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Venus Pipes and Tubes IPO - Details

Venus Pipes and Tubes has set a date for its initial public offering, i.e., 11 May 2022. The firm is planning to raise Rs. 165.42 crores with this public issue. It comprises a fresh issue of 50,74,100 equity shares. The IPO will close on 13 May, and the company will list its stocks on the BSE and NSE. Further, 35% is allotted for the retail quota and 50% and 15% for QIB and NII, respectively.

Issue Type

Book Built Issue IPO

Listing at

BSE, NSE

IPO Price Band

Rs. 310 to Rs. 326 per share

Face Value

Rs. 10

per share

Market Lot

46 shares

Minimum Order Quantity

46 shares

Issue Type

Book Built Issue IPO

Listing at

BSE, NSE

IPO Price Band

Rs. 310 to Rs. 326 per share

Face Value

Rs. 10

per share

Market Lot

46 shares

Minimum Order Quantity

46 shares

Listing at NSE, BSE

Important Dates for Venus Pipes and Tubes IPO

Investors interested in the initial public offering of Venus Pipes and Tubes should note the following important dates.

IPO opens on 11 May 2022
IPO closes on 13 May 2022
Basis of Allotment publication date 19 May 2022
Credit of shares to Demat Account 23 May 2022
Initiation of Refund 20 May 2022
IPO listing 24 May 2022

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Venus Pipes and Tubes IPO Latest News and Subscription Status Today [Live]

At 5:05:00 PM.
  • This IPO has been subscribed 16.31x by 5:05 PM. on Day 3
  • It is a public issue of 35,51,914 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 12.02x
  • (NII) Non-institutional buyers: 15.69x
  • (RII) Retail Individual buyers: 19.04x
At 10:50:00 AM.
  • This IPO has been subscribed 5.86x by 10:50 AM. on Day 3
  • It is a public issue of 35,51,914 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.36x
  • (NII) Non-institutional buyers: 3.66x
  • (RII) Retail Individual buyers: 9.94x
At 5:05:00 PM.
  • This IPO has been subscribed 4.43x by 5:05 PM. on Day 2
  • It is a public issue of 35,51,914 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.36x
  • (NII) Non-institutional buyers: 2.61x
  • (RII) Retail Individual buyers: 7.52x
At 10:50:00 AM.
  • This IPO has been subscribed 2.93x by 10:50 AM. on Day 2
  • It is a public issue of 35,51,914 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.36x
  • (NII) Non-institutional buyers: 1.31x
  • (RII) Retail Individual buyers: 5.10x
At 5:05:00 PM.
  • This IPO has been subscribed 2.37x by 5:05 PM. on Day 1
  • It is a public issue of 35,51,914 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.36x
  • (NII) Non-institutional buyers: 1.00x
  • (RII) Retail Individual buyers: 4.10x

About Venus Pipes and Tubes

India-based Venus Pipes and Tubes Limited is a leading producer as well as exporter of stainless steel tubular products, including pipes and tubes made of stainless steel. The manufacturing base of this company is established in Kutch, Gujarat. In addition, this facility comes with 10,000 MT per annum of installed capacity. To further expand its market reach, the company filed its DRHP with the SEBI to go ahead and float an IPO.

Objectives of Venus Pipes and Tubes IPO

By issuing an observation letter, the Securities and Exchange Board of India (SEBI) has given clearance to the firm to launch its initial public offering (IPO). The proceeds from this public issue will be used towards financing its expansion plans and backward integration to help manufacture hollow pipes at its facility and meet working capital. According to the draft prospectus, the objectives of this initial share sale are as follows:

  • To fulfil the long-term working financial needs.

  • The funds will boost their production capacity and bring down costs to compete better in the global market.

  • To meet the requirement of general corporate purposes.

Why Should I Invest in Venus Pipes and Tubes IPO?

Here are the reasons why individuals should subscribe to this initial public offering.

  • The company is managed by professionals and is devoid of any identifiable promoters.

  • Even after going through an adverse situation, the firm has managed to increase its profit margins through and through.

  • Venus Pipes and Tubes continuously diversifies both the product line and scope of operations.

  • This company has captured a distinct position inside the industry for maintaining a high-quality commitment to its products.

  • It receives raw materials from national and international sources as per the need.

  • Venus Pipes and Tubes is known to serve varied sectors with aplomb. These sectors are chemicals, paper, oil and gas, engineering, pharmaceuticals, etc.

Financial Highlights of Venus Pipes and Tubes

As mentioned in its DRHP submitted to market regulator SEBI, the financial highlights of Venus Pipes and Tubes for the past three years are stated in the table below.

