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Venus Pipes IPO is a book build issue of ₹165.42 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹165.42 crore.
Venus Pipes IPO bidding started from May 11, 2022 and ended on May 13, 2022. The allotment for Venus Pipes IPO was finalized on May 19, 2022. The shares got listed on BSE, NSE on May 24, 2022.
Venus Pipes IPO price band is set at ₹326.00 per share . The lot size for an application is 46. The minimum amount of investment required by an retail is ₹14,260 (46 shares). The lot size investment for sNII is 14 lots (644 shares), amounting to ₹2,09,944, and for bNII, it is 67 lots (3,082 shares), amounting to ₹10,04,732.
SMC Capitals Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Venus Pipes IPO RHP for detailed Information.
| IPO Date | May 11, 2022 to May 13, 2022 |
| Listing Date | May 24, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹310 to ₹326 per share |
| Issue Price Final | ₹326 per share |
| Lot Size | 46 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,74,100 shares (aggregating up to ₹165.42 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,52,22,010 shares |
| Share Holding Post Issue | 2,02,96,110 shares |
Venus Pipes & Tubes IPO offers total 50,74,100 shares. Out of which 25,37,050 (50.00%) allocated to QIB, 10,14,864 (20.00%) allocated to QIB, 7,61,115 (15.00%) allocated to NII, 17,75,935 (35.00%) allocated to RII and 15,22,186 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 25,37,050 (50.00%) | NA |
| − Anchor Investor Shares Offered | 15,22,186 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 10,14,864 (20.00%) | NA |
| NII (HNI) Shares Offered | 7,61,115 (15.00%) | NA |
| − bNII > ₹10L | 5,07,410 (10.00%) | 787 |
| − sNII < ₹10L | 2,53,705 (5.00%) | 393 |
| Retail Shares Offered | 17,75,935 (35.00%) | 38,607 |
| Total Shares Offered | 50,74,100 (100.00%) |
Venus Pipes IPO raises ₹49.62 crore from anchor investors. Venus Pipes IPO Anchor bid date is May 10, 2022. Venus Pipes IPO Anchor Investors list
| Bid Date | May 10, 2022 |
| Shares Offered | 15,22,186 |
| Anchor Portion Size (In Cr.) | 49.62 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 18, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 17, 2022 |
Venus Pipes IPO opens on May 11, 2022, and closes on May 13, 2022.
| IPO Open Date | Wed, May 11, 2022 |
| IPO Close Date | Fri, May 13, 2022 |
| Tentative Allotment | Thu, May 19, 2022 |
| Initiation of Refunds | Fri, May 20, 2022 |
| Credit of Shares to Demat | Mon, May 23, 2022 |
| Tentative Listing Date | Tue, May 24, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 13, 2022 |
Investors can bid for a minimum of 46 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,996 |
| Retail (Max) | 13 | 598 | ₹1,94,948 |
| S-HNI (Min) | 14 | 644 | ₹2,09,944 |
| S-HNI (Max) | 66 | 3,036 | ₹9,89,736 |
| B-HNI (Min) | 67 | 3,082 | ₹10,04,732 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| 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 | |
The market capitalization of Venus Pipes IPO is ₹661.65 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 21.03 |
The company proposes to utilize the Net Proceeds raised through the Issue for the following objects:
[Dilip Davda] 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...
| Listing Date | May 24, 2022 |
| BSE Script Code | 543528 |
| NSE Symbol | VENUSPIPES |
| ISIN | INE0JA001018 |
| Final Issue Price | ₹326 per share |
| BSE Listing Group | T |
Venus Pipes & Tubes Ltd.
Survey No. 233/2 and
234/1, Dhaneti
Bhuj, Kachchh - 370020 Gujarat
Bhuj, Gujarat
Phone: +91 2836 232 183/84
Email: cs@venuspipes.com
Website: https://www.venuspipes.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: venus.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Venus Pipes IPO is a main-board IPO of 50,74,100 equity shares of the face value of ₹10 aggregating up to ₹165.42 Crores. The issue is priced at ₹326 per share. The minimum order quantity is 46.
The IPO opens on May 11, 2022, and closes on May 13, 2022.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Venus Pipes IPO using UPI as a payment gateway. Zerodha customers can apply in Venus Pipes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Venus Pipes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Venus Pipes IPO opens on May 11, 2022 and closes on May 13, 2022.
Venus Pipes IPO lot size is 46, and the minimum amount required for application is ₹14,996.
You can apply in Venus Pipes IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Venus Pipes IPO will be done on Thursday, May 19, 2022, and the allotted shares will be credited to your demat account by Monday, May 23, 2022. Check the Venus Pipes IPO allotment status.
The Venus Pipes IPO listing date is on Tuesday, May 24, 2022.
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