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Let’s have a detailed review of the company and analytics of the Venus Pipes & Tubes IPO release date, IPO offer price, subscription, Venus Pipes and Tubes Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs Million
IPO SizeRs Million
Tick Size1

Venus Pipes & Tubes IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Venus Pipes & Tubes IPO – Summary

Venus Pipes & Tubes IPOThey are one of the growing stainless steel pipes and tubes manufacturers and exporters in India having over six years of experience in the manufacturing of stainless steel tubular products.

They have one manufacturing plant which is strategically located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat) (“Manufacturing Facility”) in close proximity, around 55 kilometers and 75 from the ports of Kandla and Mundra, respectively, that helps them in reducing their logistic costs on procurement of raw materials and imports and export of their products.

The Promoter of this company is MEGHARAM SAGRAMJI CHOUDHARY, JAYANTIRAM MOTIRAM CHOUDHARY, DHRUV MAHENDRAKUMAR PATEL, AND ARUN AXAYKUMAR KOTHARI. The lead manager to the issue is SMC Capitals Limited, and the Registrar to this issue is KFIN TECHNOLOGIES PRIVATE LIMITED.


Venus Pipes & Tubes IPO Date

The opening and the closing date of Venus Pipes & Tubes IPO are not available yet.

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Venus Pipes & Tubes IPO GMP
Allotment – Venus Pipes & Tubes IPO

Venus Pipes Tubes IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Venus Tubes IPO LIVE Subscription

  • Venus Pipes IPO LIVE Bid details on BSE
  • Venus Pipes IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Venus Pipes & Tubes IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Venus Pipes Tubes  IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Venus Pipes & Tubes IPO Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


Venus Pipes & Tubes IPO Size

This Initial Public Issue of 5,074,100 Equity Shares of Rs.10 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Venus Pipes & Tubes IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: 5,074,100 Equity Shares of Rs.10 each, aggregating to Rs.[●] Million


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    Venus Pipes & Tubes IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Venus Pipes & Tubes Share Price

    Venus Pipes & Tubes IPO Grey Market Premium

    The Venus Pipes IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Venus Pipes & Tubes IPO – Company Overview

    Their Manufacturing Facility has separate seamless and welded divisions with the latest product-specific equipment and machinery including tube mills, Pilger mills, draw benches, swaging machines, pipe straightening machines, TIG/MIG welding systems, plasma welding systems, etc.

    As of October 31, 2021, their Manufacturing Facility has a total installed capacity of 10,800 MT per annum. Further, they have a storage facility at their Manufacturing Facility for the purposes of holding inventories of raw material as well as finished products, in addition to a warehouse facility located at Ahmedabad, which ensures the stability of operations.

    Their basic raw material includes SS coils and hollow pipes and they procure their raw materials based on market availability, pricing, and quality through three main channels: (i) domestic suppliers such as steel manufacturers, stockists, and traders; (ii) international suppliers from China, Indonesia, Malaysia and Singapore; and (iii) high sea purchases.

    They sell their products both in the domestic as well as the international markets. In the domestic market, they sell their products to customers as well as traders/stockists.


    Venus Pipes & Tubes IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-Jun-2131-Mar-21Mar-2031-Mar-19
    Total Assets1,491.971,375.391,071.91791.23
    *Total Revenue823.383,120.311,793.221,205.06
    Total Expense732.382,810.801,728.351,155.61
    Profit After Tax68.06236.3241.2837.50

    Earnings per Equity Share (in Million)

    30-Jun-2131-Mar-21Mar-2031-Mar-19
    Basic & Diluted7.7927.064.734.29

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 236.32 Million, Rs. 41.28 Million, and Rs. 37.50 Million respectively.


    Venus Pipes & Tubes IPO – Promoters

    The Promoter of this company is:

    1. MEGHARAM SAGRAMJI CHOUDHARY,
    2. JAYANTIRAM MOTIRAM CHOUDHARY,
    3. DHRUV MAHENDRAKUMAR PATEL
    4. ARUN AXAYKUMAR KOTHARI

    List of Related Parties (Key Managerial Personnel)

    • Jayantiram Motiram Choudhary, Chairman, and Non-Executive Director
    • Arun Axaykumar Kothari, Managing Director
    • Megharam Sagramji Choudhary, Whole Time Director
    • Dhruv Mahendrakumar Patel, Whole Time Director
    • Kailash Nath Bhandari, Independent Director
    • Pranay Ashok Surana, Independent Director

    Venus Pipes IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    Venus Pipes & Tubes IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 5,074,100 Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue15,222,010 Equity Shares
     Equity Shares outstanding after the Issue20,296,110 Equity Shares

    Venus Pipes & Tubes IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Financing the project cost towards capacity expansion, technological upgradation, cost optimization of their operations and support to the manufacturing facility, and backward integration for manufacturing of hollow pipes;
    2. To meet long-term working capital requirements; and
    3. General corporate purposes, subject to the applicable laws

    Venus Pipes & Tubes IPO – Business Strategy

    • Increasing existing capacity
    • Backward integration and cost optimization to improve margins
    • Tap new geographies to increase export
    • Continue to improve operating efficiencies through technology enhancements
    • Strengthen their brand value

    Venus Pipes 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,
    • Specialized production of Stainless-Steel Pipes and Tubes,
    • Multi-fold demand of their Products,
    • Customer Diversification, and
    • Experienced & Qualified Team

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-2118.0459.1830.48
    31-Mar-203.1525.36
    Mar-192.8630.80

    Venus Pipes & Tubes IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Venus Pipes & Tubes Limited10[●]18.0459.183,120
    Listed Peers
    Jindal Saw Limited29.4310.024.69108,720
    Ratnamani Metal & Tubes Limited232.0659.0713.923,415

    Venus Tubes IPO Lead Managers

    Lead Managers
    SMC Capitals Limited
    E- 401/402, Lotus Corporate Park,
    Off Western Express Highway,
    Jai Coach Signal, Goregaon (East), Mumbai – 400063
    Tel: 022 – 66481818
    E-mail: ipo.venus@smccapitals.com
    Investor Grievance e-mail: investor.grievance@smccapitals.com
    Website: www.smccapitals.com
    Contact Person: Mr. Satish Mangutkar/ Mr. Ankur Sharma
    SEBI Registration Number: INM000011427

    Venus Pipes and Tubes IPO Registrar to offer

    Registrar to the Offer
    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 – Maheshwari & Co., Chartered Accountants
    • Legal Counsel to the Company – L&L Partners
    • Bankers to the Company –  Karnataka Bank Limited, and Bandhan Bank Limited


    Venus Pipes & Tubes IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Venus Pipes & Tubes Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Venus Pipes & Tubes IPO Review FAQs

      What is the Issue Size of Venus Pipes and Tubes IPO?

      The Company is making an initial public offer of 5,074,100 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 NA. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Venus Pipes IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

      What is the Venus Pipes IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      What is the Venus Pipes IPO Listing Date?

      Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Who is the Registrar of Venus 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 and 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 and Tubes IPO?

      They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Venus Pipes and 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?

      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 June 2021 is 68.06.


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