Venus Pipes and Tubes Limited IPO Closed

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IPO date 11 May 2022 – 13 May 2022
Listing date 24 May 2022
Price range 310 – 326
Minimum order quantity 46
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Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes that have applications in various sectors such as chemicals, engineering, fertilizers, pharmaceuticals, power, food processing, paper, and oil & gas.

The company manufactures products in two broad categories: seamless tubes/pipes, and welded tubes/pipes, under which it manufactures products in five lines such as high precision & heat exchanger tubes, hydraulic & instrumentation tubes, seamless pipes, welded pipes, and box pipes.

Venus sells its products both domestic as well as internationally in 20 countries including Brazil, the UK, Israel, and countries in the European Union.

The public offer of Venus Pipes & Tubes comprises a fresh issue of 50.74 lakh equity shares aggregating up to Rs. 165.42 crores.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 120.51 3.75 2.86
March 2020 179.32 4.13 3.15
March 2021 312.03 23.63 18.04
Period ended December 31, 2021 278.28 23.60 15.5

IPO Schedule

Issue Period 11th May to 13th May 2022
Finalization of Allotment 19th May 2022
Initiation of Refunds 20th May 2022
Credit of Shares 23rd May 2022
Date of Listing 24th May 2022
Mandate end date 29th May 2022
Anchor Investors Lock-In End Date 12th June 2022

How do I apply to the Venus Pipes and Tubes Limited IPO?

You can apply for the Venus Pipes and Tubes Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Console
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Venus Pipes and Tubes Limited IPO?

You can check the allotment status for the Venus Pipes and Tubes Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.