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 OnWednesday 11-May-22
Bid/Offer Closes OnFriday 13-May-22
Price BandRs. 310 - Rs. 326 per equity share
Lot Size46 Shares

How to apply via Web Platform

The below table has important dates with respect to the IPO allotment and listing.

Finalization of Basis of Allotment19-May-22
Initiation of Refunds20-May-22
Credit of Shares to Demat Acct23-May-22
IPO Shares Listing Date24-May-22
UPI mandate expiry date25-May-22

How to Check Allotment Status

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.

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