Venus Pipes IPO Date, Price, Market Lot, Subscription

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Venus Pipes IPO GMPVenus Pipes IPO ReviewsAllotment Status
Venus Pipes IPO date

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 Date11 – 13 May 2022
IPO Price BandINR310 – 326 per share
Fresh issue50,74,100 equity shares (INR157.3 – 160.34 crore)
Offer For SaleNil
Total IPO size50,74,100 equity shares (INR157.3 – 160.34 crore)
Minimum bid (lot size)46 shares (INR14,996)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

Venus Pipes Financial Performance

 FY2019FY2020FY20219M FY2022
Revenue120.5179.3312.0278.3
Expenses115.6172.8281.1246.6
Net income3.84.123.723.6
Figures in INR crore unless specified otherwise

Venus Pipes Offer News


Venus Pipes IPO Timetable

IPO Opening Date11 May 2022
IPO Closing Date13 May 2022
Finalisation of Basis of Allotment19 May 2022
Initiation of refunds20 May 2022
Transfer of shares to demat accounts23 May 2022
Listing Date24 May 2022
Opening Price on NSE INR337.5 per share (up 3.53% from IPO price)
Closing Price on NSEINR354.35 per share (up 8.70% from IPO price)

Venus Pipes Valuations & Margins

FY2019FY2020 FY20219M FY2022
EPS2.863.1518.0415.5
PE ratioNANA17.18 – 18.07NA
RONW (%)30.8025.3659.1819.58
ROCE (%)NA30.3861.4926.06
EBITDA (%)6.986.5411.2412.83
Debt/EquityNA2.620.940.42
NAVNANA30.4879.15

Venus Pipes IPO Subscription – Live Updates

CategoryShares OfferedDay 1Day 2Day 3
QIB10,14,8640.360.3612.02
NII7,61,1150.962.5915.66
Retail17,75,9354.057.5219.04
Total35,51,9142.344.4216.31
Subscription figures in number of times, at 5 PM

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.

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