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May 09, 2022
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.
