Venus Pipes & Tubes Share Price Gains Over 7% as It Initiates ₹371.99 Crore Equity Placement

On September 16, 2026, Venus Pipes & Tubes Limited announced a strategic move to raise funds through a private equity placement.  

The board of directors approved the resolution on September 16, 2026, aiming to issue shares to select public investors, as per the exchange filings. 

On September 17, 2026, the Venus Pipes & Tubes Share Price hit 52 Week High at ₹2,098.90 on NSE. 

Equity Placement Details 

The company plans to issue 22,27,544 equity shares to institutional and public allottees, generating a total of ₹371,99,98,480.  

Each share is priced at ₹1,670, which includes a face value of ₹10 and a premium of ₹1,660. 

Capital Utilisation Strategy 

Venus Pipes & Tubes intends to allocate ₹344 crore from the raised capital to pre-pay historical banking debt. The remaining ₹28 crore will be used for general corporate purposes.  

The deployment of funds is planned to be completed within 6 months from the filing of the allotment return. 

Allotment Roster 

The equity placement involves 18 non-promoter public entities and investment funds. Notable subscribers include Ashoka Whiteoak ICAV, India Acorn Fund, and Kitara PIIN.  

Domestic participants such as Carnelian Bharat Amritkaal Fund and Tata Multicap Fund are also involved. Public individual investor Ashish Kacholia has secured an allocation of 1,79,640 shares. 

Extra-Ordinary General Meeting Scheduled 

The board has scheduled an Extra-Ordinary General Meeting for October 8, 2026, at 3:00 PM IST.  

The meeting will be conducted via remote audio-visual systems, where shareholders will vote on the special resolution to finalise pricing and equity locks.  

The pricing benchmark date was set as September 8, 2026. 

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Venus Pipes and Tubes Share Price Performance 

As of September 17, 2026, at 1:48 PM, Venus Pipes and Tubes share price on NSE was trading at ₹2,091.00, up by 7.89% from the previous closing price. 

Conclusion 

Venus Pipes & Tubes plans to raise ₹371,99,98,480 through a private equity placement, issuing 22,27,544 shares at ₹1,670 each. The capital will address ₹344 crore in debt pre-payment and ₹28 crore for corporate purposes. 

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