Venus Pipes & Tubes GMP IPO, Venus Pipes Grey Market Premium
Venus Pipes & Tubes IPO: Venus Pipes & Tubes IPO GMP (Venus Pipes & Tubes Grey Market Premium), Venus Pipes & Tubes IPO Date, Venus Pipes & Tubes IPO Review, Venus Pipes & Tubes IPO Benefits & Risks. We will update Venus Pipes & Tubes GMP daily. Also, all information related to Venus Pipes & Tubes IPO like price band, all dates, issue size and retail parts etc. All the important information about Venus Pipes & Tubes IPO is given below.
Venus Pipes & Tubes IPO
Venus Pipes & Tubes Ltd. is primarily a manufacturer of Stainless Steel Pipes and Tubes. Venus Pipes & Tubes Limited is a leading provider of Stainless Steel Pipes and Tubes for demanding and challenging applications. The IPO Date of Venus Pipes & Tubes is 11 May 2022 and the IPO closing date is 13 May 2022. Venus Pipes & Tubes Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 165 crore through IPO (Initial public offering).
Venus Pipes & Tubes IPO will open on 11 May 2022 and close on 13 May 2022. The price band of the Venus Pipes & Tubes IPO is ₹310 to ₹326. The company is looking to raise around ₹165 crores through an initial public offering (IPO). Venus Pipes & Tubes IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Venus Pipes & Tubes's IPO listing date is 24 May 2022. You can know about Venus Pipes & Tubes IPO GMP (Grey Market Premium) below.
The company has made a profit of ₹23.63 crores in the financial year 2021 (March 2021). Venus Pipes & Tubes IPO Size is ₹165 crores. The IPO of Venus Pipes & Tubes will be listed on NSE and BSE. Venus Pipes & Tubes IPO face value is ₹10 per equity share.
We will talk about Venus Pipes & Tubes's financial, benefits, and risks of investing in the company.
Read About
What is Venus Pipes & Tubes IPO GMP Today?
Venus Pipes & Tubes IPO GMP is ₹30.
What is the Venus Pipes & Tubes IPO Date?
Venus Pipes & Tubes's IPO Opening date is 11 May 2022.
What is Venus Pipes & Tubes IPO Expected Return?
Venus Pipes & Tubes IPO Expected Returns is approx 20%.
About Venus Pipes & Tubes Limited
The company is in the field of stainless steel products for almost 15 years. The company has forayed into manufacturing stainless steel tubular products. The company ensures the finest products for its customers with twelve production lines, which include pilers, tube mills with plasma welders, draw benches, annealing furnaces, and many other auxiliary types of machinery.
Venus Pipes & Tubes Ltd. is achieved superior quality and production by applying benchmark technologies in manufacturing processes and establishing a fully equipped in-house quality control laboratory in line with international standards. The company's production facility is spread over an area of 11 acres located in the Kutch region of Kutch, India, which has two major seaports.
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Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To meet general corporate objectives.
Venus Pipes & Tubes GMP Today (Grey Market Premium)
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| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 23 May | ₹30 | ₹300 | ₹1000 |
| 22 May | ₹25 | ₹300 | ₹1000 |
| 21 May | ₹25 | ₹300 | ₹1000 |
| 20 May | ₹25 | ₹300 | ₹1000 |
| 19 May | ₹45 | ₹300 | ₹1000 |
| 18 May | ₹30 | ₹300 | ₹1000 |
| 17 May | ₹25 | ₹300 | ₹1000 |
| 16 May | ₹25 | ₹300 | ₹1000 |
| 15 May | ₹30 | ₹300 | ₹1000 |
| 14 May | ₹30 | ₹300 | ₹1000 |
| 13 May | ₹30 | ₹300 | ₹1000 |
| 12 May | ₹35 | ₹300 | ₹1000 |
| 11 May | ₹25 | ₹300 | ₹1000 |
| 10 May | ₹35 | ₹300 | ₹1000 |
| 09 May | ₹20 | ₹300 | ₹1000 |
| 08 May | ₹35 | ₹300 | ₹1000 |
| 07 May | ₹35 | ₹300 | ₹1000 |
| 06 May | ₹35 | ₹300 | ₹1000 |
| 05 May | ₹- | ₹- | ₹- |
Venus Pipes & Tubes IPO Date and Price Band Details
Venus Pipes & Tubes IPO open date: 11 May 2022, Closing date: 13 May 2022, and Listing date: 19 May 2022. The price band of Venus Pipes & Tubes IPO is ₹310 to ₹326 per share. Venus Pipes & Tube's IPO issue size is Rs 165crores. Venus Pipes & Tubes Ipo retails portion is 35%, QIB Portion is 50%, and NII Portion is 15%.
