Venus Pipes & Tubes Ltd. IPO

Venus Pipes & Tubes Ltd. IPO

Company Profile

With 15 years of experience in manufacturing tubes & pipes, Venus Ltd. is a major manufacturer and exporter of stainless steel pipes and tubes. The manufacturing is divided into two categories- seamless tubes/pipes and welded tubes/pipes which are further divided into 5 types of products. They are stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes, and stainless steel box pipes.

Business Information

While the company has both national and international markets covered, has one manufacturing plant in India. The plant is located at Bhuj-Bhachau highway, Dhaneti, Kutch, Gujarat with a capacity of 10,800 MT yearly. The exports of Venus Ltd. are catered to 20 countries including the UK, Israel, European Union, etc. and serve 9 different sectors. 

Facts about the Company
  • The client base of Venus Pipes & Tubes Ltd. is inclusive of 58 Fortune 500 India list.
  • The manufacturing plant is spread across 11 acres of land in the Kutch region of Katch.
  • Venus’s production plant also holds two major seaports for easy logistics services.
Points to note before investing in the Venus Pipes & Tubes Ltd. IPO
  • The business of Venus Pipes & Tubes has international accreditation and also product approval.
  • They are also known for their specialized production of Stainless steel pipes & tubes
  • With 9+ sectors in hand, the company is known for its diversified customer base, too.
  • The team of experienced experts is handling the company & its production really well.
  • The demand for its products is multi-fold which is magnificent for the company & its customers.
Objectives of the IPO
  1. To encounter their long-term working capital requirements.
  2. To meet the company’s general corporate purposes.
  3. To meet the other costs like capacity growth, technology upgrades, operational costs optimization, backward integration for hollow pipe manufacturing, and manufacturing facility support.
Benefits to the Employees

The Qualified Institutional Investors can hold more than 50% of the net offer, the retail investors would hold up to not less than 35% and the NII (HNI) can hold up to not less than 15% of the net offer.

Opening Date
May 11, 2022
Closing Date
May 13, 2022
Issue Type
Book Built Issue IPO
Face Value
10 Per Equity Share
Issue Price
310-326 Per Equity Share
Lot Size
IPO Price
165.42 Cr
Listing At

Allotment, Listing & Refund Details

Finalization of Basis of Allotment
May 19, 2022
Initiation of Refunds
May 20, 2022
Credit of Equity Shares
May 23, 2022
Listing Date
May 24, 2022

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