Venus Pipes & Tubes IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed discussion around all the important facets of the upcoming Venus IPO. The company is engaged in the business of stainless steel pipes and tubes and has successfully earned the position as a prominent name.
Below here, we have gathered all the information about the company, its background, operations, products and services, its diversification, IPO, grey market premium, allotment status, subscription status, pricing of the shares, offerings to the public and all other aspects of interest for the investors.
So, continue this Venus IPO Review.
| Face Value | Rs 10 |
| Price Band | Rs.310 to Rs.326 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 46 Shares |
| Listing Date | May 24, 2022 |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.165.42 crore |
| IPO Size | Rs.165.42 crore |
| Tick Size | 1 |
Venus Pipes & Tubes IPO Overview
The Venus IPO is being proposed in order to advance expansion and supporting the Working Capital Requirement. With this IPO, the company is looking forward to offer Rs.165.42 crore equity shares by means of an initial share sale.
No new shares will be offered to the public. In the further sections, we will analyze whether this IPO will embellish your investment portfolio or not.
Venus Pipes & Tubes IPO Important Dates
| Events | Date |
| IPO Opening Date | May 11, 2022 |
| IPO Closing Date | May 13, 2022 |
| Basis of Allotment Finalization | May 19, 2022 |
| Refunds Initiation | May 20, 2022 |
| Credit of Shares to Demat Account | May 23, 2022 |
| Share Listing Date | May 24, 2022 |
Venus Pipes & Tubes Limited has filed the DRHP document in pursuance of seeking approval from the regulatory authority, SEBI. Once, the DRHP is approved, the Venus IPO Dates relevant for the IPO will also be declared.
With this IPO, the company is aiming at executing its expansion plans and introduce technological advancements to its operations. Additionally, the IPO is being proposed to maintain long term working capital requirements.
The company is in operations and offering its goods since 2015.
Venus Pipes & Tubes IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs.310 to Rs.326 |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.165.42 crore |
| IPO Size | Rs.165.42 crore |
The face value of the shares offered by Venus Pipes & Tubes Limited is Rs. 10 each. Venus IPO Price will be determined by the entity with the Book Building Process in consultation with BRLMs.
The Venus IPO Size is Rs.165.42 crore equity shares which are being sold in this IPO.
As per the reports, the IPO will be of somewhere around Rs 310 – Rs 326 crores in aggregate. Subsequently, the shares will be listed on NSE and BSE.
Venus Pipes & Tubes IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 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 |
Since, the IPO is not launched yet, the Grey Market is not active till now in respect of the proposed by Venus Pipes and Tubes Limited.
Information with reference to Venus IPO GMP will be made available to you in this section as soon as the Grey Market trading will start for the trading of Venus shares.
Grey Market is a non-regulated market which investors observe to anticipate the pricing at which the shares will be listed on the main board.
Venus Pipes & Tubes IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 11th May | 0.36x | 0.92x | 4.00x | 2.30x |
| 2nd Day – 12th May | 0.36x | 2.59x | 7.52x | 4.42x |
| 3rd Day – 13th May | 12.02x | 15.66x | 19.04x | 16.31x |
| Shares Offered or Net Issue | 1,014,864 | 761,115 | 1,775,935 | 3,551,914 |
The subscription status will be available after the IPO is open and the bids are being placed for the allotment by the interested investors. The portions reserved for the different categories of investors are not defined yet.
Each detail related to the IPO will be updated the moment it is made available to the public.
Venus IPO Subscription will be determined according to the demand received by the company for the offered shares in the IPO.
The Lead Managers of the issue are:
- SMC Capitals Limited
The details in respect of the price band and subscription will be made available in a short time.
Venus Pipes & Tubes IPO Allotment Status
There is no information available in respect of the Venus IPO Allotment. The basis of allotment will be determined by the company in consultation with its BRLM.
Kfin Technologies Private Limited is the registrar for the issue.
Venus Pipes & Tubes IPO Live Performance
To check out the live performance of the Venus IPO Share Price from the link given below in this regard. Here, you will find the latest information about the price and performance of the shares once they are listed on the exchange.
Subscribe to Venus Pipes & Tubes IPO – Open Free Demat Account Now!
Latest Venus Pipes & Tubes IPO News
Venus Pipes & Tubes Limited has filed its preliminary papers for seeking approval from SEBI on IPO in December 2021.
Venus Pipes & Tubes – Company Review
Venus Pipes & Tubes Limited embarked its journey in the year 2015 as a stainless steel pipes and tubes manufacturers and exporters operating from Kutch, Gujarat.
The company has an extensive 6 years of experience and its rigorous attempts towards excellence are only enhancing its worth in the present market. In 2017, it started exporting its goods to other countries and by October 2021 only, it has successfully established exports in 18 countries which itself is incredible.
Products or Services
Venus Pipes & Tubes Limited mainly offers its good in two broad categories, namely, seamless tubes/pipes and welded tubes/pipes.
Further, under these, the entity has products like stainless steel box pipes, stainless steel high precision & heat exchanger tubes, stainless steel welded pipes, stainless steel seamless pipes and stainless steel hydraulic & instrumentation tubes.
Venus has spread its reach across India through direct supplies to customers and through traders. It also serves internationally in over 18 countries which gives it international recognition.
Promoters and Holding
The founders of the Gurugram based company, Venus Pipes & Tubes are Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari
The company is professionally managed and does not have any identifiable promoters. The management of Venus Pipes & Tubes comprises of the following:
- Jayantiram Motiram Choudhary holds the position of Chairman and Non-Executive Director
- Arun Axaykumar Kothari holds the position of Managing Director and CFO
- Megharam Sagramji Choudhary holds the position of Whole Time Director
- Dhruv Mahendrakumar Patel holds the position of Whole Time Director
Is Venus Pipes & Tubes good for Investment?
