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Venus Pipes & Tubes IPO GMP, Grey Market Premium Today, Venus Pipes IPO 2022

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 GMP

    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)

    .
    DATEGMPKOSTAKSubject 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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    Brokerage Firm IPO Reviews

    • Motilal Oswal: To be updated
    • ICICI Securities: To be updated
    • Capital Market: To be updated
    • Ventura Securities Limited: To be updated
    • GEPL Capital Ltd: To be updated soon

    Venus Pipes & Tubes Ipo Review

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    Review For Listing Gain


    Review For Short term


    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)

    YearTotal AssetsRevenueProfit
    Mar 2019₹79.12₹120.51₹4.95
    Mar 2020₹107.19179.32₹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

    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

    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.


    Disclaimer


    We hope you like this article about Venus Pipes & Tubes IPO. If you have a query about Venus Pipes & Tubes IPO Please post a comment. 

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    1 Comments

    1. Anonymous9:44 AM

      Great analysis and detailed information.

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