| IPO Open: | 11 May 2022 |
| IPO Close: | 13 May 2022 |
| Listing Date: | 24 May 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹165 Crores |
| Fresh Issue: | Approx ₹165 Crores |
| Offer For Sale: | N/A |
| Price Band: | ₹310 to ₹326 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | N/A |
Venus Pipes & Tubes IPO Market Lot & Size
Venus Pipes & Tubes IPO's minimum lot size is 46 shares with ₹14,996 application amount and the maximum lot size is 598 shares with ₹194,948 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 46 Shares |
| Minimum Amount: | ₹14,996 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 598 Shares |
| Maximum Amount: | ₹194,948 |
Venus Pipes & Tubes IPO Allotment & Listing Date
| Ipo Opening Date: | 11 May 2022 |
| IPO Closing Date: | 13 May 2022 |
| Basis of Allotment: | 19 May 2022 |
| Refund Date: | 20 May 2022 |
| Credit to Demat Account: | 23 May 2022 |
| Listing Date: | 24 May 2022 |
Venus Pipes & Tubes IPO Review
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Venus Pipes & Tubes Ipo Review
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Review For Long term
Strength
- The company is growing into an integrated steel manufacturer Indian market.
- The company has a wide product portfolio.
- The company's manufacturing units are located in strategic locations, which is a positive thing for the company.
- The company has a strong team and experienced promoters.
Risks
- The company has not entered into long-term agreements with suppliers for the delivery of raw materials.
- A major part of the company's revenue comes from its top 10 customers, meaning the company has a high dependence on a few customers.
- The company has failed to differentiate itself from other companies.
- His company's promoters and some directors are involved in legal proceedings that may have a negative impact on the company's operations.
- The company is facing tough competition in this sector.
- Continuously fluctuating commodity prices can have a negative impact on the sales and operations of a company's products.
Venus Pipes & Tubes Financials
Venus Pipes & Tubes Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2019 | ₹79.12 | ₹120.51 | ₹4.95 |
| Mar 2020 | ₹107.19 | ₹179.32 | ₹6.49 |
| Mar 2021 | ₹137.54 | ₹312.03 | ₹30.95 |
| Jun 2021 | ₹149.20 | ₹82.34 | ₹9.10 |
Promoters
The promoters of the company are:
- Megharam Sagramji Choudhary
- Jayantiram Motiram Choudhary
- Dhruv Mahendrakumar Patel
- Arun Kothari
Contact Details of Venus Pipes & Tubes
Venus Pipes & Tubes Limited
Survey No. 233/2 and 234/1,
Dhaneti, Bhuj, Kachchh
370020 Gujarat, India.
Tel: +91 2836 232 183/84
E-mail: cs@venuspipes.com
Website: www.venuspipes.com
Venus Pipes & Tubes Lead Managers
- SMC Capitals Limited
Venus Pipes & Tubes IPO Registrars
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
Website: www.kfintech.com
Conclusion
Coming to the financial position of the company, the financial track record of the company has been good. The company had made a profit of 30.95 crores in the financial year 2021. You can apply for good listing gains in Venus Pipes & Tubes IPO as well as long-term. Venus Pipes & Tubes' financial statement and other information are listed above.
Venus Pipes & Tubes IPO FAQs
What is Venus Pipes & Tubes IPO GMP Today?
Venus Pipes & Tubes IPO GMP is ₹35 as of today.
What is the Venus Pipes & Tubes IPO Opening Date?
Venus Pipes & Tubes IPO Opening date is 11 May 2022.
What is the Venus Pipes & Tubes IPO Closing Date?
Venus Pipes & Tubes IPO Closing date is 13 May 2022.
What is the Venus Pipes & Tubes IPO Allotment date?
Venus Pipes & Tubes IPO Allotment Date is 19 May 2022.
What is Venus Pipes & Tubes IPO Listing Date?
The Venus Pipes & Tubes IPO Date is 24 May 2022.
What is Venus Pipes & Tubes IPO Kostak Rate?
Venus Pipes & Tubes IPO Kostak rate is ₹300.
What is Venus Pipes & Tubes IPO Expected Returns?
Venus Pipes & Tubes IPO Expected Returns is -%.
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For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Venus Pipes & Tubes Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Venus Pipes & Tubes Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, that you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
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