Check out Venus Pipes IPO GMP today aka IPO Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today. Venus Pipes IPO GMP is not started yet. Stay tuned for the latest IPO GMP numbers of Venus Pipes IPO.
|Venus Pipes & Tubes IPO GMP Today|
Venus Pipes’ initial public offering (IPO) is scheduled may 11, 2022. The company plans to raise [.] crores through an IPO, which will include a new issue of Rs. — crores and a promoter offer for sale of up to [.] crores. Gujarati Origin Venus Pipes & Tubes Limited is a stainless steel tubular product manufacturer and exporter. The company’s manufacturing facility is in Kutch, Gujarat. In 2021, the company recorded revenue of 312 crores, up from 179 crores in 2020. The pricing range for the IPO is set at Rs. — to Rs. — per equity share. The Venus Pipes IPO will be listed on the NSE and BSE.
Venus Pipes IPO GMP Today – Gray Market premium
- On 5th may 2022 @ 2:00 PM
- Gray market Premium Rs. 350
- Application Rate Rs. 900
- Subject to Rate Rs. —
Venus Pipes & Tubes Company Details
Venus Pipes & Tubes IPO GMP Today – 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.
Venus Pipes & Tubes IPO GMP Today: Objects of the Issue
Venus Pipes & Tubes IPO GMP Today: The company proposes to utilize the Net Proceeds raised through the Issue for the following objects:
- To meet long-term working capital requirements.
- General corporate purposes.
- 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 [.] to [.] per share
- Venus Pipes & Tubes IPO Lot Size
- 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
Venus Pipes & Tubes Company Promoters
- Megharam Sagramji Choudhary,
- Jayantiram Motiram Choudhary,
- Dhruv Mahendrakumar Patel
- Arun Axaykumar Kothari
Venus Pipes & Tubes IPO Timeline
- 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 Promoter Holding
- Pre Issue Share Holding 64.27%
- Post Issue Share Holding 48.20%
Venus Pipes & Tubes: 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: email@example.com
- Website: https://www.venuspipes.com/