Venus Pipes & Tubes Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,537,050 (50%) | — | ₹8,271 Cr |
| NII (HNI) | — | 761,115 (15%) | — | ₹2,481 Cr |
| Retail | — | 1,775,935 (35%) | — | ₹5,790 Cr |
| Σ Total | — | 5,074,100 (100%) | — | ₹165,416 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,996 |
| Retail (Max) | 13 | 598 | ₹194,948 |
| S-HNI (Min) | 14 | 644 | ₹209,944 |
| B-HNI (Min) | 67 | 3,082 | ₹1,004,732 |
Financial Statements Amount in Crore
| Metric | 31-Dec-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 278 | 312 | 179 |
| Profit After Tax | 24 | 24 | 4 |
| Total Assets | 246 | 138 | 107 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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:
- International Accreditations and product approvals.
- Specialised production of Stainless Steel Pipes and Tubes.
- Multi-fold demand for our Products.
- Customer Diversification.
- Experienced and Qualified Team.