Bookbuilding IPO | ₹165 Cr | Listed at BSE, NSE | Wed, May 11, 2022 - Fri, May 13, 2022
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 per share. The lot size for an application is 46. The minimum amount of investment required by an retail is ₹14,996 (46 shares) (based on upper price). 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 Open
Wed, May 11, 2022
IPO Close
Fri, May 13, 2022
Issue Price
₹326 per share
Market Cap (Pre-IPO)
₹661.65 Cr
| IPO Date | 11 to 13 May, 2022 |
| Listed on | Tue, May 24, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹310 to ₹326 |
| Issue Price | ₹326 per share |
| Lot Size | 46 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 50,74,100 shares (agg. up to ₹165 Cr) |
| Fresh Issue | 50,74,100 shares (agg. up to ₹165 Cr) |
| Share Holding Pre Issue | 1,52,22,010 shares |
| Share Holding Post Issue | 2,02,96,110 shares |
| BSE Script Code / NSE Symbol | 543528 / VENUSPIPES |
| ISIN | INE0JA001018 |
Venus Pipes 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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 46 shares and in multiples thereof.
| 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 |
Venus Pipes IPO raises ₹49.62 crore from anchor investors. Venus Pipes IPO Anchor bid date is May 10, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 10, 2022 |
| Shares Offered | 15,22,186 |
| Anchor Portion (₹ Cr.) | 49.62 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jun 18, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Aug 17, 2022 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the project cost towards capacity expansion and backward integration for manufacturing of Hollow Pipes | 111.58 |
| 2 | To meet the long term working capital requirements | 25.00 |
| 3 | General corporate purposes | 14.95 |
| KPI | |
|---|---|
| ROE | 59 |
| ROCE | 61 |
| Debt/Equity | 0.94 |
| RoNW | 59.18 |
| PAT Margin | 7.57% |
| EBITDA Margin | 11.24% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 18.04 | |
| P/E (x) | 21.03 | |
| Promoter Holding | 64.27% | 48.20% |
| Market Cap | ₹661.65 Cr. |
The Venus Pipes & Tubes IPO is subscribed 16.31 times on May 13, 2022 5:00:00 PM (Day 3). The public issue subscribed 19.04 times in the retail category, 12.02 times in the QIB category, and 15.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 12.02 | 10,14,864 | 1,21,99,062 |
| NII | 15.66 | 7,61,115 | 1,19,19,566 |
| Retail | 19.04 | 17,75,935 | 3,38,11,196 |
| Total | 16.31 | 35,51,914 | 5,79,29,824 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the BRLM (including brokerage, underwriting and selling commission) | 7.81 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.52 |
| 3 | Fees payable to the Registrar to the Issue | 0.11 |
| 4 | Listing fees, SEBI filing fees, book building software fees and other regulatory expenses | 1.21 |
| 5 | Printing and stationery expenses | 0.31 |
| 6 | Fees payable to Monitoring Agency; | 0.09 |
| 7 | Fees payable to legal counsel; | 0.81 |
| 8 | Advertising and marketing for the Issue; and | 1.28 |
| 9 | Miscellaneous | 3.40 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹326.00 | ₹326.00 |
| Open | ₹335.00 | ₹337.50 |
| Low | ₹335.00 | ₹337.00 |
| High | ₹351.75 | ₹354.35 |
| Last Trade | ₹351.75 | ₹354.35 |
Lead Manager Reports
Venus Pipes IPO is a main-board IPO of 50,74,100 equity shares of the face value of ₹10 aggregating up to ₹165 Crores. The issue is priced at ₹326 per share. The minimum order quantity is 46.
The IPO opens on Wed, May 11, 2022, and closes on Fri, 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 Wed, May 11, 2022 and closes on Fri, 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 Mon, May 23, 2022. Check the Venus Pipes IPO allotment status.
The Venus Pipes IPO listing date is on Tue, May 24, 2022.