Financial Year

Total Assets in Millions

Total Revenue in Millions

Profit After Tax in Millions

FY 2021

Rs. 1,375.39

Rs. 3,120.31

Rs. 236.32

FY 2020

Rs. 1,071.91

Rs. 1,793.22

Rs. 41.28

FY 2019

Rs. 791.23

Rs. 1,205.06

Rs. 37.50

How to Apply for Venus Pipes and Tubes IPO?

You can apply for an IPO via two routes. They are outlined in the sections below:

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Venus Pipes Tubes Limited IPO and approve the payment on your UPI ID.

Demat Account

Noteworthy Highlights of Venus Pipes and Tubes

The following are the noteworthy highlights for interested investors to consider:

  • Venus Pipes and Tubes is one of the fastest growing stainless steel manufacturing and exporting companies in the nation.

  • This company has 6 years of experience in producing stainless-steel tube and pipe products. It specialises in producing welded tubes and pipes and seamless tubes and pipes.

  • Under the brand name "Venus", the company supplies products for use in different sectors, including engineering, chemicals, food processing, power, paper, fertilisers, oil and gas, and pharmaceuticals.

  • Domestically, these products are sold to customers through a network of independent sales representatives, company-operated retail stores, and distribution centres. Internationally, they are sold directly to customers or through a network of distributors in around 18 countries.

SWOT Analysis of Venus Pipes and Tubes

Strength

    • Theproduction plant of Venus Pipes and Tubesis divided into two divisions. One division manufactures seamless pipe, while the other manufactures welded pipe. Together they can manufacture 10,800 metric tons of pipes per year.

    • Traditionally, this company sells its products to local traders and in the domestic market, while they sell their products to international traders or authorised distributors exclusively as well as some marketing agents in the global market.

    • The management team of this firm has considerable experience in product marketing and sales.

    • The quality control team of Venus Pipes and Tubes checks all the raw materials and finished products to be sure they comply with international standards.

    • The firm has a high number of experienced, senior executive professionals who have worked with the company for many years, which offers operational collaboration and continuity in business strategy.

Weakness

    • The presence of other large established competitors in the market and a failure to compete successfully can lead to a decrease in the demand for the products of Venus Pipes and Tubes.
    • There are uncertainties in demand since there is no assurance that customers or suppliers will continue business relationships.
    • Products of Venus Pipes and Tubes can become obsolete when better technology is developed or when consumers start preferring alternate products.
    • The company is vulnerable to claims that it has infringed on the intellectual property rights of others.

Opportunity

    • Venus Pipes and Tubes boasts product approvals and international accreditations.
    • The firm specialises in the production of pipes and tubes made of stainless steel.
    • Venus Pipes and Tubes experiences diversified product demands.
    • The company has an increasingly diversified customer base as it extends its reach around the world.

Threats

    • The top ten clients of Venus Pipes and Tubes have traditionally generated a high percentage of the company's revenue.This pattern is expected to continue in the future.

    • The company is subject to exchange-rate fluctuations and currency controls, both of which may adversely affect its profits.

    • Venus Pipes and Tubes has put down binding financial agreements that restrict the freedom of its operations.

    • The firm has received financial assistance from its promoters and directors in the form of personal guarantees.

Market Peers of Venus Pipes and Tubes

Name of the Company

Revenue in Crores

Jindal Saw Limited

Rs. 8,244.16

Ratnamani Metal & Tubes Limited

Rs. 2,298

Frequently Asked Question

What is the maximum lot size in Venus Pipes and Tubes IPO?

In this public issue, the maximum lot size is 13, consisting of 598 shares of Venus Pipes and Tubes.

What is the investors’ reservation quota for the Venus Pipes and Tubes IPO?

This IPO consists of a fresh issue of Rs. 165.42 crores. Of the total outlay, 50% has been reserved for qualified institutional buyers (QIBs), 35% for retail investors (RII), and 15% for non-institutional investors (NII).

What is the issue size of Venus Pipes and Tubes IPO?

The initial public offering of Venus Pipes and Tubes will open for public subscription on 11 May, with the sale of 50.74 lakh equity shares concluding on 13 May.

What is the price band of Venus Pipes and Tubes IPO?

The price band for the Venus Pipes and Tubes IPO is Rs. 310 to Rs. 326 per share.

Who is the owner of Venus Pipes and Tubes?

Megharam Sagramji Choudhary, Shyam Agrawal, Komal Lokesh Khadaria, Pranay Ashok Surana, Dhruv Mahendrakumar Patel, Kailash Nath Bhandari, Jayantiram Motiram Choudhary, and Arun Axaykumar Kothari are all directors of Venus Pipes and Tubes Limited.

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