Venus Pipes & Tubes IPO Details, Venus Pipes & Tubes Limited IPO
Table of Contents
Company All Details
Founded
2015
Managing Director
Managing Director of The Company, Arun Axaykumar Kothari.
Company Promoters:
Promoters of the Company, MEGHARAM SAGRAMJI CHOUDHARY, JAYANTIRAM MOTIRAM CHOUDHARY, DHRUV MAHENDRAKUMAR PATEL AND ARUN
AXAYKUMAR KOTHARI.
About the company.
The Company was incorporated in 2015, as Venus Pipes & Tubes Private Limited, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by the RoC on February 17, 2015. Thereafter, The Company was converted into a public limited company, and the name of the Company was changed to Venus Pipes & Tubes Limited pursuant to a revised certificate of incorporation issued by ROC on September 16, 2021, recording the change of the Company’s name to ‘Venus Pipes & Tubes Limited’. For details of changes in the name and registered office address of the Company.
It is one of the growing stainless steel pipes and tubes manufacturer and exporter in India having over six years of experience in manufacturing of stainless steel tubular products in two broad categories: (i) seamless tubes/pipes; and (ii) welded tubes/pipes, under which it currently manufacturing five product lines, namely, (i) stainless steel high precision & heat exchanger tubes; (ii) stainless steel hydraulic & instrumentation tubes; (iii) stainless steel seamless pipes; (iv) stainless steel welded pipes; and (v) stainless steel box pipes (“Products”). The cost of materials consumed (including purchase of stock in trade and changes in inventory) by the company in its operations accounted for 82.09%, 84.53%, 88.29% and 85.58% of its revenue from operations for the nine-month period ended December 31, 2021 and Fiscals 2021, 2020 and 2019, respectively.
Objects Of The Offer:
- Financing the project cost towards capacity expansion, technological upgradation, cost optimization of our operations and support to the manufacturing facility and backward integration for manufacturing of hollow pipes;
- To meet long-term working capital requirements; and
- General corporate purposes.
Venus Pipes & Tubes Limited IPO Details:
Issue Amount : Upto Rs 165.42 Cr
Total shares on offer : Upto #50,74,100 Equity Shares
Face Value : ₹10 per share
Price Band : ₹310 to ₹326
Lot Size : 46 shares
IPO Registrar : KFIN TECHNOLOGIES PRIVATE LIMITED.
Venus Pipes & Tubes Limited IPO Timeline, IPO Open Date, Listing Date, Refund Date
| IPO Open Date | 11 May 2022 |
| IPO Close Date | 13 May 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | 19 May 2022 |
| Initiation of Refunds | 20 May 2022 |
| Credit of Shares to Demat Account | 21 May 2022 |
| IPO Listing Date (Trading commence) NSE & BSE | 24 May 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | -% |
| Non Institutional Byers (NIB) | -% |
| Retail Individual Investor (RII) | -% |
| Employee | – |
Important Financial Data:
For the year/period ended (₹ in Crore) Last Three Year
| Particulars (in ₹ Crore) | As at March 31, 2021 | As at March 31, 2020 | As at March 31, 2019 |
|---|---|---|---|
| Total Assets | 285 | 196 | 193 |
| Total Revenue | 312 | 179 | 120 |
| Net Profit & Loss for the period | 24 | 4 | 4 |
Prospectus Document:
Download RHP File
Download DRHP File
Venus Pipes & Tubes Limited IPO?
Issue Amount : Upto Rs – Cr.
What is Venus Pipes & Tubes Limited IPO?
Venus Pipes & Tubes Limited IPO is a main-board IPO. They are going to raise ₹ 165.42 Crores via IPO. The issue is priced at ₹ 310 to ₹ 326 per equity share. The IPO is to be listed on BSE & NSE.
Venus Pipes & Tubes Limited IPO Open?
11 May 2022 to 13 May 2022.
Venus Pipes & Tubes Limited IPO Will open?
The IPO is to open on 11 May 2022 for QIB, NII, and Retail Investors.
Registered Office
Registered Office:
Survey No. 233/2 and 234/1, Dhaneti,
Bhuj, Kachchh – 370020 Gujarat, India.
Corporate Office: Tripada Complex,
Plot No 275, Sector 1/A, Near Mamlatdar office,
Office No 1, Ground Floor,
Gandhidham, Kutch – 370201 Gujarat, India
Contact Person: Pavan Kumar Jain,
Company Secretary and Compliance Officer for the Issue
Tel.: +91 2836 232 183/84
Email: cs@venuspipes.com;Website:www.venuspipes.com;
Corporate Identity Number: U74140GJ2015PLC082306
Venus Pipes & Tubes Limited IPO REGISTRAR
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
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: M Murli Krishna
SEBI Registration No.: INR000000221
How to apply on Zerodha, Venus Pipes & Tubes Limited IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Venus Pipes & Tubes Limited IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Venus Pipes & Tubes Limited IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Venus Pipes & Tubes Limited IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can chek status on zerodha console.