Venus Pipes & Tubes IPO GMP / Grey Market Premium, Kostak Rates & SS Today
Last Updated Date: Nov 16, 2022Venus Pipes & Tubes is about to release its IPO on May 11, 2022. The issue is closing on May 13, 2022 and is currently having an active grey market.
The Venus Pipes & Tubes IPO GMP is running at a stable rate as per the current situation.
In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.
However, the QIB and the HNI numbers are the key indicators of GMP in the case of Venus Pipes & Tubes IPO. The company is intended to raise Rs.165.42 crore by the released issue.
Venus Pipes & Tubes IPO GMP Rates, Kotak rates & SS
This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue.
You can check this table related to know the IPO size, price band along with listing details, and more.
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 24 May 2022 | Rs.30 | Rs.300 | Rs.1000 |
| 23 May 2022 | Rs.30 | Rs.300 | Rs.1000 |
| 21 May 2022 | Rs.25 | Rs.300 | Rs.1000 |
| 20 May 2022 | Rs.25 | Rs.300 | Rs.1000 |
| 19 May 2022 | Rs.45 | Rs.300 | Rs.1000 |
| 18 May 2022 | Rs.25 | Rs.300 | Rs.1000 |
| 17 May 2022 | Rs.25 | Rs.300 | Rs.1000 |
| 16 May 2022 | Rs.20 | Rs.300 | Rs.1000 |
| 13 May 2022 | Rs.30 | Rs.300 | Rs.1000 |
| 12 May 2022 | Rs.35 | Rs.300 | Rs.1000 |
| 11 May 2022 | Rs.25 | Rs.300 | Rs.1000 |
| 10 May 2022 | Rs.35 | Rs.300 | Rs.1000 |
| 9 May 2022 | Rs.20 | Rs.300 | Rs.1000 |
| 7 May 2022 | Rs.35 | Rs.300 | Rs.1000 |
| 6 May 2022 | Rs.35 | Rs.400 | Rs.1200 |
| 5 May 2022 | NA | Rs.400 | Rs.1200 |
| 4 May 2022 | NA | Rs.350 | NA |
| 3 May 2022 | NA | NA | NA |
Check out Related IPO Links:
| Review Venus Pipes & Tubes IPO |
| Venus Pipes & Tubes IPO Allotment |
| LIVE Subscription – Venus Pipes & Tubes IPO |
Open Free Demat Account Now!
Venus Pipes & Tubes IPO Date / Timetable
Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.
| IPO Open Date | May 11, 2022 |
| IPO Close Date | May 13, 2022 |
| Basis of Allotment Date | May 19, 2022 |
| Initiation of Refunds | May 20, 2022 |
| Credit of Shares to Demat Account | May 23, 2022 |
| IPO Listing Date | May 24, 2022 |
Venus Pipes & Tubes IPO – Financial Performance
The below-given table will give you an overall idea of the company’s financial performance. Check their net profit and loss statement about Venus Pipes & Tubes IPO.
| Amount (in INR & Million) | ||||
| 31-Dec-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 2,462.76 | 1,375.39 | 1,071.91 | 791.23 |
| *Total Revenue | 2,782.80 | 3,120.31 | 1,793.22 | 1,205.06 |
| Total Expense | 2,465.76 | 2,810.80 | 1,728.35 | 1,155.61 |
| Profit After Tax | 235.95 | 236.32 | 41.28 | 37.50 |
Earnings per Equity Share (in Million)
| Earnings per Equity Share (in Million) | ||||
| 31-Dec-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 15.50 | 27.06 | 4.73 | 4.29 |
FAQs Related to Venus Pipes & Tubes IPO GMP
Check out FAQs on Venus Pipes & Tubes IPO Grey Market Premium here –
What is the current Venus Pipes & Tubes IPO GMP Price?
As on today, the Venus Pipes & Tubes IPO GMP is Rs.30.
What is the current Venus Pipes & Tubes IPO Kostak Rate?
The Kostak rate is Rs.300 for Venus Pipes & Tubes IPO.
What is today’s Venus Pipes & Tubes IPO Subject to Sauda Rate?
As on today, the Venus Pipes & Tubes IPO Subject to Sauda is Rs.1000.
Where to Check Venus Pipes & Tubes IPO Allotment & Listing?
However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: IPO Allotment Status
What is Kostak Price?
To apply for an IPO, there is an application price or application charges that come along and is known as Kostak price. It is actually the premium amount at which IPO applications are being traded in the grey market.
Is GREY market buy or sell shares illegal?
Grey Market is basically trading that takes place before the stock of a company gets enlisted on the stock exchange.
It takes place before the IPO release and the prices may change at any time. Hence, it is unofficial trading and hence, not “illegal”.
Disclaimer:
The Venus Pipes & Tubes IPO GMP which is mentioned in the table here is only valid for a specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing the issue. He or she can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on the IPO Grey market.
It is also requested that please do not subscribe for an IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the fundamentals of the companies.