Everything You Need to Know About the Venus Pipes & Tubes Limited IPO

Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes that have applications in various sectors such as chemicals, engineering, fertilizers, pharmaceuticals, power, food processing, paper, and oil & gas.

The company manufactures products in two broad categories: seamless tubes/pipes, and welded tubes/pipes. Under which it manufactures products in five lines such as high precision & heat exchanger tubes, hydraulic & instrumentation tubes, seamless pipes, welded pipes, and box pipes.

Venus sells its products both domestic as well as internationally in 20 countries including Brazil, the UK, Israel, and countries in the European Union.

The public offer of Venus Pipes and Tubes comprises a fresh issue of 50.74 lakh equity shares aggregating up to Rs. 165.42 crores.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 120.51 3.75 2.86
March 2020 179.32 4.13 3.15
March 2021 312.03 23.63 18.04
Period ended December 31, 2021 278.28 23.60 15.5

For more information, you can check the IPO Prospectus filed by the company.

IPO Details

Issue Period 11th May 2022 to 13th May 2022
Price Range Rs. 310 to 326
Minimum Bid Quantity 46 and in multiples thereof
Finalization of Allotment 19th May 2022
Initiation of Refunds 20th May 2022
Credit of Shares 23rd May 2022
Date of Listing 24th May 2022
Mandate end date 29th May 2022
Anchor Investors Lock-in End Date To Be Confirmed

How do I apply to the Venus Pipes & Tubes IPO?

You can apply for the Venus Pipes & Tubes IPO using any supported UPI app by following two steps:

  • Enter your bid on Console
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Venus Pipes & Tubes IPO?

You can check the allotment status for the Venus Pipes & Tubes IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.

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