | 23.6 |
Venus Pipes Offer News
Venus Pipes IPO Timetable
| IPO Opening Date | 11 May 2022 |
| IPO Closing Date | 13 May 2022 |
| Finalisation of Basis of Allotment | 19 May 2022 |
| Initiation of refunds | 20 May 2022 |
| Transfer of shares to demat accounts | 23 May 2022 |
| Listing Date | 24 May 2022 |
| Opening Price on NSE | INR337.5 per share (up 3.53% from IPO price) |
| Closing Price on NSE | INR354.35 per share (up 8.70% from IPO price) |
Venus Pipes Valuations & Margins
| FY2019 | FY2020 | FY2021 | 9M FY2022 | |
| EPS | 2.86 | 3.15 | 18.04 | 15.5 |
| PE ratio | NA | NA | 17.18 – 18.07 | NA |
| RONW (%) | 30.80 | 25.36 | 59.18 | 19.58 |
| ROCE (%) | NA | 30.38 | 61.49 | 26.06 |
| EBITDA (%) | 6.98 | 6.54 | 11.24 | 12.83 |
| Debt/Equity | NA | 2.62 | 0.94 | 0.42 |
| NAV | NA | NA | 30.48 | 79.15 |
Venus Pipes IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 10,14,864 | 0.36 | 0.36 | 12.02 |
| NII | 7,61,115 | 0.96 | 2.59 | 15.66 |
| Retail | 17,75,935 | 4.05 | 7.52 | 19.04 |
| Total | 35,51,914 | 2.34 | 4.42 | 16.31 |
Venus Pipes IPO Allotment
Venus Pipes IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.
Venus Pipes Offer Registrar
Kfin Technologies Private Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Venus Pipes Contact Details
Venus Pipes & Tubes Limited
Tripada Complex, Plot No 275, Sector 1/A,
Near Mamlatdar office, Office No 1,
Ground Floor, Gandhidham, Kutch – 370201
Tel: +91 2836 232 183/84
E-mail: [email protected]
Website: www.venuspipes.com
Venus Pipes IPO FAQs
When is Venus Pipes IPO date?
The IPO is to open on 11 May 2022 for QIB, NII, and Retail Investors.
What is Venus Pipes offer Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply in Venus Pipes public offer?
You can apply Venus Pipes public offer via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Venus Pipes IPO Allotment Date?
Venus Pipes IPO allotment date is 19 May 2022.
What is Venus Pipes IPO Listing Date?
Venus Pipes IPO listing date is 24 May 2022.