Currently, Venus Pipes & Tubes Limited stands in a stable state. Even after being hit by the COVID-19 and other adverse situations, Venus Pipes & Tubes is emerging as a profit making entity.
Venus is continuously diversifying its product line as its scope of operations. The entity maintains a high quality commitment in its products and has gained a distinct position in the industry for the same.
Company procures its raw material from domestic as well outside sources as per the requirement.
Impressively, the entity serves across various sectors, some of them are, engineering, oil and gas, pharmaceuticals, chemicals, paper and many more.
Venus Pipes & Tubes Financial Statements
| Amount (in INR & Million) | ||||
| 31-Dec-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 2,462.76 | 1,375.39 | 1,071.91 | 791.23 |
| Revenue | 2,782.80 | 3,120.31 | 1,793.22 | 1,205.06 |
| Expense | 2,465.76 | 2,810.80 | 1,728.35 | 1,155.61 |
| Profit After Tax | 235.95 | 236.32 | 41.28 | 37.50 |
Venus Pipes & Tubes Limited has reported a revenue of Rs. 309.33 crores and has earned a profit of Rs. 23.63 crores for the financial year ending March 2021.
The EPS of the company has shown a rapid rise from being Rs. 4.73 for the year 2020 to becoming Rs. 27.06 for the year 2021.
As on the date of the DRHP, the promoters of the entity held 84,69,759 Equity Shares which represents around 55.64 % of the capital of the company.
| 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 |
Venus Pipes & Tubes IPO Review
In pursuance of the Venus IPO, the company has converted itself from a private company to a public company and consequently has changed its name from Venus Pipes & Tubes Private Limited to Venus Pipes & Tubes Limited.
The company was formed as a private company and in a tenure of 6 years, it is a huge step of becoming public and getting its shares listed on the main board. The IPO is wholly an Offer for Sale where the promoters and the existing shareholders will be offloading their shares.
The entity is enlarging its capacity and in a same attempt, it is proposing the IPO. As per the stated objects also, the entity will be utilizing the proceeds towards making necessary changing technological advancements to expand its operations.
Venus Pipes & Tubes IPO Details
Here are few more details you need to know before investing in Venus Pipes & Tubes IPO –
Venus Pipes & Tubes IPO Issue Object
Venus Pipes & Tubes has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Financing the project cost towards capacity expansion, technological upgradation, cost optimization of our
operations and support to the manufacturing facility and backward integration for manufacturing of hollow
pipes; - To meet long-term working capital requirements; and
- General corporate purposes, subject to the applicable laws
Venus Pipes & Tubes IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- International Accreditations and product approvals,
- Specialised production of Stainless-Steel Pipes and Tubes,
- Multi-fold demand of our Products,
- Customer Diversification, and
- Experienced & Qualified Team
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 18.04 | 59.18 | 30.48 |
| 31-Mar-20 | 3.15 | 25.36 | |
| Mar-19 | 2.86 | 30.80 |
Venus Pipes & Tubes IPO Lead Managers
Here are the list of Lead managers –
- SMC Capitals Limited
Venus Pipes & Tubes IPO Registrar to offer
Check out the details of registrar here –
KFIN TECHNOLOGIES PRIVATE LIMITED
Selenium, Tower B, Plot No- 31 and 32, Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareddi 500 032, Telangana, India.
Tel: +9140 6716 2222
E-mail: venus.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: M Murli Krishna
SEBI Registration No.:INR000000221
Venus Pipes & Tubes IPO – Other Details
- Statutory Auditor – M/s Maheshwari & Co
- Legal Counsel to the Company – L&L Partners
- Bankers to the Company – Karnataka Bank Limited and Bandhan Bank Limited
Venus Pipes & Tubes IPO Verdict by Stock Brokers
Review by Angel One: While Venus Pipes & Tubes may have achieved unicorn status, it is still a loss-making entity.
However, it remains to be seen how this company will perform on the bourses, given that several new rules have been implemented.
Venus Pipes & Tubes IPO – Conclusion
According to the information as available upto now, the IPO is decent, the company is progressing consistently and holds credible value. Further reports and reviews will unleash the facts regarding where this IPO will head.
To Subscribe to Venus Pipes & Tubes IPO – Open Demat Account Now!
Venus Pipes & Tubes IPO Review FAQs
Check out the FAQs on Venus Pipes & Tubes IPO –
What is the Issue Size of Venus Pipes & Tubes IPO?
The Company is making an initial public offer of 50,74,100 equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Venus Pipes & Tubes IPO?
The price band for this particular IPO ranges between Rs.310 to Rs.326. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Venus Pipes & Tubes IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on May 11, 2022, while the closing date is set at May 13, 2022.
What is the Venus Pipes & Tubes IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on May 19, 2022, refund initiation is on May 20, 2022, credit of shares is on May 23, 2022, and share listing date is on May 24, 2022.
What is the Venus Pipes & Tubes IPO Listing Date?
Shares of this company shall be listed in the exchanges May 24, 2022. The date, when the listing would be done, is stagnant on May 24, 2022.
Who is the Registrar of Venus Pipes & Tubes IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Venus Pipes & Tubes IPO?
Here are the promoters of this IPO – MEGHARAM SAGRAMJI CHOUDHARY, JAYANTIRAM MOTIRAM CHOUDHARY, DHRUV MAHENDRAKUMAR PATEL AND ARUN AXAYKUMAR KOTHARI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Venus Pipes & Tubes IPO?
They have obtained the GMP of this IPO and it is Rs.30. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Venus Pipes & Tubes IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Venus Pipes & Tubes Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 236.32, 2020 is 41.28, 2019 is 37.50. PAT from Dec 2021 is 235.95.
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