Venus Pipes & Tubes Limited IPO Review
Venus Pipes & Tubes Limited IPO Overview
Venus Pipes and Tubes Limited is a stainless steel pipe and tube producer and exporter. The company manufactures stainless steel tube products in two broad categories: welded tubes/pipes and seamless tubes/pipes, which include five product categories: stainless steel hydraulic & instrumentation tubes, stainless steel high precision & heat exchanger tubes, stainless steel seamless pipes, stainless steel welded pipes, and stainless steel steel box pipes.
Venus Pipes & Tubes Limited has one production unit with a capacity addition of 10,800 MT per annum, which is situated on the Bhuj-Bhachau highway near Dhaneti (Kutch, Gujarat).
Products are sold in both domestic and foreign markets by the corporation. Venus Pipes & Tubes sells to 18 nations, along with Brazil, the United Kingdom, Israel, and European Union countries, and others.
Venus Pipes & Tubes Limited 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 ₹[.] Cr) |
Fresh Issue | 5,074,100 shares of ₹10 (aggregating up to ₹[.] 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 Limited IPO Financial Performance
Particulars | For the year/period ended (Rs in Million) | |
| 31-Dec-21 | 31-Mar-21 |
Total Assets | 2,462.76 | 1,375.39 |
Total Revenue | 2,782.80 | 3,120.31 |
Profit After Tax | 235.95 | 236.32 |
Particulars | For the year/period ended (Rs in Million) | |
| 31-Mar-20 | 31-Mar-19 |
Total Assets | 1,071.91 | 791.23 |
Total Revenue | 1,793.22 | 1,205.06 |
Profit After Tax | 41.28 | 37.50 |
Venus Pipes & Tubes Limited IPO Key Ratios
FY2021 | 9M FY2022 | |
EPS | 18.04 | 15.5 |
PE ratio | NA | NA |
RONW (%) | 59.18 | 19.58 |
ROCE (%) | 61.49 | 26.06 |
EBITDA (%) | 11.24 | 12.83 |
Debt/Equity | 0.94 | 0.42 |
NAV | 30.48 | 79.15 |
FY2019 | FY2020 | |
EPS | 2.86 | 3.15 |
PE ratio | NA | NA |
RONW (%) | 30.80 | 25.36 |
ROCE (%) | NA | 30.38 |
EBITDA (%) | 6.98 | 6.54 |
Debt/Equity | NA | 2.62 |
NAV | NA | NA |
Venus Pipes & Tubes Limited IPO GMP Trend
GMP (₹) | Subject to Rates | IPO Price | Estimated Listing Price | IPO Status |
No Trade | No Trade | NA | Upcoming |
Listing Performance of Venus Pipes & Tubes Limited IPO
Listed On : NSE BSE
Issue Price : ₹326 per share
Listing Day Close :
Listing Day Gain :
Venus Pipes & Tubes Limited IPO GMP Trend
NSE : NA
ISIN CODE : INE0JA001018
BSE : NA
Venus Pipes & Tubes Limited IPO Allotment Status
Venus Pipes & Tubes Limited IPO Brokers Reviews & Rating
Antique – Not Rated
Axis Capital – Not Rated
Canara Bank – Apply
Capital Market – Neutral
Centrum Wealth Management – Not Rated
Dilip Davda – May apply
Edelweiss Broking Ltd – Not Rated
Hem Securities – Apply
TopShareBrokers.com – Apply
Venus Pipes & Tubes Limited IPO Important Dates
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 Limited IPO Contact Details
Survey No. 233/2 and
234/1, Dhaneti
Bhuj, Kachchh – 370020 Gujarat
Phone: +91 2836 232 183/84
Email: cs@venuspipes.com
Website: https://www.venuspipes.com/
Venus Pipes & Tubes Limited IPO Registrar Contact Details
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: venus.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Venus Pipes & Tubes Limited IPO Subscription Details
Updated Soon.
Venus Pipes & Tubes Limited IPO FAQ's
The Venus Pipes & Tubes Limited IPO is a BSE NSE IPO of ₹326 equity shares of the face value of ₹10 aggregating up to ₹165.42 Crores. The issue size is priced at ₹326 Eq Shares of ₹10 (5,074,100 shares aggregating up to ₹165.42 Crores). The fresh issue size is priced at [.] Eq Shares of ₹10 (5,074,100 aggregating up to ₹165.42 Crores).
The initial public offering (IPO) begins on May 11, 2022 and ends on May 13, 2022.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Venus Pipes & Tubes Limited IPO opens on May 11, 2022 and closes on May 13, 2022. The IPO Issue date may list on May 24, 2022.
Venus Pipes & Tubes Limited IPO Market lot size is 46 Shares and the minimum order quantity is [.] Shares.
The finalisation of Basis of Allotment for Venus Pipes & Tubes Limited IPO will be done on May 19, 2022. and the allotted shares will be credited to your demat account by May 23, 2022. Check the Venus Pipes & Tubes Limited IPO status.
The Venus Pipes & Tubes Limited IPO listing date is on May 24, 2022.
Venus Pipes & Tubes Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Venus Pipes & Tubes Limited IPO Comments
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