Last updated on November 23, 2023
Keep updated with latest Venus Pipes IPO GMP (Grey Market Premium), kostak rates, and subject to sauda rates. Venus Pipes IPO GMP for today is INR15 per share against the issue price of INR310 – 326 per share. This implies Venus Pipes IPO expected listing price is INR341 per share based on the current GMP.
Venus Pipes is a manufacturer of stainless steel pipes and tubes manufacturer and exporter in India having over six years of experience. The company operates in two broad categories: seamless tubes/pipes and welded tubes/pipes. Under these two categories, 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”, the company 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).
Venus Pipes IPO GMP Daily Trend
| Date | Venus Pipes IPO GMP | Kostak | Subject to Sauda |
| 24 May 2022 | INR15 | – | – |
| 23 May 2022 | INR15 | – | – |
| 21 May 2022 | INR10 | – | – |
| 20 May 2022 | INR10 | INR200 | INR500 |
| 19 May 2022 | INR25 | INR300 | INR900 |
| 18 May 2022 | INR30 | INR300 | INR900 |
| 17 May 2022 | INR25 | INR300 | INR900 |
| 16 May 2022 | INR20 | INR300 | INR900 |
| 14 May 2022 | INR20 | INR300 | INR900 |
| 13 May 2022 | INR30 | INR300 | INR900 |
| 12 May 2022 | INR35 | INR350 | INR900 |
| 11 May 2022 | INR35 | INR350 | INR900 |
| 10 May 2022 | INR35 | INR400 | INR950 |
| 9 May 2022 | INR20 | INR300 | INR800 |
| 7 May 2022 | INR30 | INR350 | INR850 |
| 6 May 2022 | – | INR300 | INR800 |
| 5 May 2022 | – | INR350 | – |
| 4 May 2022 | – | INR350 | – |
This page provides day-wise GMP movement which is helpful in deriving tentative listing price and profit/loss of the IPO. The historical premiums mentioned in the above table serve an important purpose and have a close linkage with subscription levels, especially in the QIB and HNI categories. It is typically observed that recovery in premiums is difficult after a sharp correction.
IPO Central also provides grey premium of all active, recent and forthcoming IPOs at a single place. Head to our IPO discussion page which provides a snapshot of IPO premiums.
It should be noted that IPO grey market is unregulated and is highly volatile and thus, it should not be used as the only criterion for an investment decision in an IPO. Investors need to look into other parameters including financial performance and valuations before deciding whether to invest in Venus Pipes IPO or not.
Venus Pipes IPO Details
| Subscription Dates | 11 – 13 May 2022 |
| 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 |
| Minimum investment amount | INR14,996 |
| Maximum bid (lot size) | 598 shares |
| Maximum investment amount | INR194,948 |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Venus Pipes IPO Documents & News
Venus Pipes IPO Timetable
This table provides important information about Venus Pipes IPO. The dates are updated once the company files Red Herring Prospectus (RHP).
| 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 | Coming soon |
| Closing Price on NSE | Coming soon |
What is Venus Pipes IPO GMP today?
Venus Pipes IPO GMP today is INR15 per share.
What is Venus Pipes IPO kostak rate today?
Venus Pipes IPO kostak rate today is NA per application.
What is Venus Pipes Subject to Sauda rate today?
Venus Pipes Subject to Sauda rate today is NA per application.
What is the expected listing price and return of Venus Pipes IPO?
Venus Pipes IPO expected return is 4.6% based on the current GMP and expected listing price is INR341 per share.
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