Venus Pipes & Tubes Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

11 May 2022

Close Date

13 May 2022

Allotment

19 May 2022

Listing Date

24 May 2022

Exchange

NSE & BSE

Price Band

₹326

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹326

Per share

Face Value

₹10 per share

Lot Size

46 Shares

per lot

Issue Size

50,74,100 shares (aggregating up to ₹165.42 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,996

1 lot

Pre-IPO Holding

1,52,22,010 shares

Promoters

Post-IPO Holding

2,02,96,110 shares

Promoters

P/E (Pre)

21.03x

UPI Deadline

2022-05-13

Mandate

Anchor AllotmentTue, 10 May 2022

Basis of AllotmentThu, 19 May 2022

Refund InitiationFri, 20 May 2022

Demat CreditMon, 23 May 2022

Listing DayTue, 24 May 2022

UPI Mandate Deadline2022-05-13

Sale TypeFresh Capital

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Venus Pipes & Tubes Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 13 May 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,074,100	100%	₹165.42

IPO Shares Offered

Venus Pipes & Tubes Ltd. IPO total issue size: ₹165.42 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	5,074,100	₹165.42	100.00%

* Based on upper price band ₹326 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹326.00

Upper Band

Min Investment

₹14,996

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	92	₹29,992
Retail (Max — 13 Lots)	13	598	₹194,948
S-HNI (Min — 14 Lots)	14	644	₹209,944
B-HNI (Min — 68 Lots)	68	3,128	₹1,019,728

* Issue Price ₹326 × Lot Size 46 shares

IPO Schedule

Anchor

10 May 2022

✓ Done

IPO Open

11 May 2022

✓ Done

IPO Close

13 May 2022

✓ Done

Allotment

19 May 2022

✓ Done

Refunds

20 May 2022

✓ Done

Demat Credit

23 May 2022

✓ Done

Listing Day

24 May 2022

✓ Done

₹326.00

INR · BSE

Fetching…

vs Issue Price

—

OPEN

—

HIGH

—

LOW

—

MKT CAP

—

P/E

—

52W HIGH

—

52W LOW

—

VOLUME

—

DIVIDEND

—

DIV YIELD

—

Loading…

Chart Not Available

Try again 2–3 days after listing.

Issue ₹326.00 Live Price

About Venus Pipes & Tubes Ltd.

Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories - seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes.Venus Pipes & Tubes Limited has one manufacturing plant which is located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat) with an installed capacity of 10,800 MT per annum.The company sells products in both domestic and international markets. Venus Pipes & Tubes exports its products to 18 countries including Brazil, the UK, Israel and countries in the European Union, etc.Competitive Strengths:International Accreditations and product approvals.Specialised production of Stainless Steel Pipes and Tubes.Multi-fold demand for our Products.Customer Diversification.Experienced and Qualified Team.

Objects of the Issue

1 Financing the project cost towards capacity expansion and backward integration for manufacturing of Hollow Pipes

2 To meet the long term working capital requirements

3 General corporate purposes

Venus Pipes & Tubes Ltd. Financials (Amount in Crore)

Revenue from Operations

₹179.3

31-Mar-20

₹312.0

31-Mar-21

₹278.3

31-Dec-21

Profit After Tax (PAT)

₹4.1

31-Mar-20

₹23.6

31-Mar-21

₹23.6

31-Dec-21

Particulars	31-Dec-21	31-Mar-21	31-Mar-20
Revenue from Operations	278.28	312.03	179.32
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	23.60	23.63	4.13
Net Worth	N/A	N/A	N/A
Total Assets	246.28	137.54	107.19
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered50,74,100 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding1,52,22,010 shares

Post-Issue Promoter Holding2,02,96,110 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

venus.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

SMC Capitals Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Venus Pipes & Tubes Ltd. IPO subscribed? ▲

Venus Pipes & Tubes Ltd. IPO is subscribed 1.00 times by May 13, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Venus Pipes & Tubes Ltd. IPO retail subscription status? ▼

The Venus Pipes & Tubes Ltd. IPO retail category is subscribed 1.00 times as of 13 May 2022. The retail portion is oversubscribed.

How to subscribe Venus Pipes & Tubes Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 11 May 2022 and closes 13 May 2022. Min investment: ₹14,996 (1 lot = 46 shares). UPI mandate: 2022-05-13.

How many times Venus Pipes & Tubes Ltd. IPO subscribed? ▼

The Venus Pipes & Tubes Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Venus Pipes & Tubes Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 19 May 2022. Refunds: on 20 May 2022.

When Venus Pipes & Tubes Ltd. IPO will be listed? ▼

The Venus Pipes & Tubes Ltd. IPO listing date is 24 May 2022, Tuesday. Listed on: NSE & BSE. Issue price: ₹326. Estimated listing: ₹326. GMP: NIL.

When Venus Pipes & Tubes Ltd. IPO close? ▼

The Venus Pipes & Tubes Ltd. IPO closes on 13 May 2022, Friday. UPI mandate: 2022-05-13. Allotment: 19 May 2022. Listing: 24 May 2022.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹326.00

Change—

Issue Price₹326.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹326

Face Value₹10

Lot Size46 Sh

Min. Amount₹14,996

GMPNIL

Est. Listing₹326

Subscribed1.00x

Open Date11 May 2022

Close Date13 May 2022

Allotment19 May 2022

Listing Date24 May 2022

ExchangeNSE & BSE

UPI Deadline2022-05-13