IPO Alert: Venus Pipes & Tubes Ltd
Venus Pipes is a pipes and tubes manufacturer with the sole focus on manufacturing of welded and seamless pipes in a single metal category, i.e., stainless steel. Under their brand name “Venus”, they supply their Products for applications in diverse sectors including Chemicals, Engineering; Fertilizers; Pharmaceuticals, Power, Food Processing; Paper; and Oil and Gas.
|Bid/Offer Opens On||Wednesday 11-May-22|
|Bid/Offer Closes On||Friday 13-May-22|
|Price Band||Rs. 310 - Rs. 326 per equity share|
|Lot Size||46 Shares|
The below table has important dates with respect to the IPO allotment and listing.
|Finalization of Basis of Allotment||19-May-22|
|Initiation of Refunds||20-May-22|
|Credit of Shares to Demat Acct||23-May-22|
|IPO Shares Listing Date||24-May-22|
|UPI mandate expiry date||25-May-22|
In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.