Venus Pipes & Tubes Limited IPO : Company Information and IPO Highlights

Venus Pipes and Tubes Limited manufactures stainless steel pipes and tubes. The company deals in both domestic and export business. There are two major categories in its product portfolio. These are seamless tubes and pipes & welded tubes and pipes. Its manufacturing facility is located in Bhuj. The company manufactures 10900 MT per annum. Its export business is run in 18 countries like Israel, Brazil, U.K. etc.

IPO DETAILS

Venus Pipes & Tubes Limited IPO is set to launch on 11th May, 2022. The subscription timeline extends till 13th May, 2022. The size for the IPO is 165.42 Crore Rs.. No Shares are  given through Offer For Sale mode. Shares issued through Fresh Issue are worth Rs. 165.42 Crore. The lot size is 46 shares and the price range is 310 Rs. – 326 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is KFin Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE 11th May, 2022
CLOSING DATE FOR IPO 13th May, 2022
ISSUE TYPE Book Built Issue
Face Value per share 10 Rs. per share
IPO price band 310 Rs. – 326 Rs.
LOT SIZE 46 shares
MINIMUM ORDER QUANTITY 46 shares
ISSUE SIZE 165.42 Crore Rs.
OFFER FOR SALE No Offer For Sale
FRESH ISSUE 165.42 Crore Rs.
LISTING AT NSE, BSE
LISTING DATE 24th May, 2022

IMPORTANT DATES

IPO OPENING DATE 11th May, 2022
CLOSING DATE FOR IPO 13th May, 2022
IPO ALLOTMENT DATE 19th May, 2022
REFUNDS 20th May, 2022
DEMAT A/C CREDITED ON 23rd May, 2022
IPO LISTING DATE 24th May, 2022

Venus Pipes & Tubes Limited IPO begins for subscription from 11th May, 2022. The IPO subscription would continue till 13th May, 2022. The allotment status for the shareholders who applied would come on 19th May, 2022. The refunds for the ones who did not get allotment would be initiated on 20th May, 2022. The DEMAT accounts of shareholders would be credited on 23rd May 2022. The listing of the company would be accompanied on 24th May, 2022.

Lead Managers And Promoters

The lead managers are :

  • SMC Capitals Limited

The minimum lot size for the company is decided at 46 shares. This holding accounts to  14996 Rs.. The maximum lot size is decided at 598 shares. This amounts to 194948 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 46 shares 14996 Rs
Maximum 598 shares 194948 Rs.

OBJECTIVES FOR THE IPO

  • The money in the IPO would be used for general corporate purposes.
  • The IPO money can also be used to meet working capital requirements.
  • For meeting the production and inventory expenses. The money will also be used for further business expansion purposes.

COMPANY FINANCIALS

Particulars (in Million Rs.) Dec. 2021 2020-21 2019-20
ASSETS 2463 1375 1072
Revenue 2783 3120 1739
PAT 236 236 41

The assets of the company are increasing at an excellent pace. The first rise is noticed at 300 Million Rs. However later in 2021 the same has increased by 1100 Million Rs in Dec end itself. This means the real figures would be displayed at financial result disclosure for the year. One can expect the same to be 200 Million Rs more than the current numbers. On the other hand the revenues are also growing at a stable rate. The revenue growth was almost double in 2021. The 2020 revenues stood at 1739 Million Rs. in comparison to 3120 Million Rs of 2021. Alongside this the revenu for the 2022 year was already at 2800 Million Rs by Dec 2021. Thus the same can cross the 3500 Million mark this year.

The most important figures for the company are its profit figures. The profit has been increased by 200 Million Rs in 2021. This means a 5 times growth in profit than previous year (41 Million Rs.) This year the profit is close to 240 Million Rs by December 2021.

PROS

  • The company’s profit rise is excellent every year. 
  • Company is involved in domestic as well as export business.
  • It has a special production facility for Stainless steel tubes and pipes.

CONS

  • The company’s business segment is highly competitive.

Venus Pipes & Tubes Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section.
  3. Click the Venus Pipes & Tubes Limited IPO button and press the BID button.
  4. Entering the details asked for like UPI ID, Quantity and price.
  5. Submit the application form for the IPO.
  6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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