Venus Pipes & Tubes IPO GMP Today, Grey Market Premium, analysis, review, allotment date, details

 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 & 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 Limited is a stainless steel pipe and tube producer and exporter. The company manufactures stainless steel tube products in two broad categories: seamless tubes/pipes and welded tubes/pipes, with five product categories: 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 production unit with an installed capacity of 10,800 MT per annum located on the Bhuj-Bhachau route in Dhaneti (Kutch, Gujarat).
The firm sells its goods in both domestic and foreign markets. Venus Pipes & Tubes sells to 18 nations, including Brazil, the United Kingdom, Israel, and countries in the European Union.

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’ initial public offering (IPO) begins on May 11, 2022 and ends on May 13, 2022. The Venus Pipes & Tubes first public offering bid period runs from May 11, 2022 at 10:00 a.m. until May 13, 2022 at 5:00 p.m. The deadline for UPI Mandate confirmation is 12 p.m. on the day after the issue closes.
  • 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: cs@venuspipes.com
  • Website: https://www.venuspipes.com/

Venus Pipes & Tubes IPO : Registrar

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