 "Venus Pipes stock gains 9% on listing; eMudhra IPO subscribed 2.7x")
Venus Pipes & Tubes ended with a gain of 8.6 per cent over its issue price on Tuesday, as the stock closed at a day’s high of Rs 354 against the issue price of Rs 326. It had opened at Rs 337. Venus Pipes’ IPO was subscribed 16.3 times. The company manufactures stainless steel pipes and tubes. Through the IPO, Venus Pipes raised Rs 165.4 crore in fresh capital.
eMudhra IPO subscribed 2.7x
Digital certificates provider eMudhra’s IPO garnered 2.7 times subscription. The retail investor portion of the issue was subscribed 2.6 times. The high networth individual and institutional investor portion were subscribed 4 times and 1.3 times respectively. eMudhra has priced the IPO between Rs 243-256 per share. At the top-end, the company is valued at Rs 2,000 crore. The IPO comprises Rs 200 crore fresh fund raise and Rs 213 crore secondary share sale.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%