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Venus Pipes lists at 4% premium against issue price; stk hits upper circuit

Post listings,the stock was locked in the 5 per cent upper circuit band at Rs 351.75 on the BSE

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In October, Sebi issued a discussion paper highlighting the extremely narrow band companies were fixing for their IPOs

SI Reporter Mumbai
Venus Pipes & Tubes made a good stock market debut, with shares of the company getting listed at Rs 337.50 apiece, a 4 per cent premium against its issue price of Rs 326 per share on the National Stock Exchange (NSE) on Tuesday. On the BSE, the stock opened at Rs 335, 3 per cent higher from its issue price.

Venus Pipes was locked in the 5 per cent upper circuit at Rs 351.75 on the BSE, while it froze at a price of Rs 354.35 on the NSE, exchange data shows. Till 10:08 am, a combined 1 million

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First Published: May 24 2022 | 10:28 AM IST

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