Business Standard

Venus Pipes & Tubes Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

165.42 cr

Price Range (₹)

326

Lot Size

46

Min Investment (₹)

14,996.00

Listing Exchange

MumbaiNSE

Open Date

11-May-2022

Close Date

13-May-2022

Listing Date

24-May-2022

Venus Pipes & Tubes Ltd News

    The Shares of Venus Pipes & Tubes Ltd have now been listed.

    Venus Pipes & Tubes Ltd IPO Details

    Initial public offering of up to 5,074,100 equity shares of face value of Rs. 10 each (Equity Shares) of Venus Pipes & Tubes Limited (Company or the Issuer) for cash at a price of Rs. 326/- per equity share (including a share premium of Rs. 316/- per equity share (the Issue Price) aggregating up to Rs. 165.42* crores (the Issue). The face value of the equity share is Rs. 10. The issue price is 32.6 times the face value of the equity shares. The issue will constitute 25% of the post issue paid up equity share capital of the company. *Subject of finalisation of basis of allotment

    Objective of issue

    Financing the Project Cost Towards Capacity Expansion & Backward Integration for Manufacturing of Hollow Pipes. To Meet The Long Term Working Capital Requirements. General Corporate Purposes.

    Venus Pipes & Tubes Ltd Contact Details

    Venus Pipes & Tubes Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@venuspipes.com

    Website - www.venuspipes.com