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
To
encounter their long-term working capital requirements.
To
meet the company’s general corporate purposes.
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 | 46
Shares |
IPO
Price | ₹165.42
Cr |
Listing
At | NSE,
BSE |
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 |
We
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You!