Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories – seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes.

Venus Pipes & Tubes Limited has one manufacturing plant which is located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat) with an installed capacity of 10,800 MT per annum.

The company sells products in both domestic and international markets. Venus Pipes & Tubes exports its products to 18 countries including Brazil, the UK, Israel and countries in the European Union, etc.

Competitive Strengths:

  1. International Accreditations and product approvals.
  2. Specialised production of Stainless Steel Pipes and Tubes.
  3. Multi-fold demand for our Products.
  4. Customer Diversification.
  5. Experienced and Qualified Team.

Company Financials:

Particulars For the year/period ended (Rs in Million)
  31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2,462.76 1,375.39 1,071.91 791.23
Total Revenue 2,782.80 3,120.31 1,793.22 1,205.06
Profit After Tax 235.95 236.32 41.28 37.50

Objects of the Issue:

The company proposes to utilize the Net Proceeds raised through the Issue for the following objects:

  1. To meet long-term working capital requirements.
  2. General corporate purposes.
  3. Financing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.

Venus Pipes & Tubes IPO Details

Venus Pipes & Tubes IPO Date May 11, 2022 to May 13, 2022
Venus Pipes & Tubes IPO Face Value ₹10 per share
Venus Pipes & Tubes IPO Price ₹310 to ₹326 per share
Venus Pipes & Tubes IPO Lot Size 46 Shares
Issue Size 5,074,100 shares of ₹10
(aggregating up to ₹165.42 Cr)
Fresh Issue 5,074,100 shares of ₹10
(aggregating up to ₹165.42 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII (HNI) Shares Offered Not less than 15% of the Net Offer
Company Promoters Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari are the company promoters.

Venus Pipes & Tubes IPO Timeline

Venus Pipes & Tubes IPO opens on May 11, 2022, and closes on May 13, 2022. The Venus Pipes & Tubes IPO bid date is from May 11, 2022 10.00 A.M. to May 13, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Venus Pipes & Tubes IPO Opening Date May 11, 2022
Venus Pipes & Tubes IPO Closing Date May 13, 2022
Basis of Allotment May 19, 2022
Initiation of Refunds May 20, 2022
Credit of Shares to Demat May 23, 2022
Venus Pipes & Tubes IPO Listing Date May 24, 2022

Venus Pipes & Tubes IPO Lot Size

The Venus Pipes & Tubes IPO lot size is 46 shares. A retail-individual investor can apply for up to 13 lots (598 shares or ₹194,948).

Application Lots Shares Amount
Minimum 1 46 ₹14,996
Maximum 13 598 ₹194,948

Venus Pipes & Tubes IPO Promoter Holding

Pre Issue Share Holding 64.27%
Post Issue Share Holding 48.20%

Venus Pipes & Tubes IPO Review

Rising trends in commodity markets helped this company to post super performance and considering bright prospects, it is on an expansion spree. Based on its latest performance, the issue appears fully priced. Its capacity will be more than doubled post-expansion. As the issue is below Rs. 250 cr. its initial listing will be in “T” group with restricted circuits and that will remove speculative activities for the initial listing period. Investors may consider an investment with medium to long term perspectives. Read detail review…

 Venus Pipes & Tubes IPO Recommendation by Members

Venus Pipes & Tubes IPO Recommendations Details | Post Recommendation | Manage Recommendations

Subscribe Neutral Avoid
17 0 1

Venus Pipes & Tubes IPO Subscription Status (Bidding Detail)

The Venus Pipes & Tubes IPO is subscribed 7.27 times on May 13, 2022 2:02:00 PM. The public issue subscribed 11.38 times in the retail category, 1.43 times in the QIB category, and 5.47 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (times)
QIB 1.43
NII 5.47
Retail 11.38
Total 7.27

Company Contact Information

Venus Pipes & Tubes Limited
Survey No. 233/2 and
234/1, Dhaneti
Bhuj, Kachchh – 370020 Gujarat
Phone: +91 2836 232 183/84
Email: cs@venuspipes.com
Websitehttps://www.venuspipes.com/

Venus Pipes & Tubes IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: venus.ipo@kfintech.com
Websitehttps://karisma.kfintech.com/