Venus Pipes & Tubes IPO Assessment: Venus Pipes & Tubes preliminary public provide (IPO) will open for subscription on Might eleventh, 2022, and shut on Might thirteenth, 2022. The stainless-steel producer is seeking to elevate Rs.165.45 crores by the IPO. Preserve Studying to search out out.
About Venus Pipes & Tubes
Primarily based in Gujarat, Venus Pipes & Tubes is concerned within the manufacture and export of stainless-steel pipes and tubes. The corporate has been related to the stainless-steel trade for over 15 years now.
The corporate operates by one manufacturing plant in Dhaneti, Gujarat. This plant has an put in capability of 10,800 MT each year.
inheritor stainless-steel tube merchandise may be divided into 2 classes specifically seamless tubes/pipes and welded tubes/pipes. Their merchandise below this class embrace stainless-steel excessive precision & warmth exchanger tubes, stainless-steel hydraulic & instrumentation tubes, stainless-steel seamless pipes, stainless-steel welded pipes and stainless-steel field pipes.
The corporate additionally exports its merchandise to many nations. These embrace Brazil, the UK, Israel and 15 others a few of which additionally kind a part of the European Union.
When listed the corporate will compete in an trade which has a number of opponents in India. These embrace
Venus Pipes & Tubes IPO – Gray Market Premium
Shares of Venus Pipes & Tubes traded at a ten.7% premium on Might eighth. The shares had been buying and selling at Rs 361. This offers a premium of Rs 35 over the cap value of Rs 326.
Key IPO Info
The promoters of the corporate embrace Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari. They’ve appointed SMC Capital Ltd. because the lead supervisor for the difficulty. KFin Applied sciences has been appointed because the registrar for the difficulty.
| Particulars | Particulars |
|---|---|
| IPO Measurement | ₹165.42 Cr |
| Recent Challenge | ₹165.42 Cr |
| Supply for Sale (OFS) | — |
| Opening date | Might 11, 2022 |
| Deadline | Might 13, 2022 |
| Face Worth | ₹10 per share |
| Worth Band | ₹310 to ₹326 per share |
| Lot Measurement | 46 Shares |
| Minimal Lot Measurement | 1 (46 shares) |
| Most Lot Measurement | 13 (598 shares) |
| Itemizing Date | Might 24, 2022 |
Function of the IPO
Funds raised from the IPO can be used for the next functions
- To fulfill long run working capital necessities
- Financing the challenge price in the direction of capability enlargement and backward integration for manufacturing of hole pipes
- Basic company functions
In Closing
On this article, we coated the Venus Pipes & Tubes IPO Assessment. The Initial Public Offering opens on Might eleventh and closes on Might thirteenth. Nonetheless, the corporate is not going to be receiving any proceeds from the IPO as it’s a proposal on the market.
For traders, it may be an excellent alternative to look into the corporate and apply for the IPO after analysing the prospects and strengths. Tell us what you concentrate on the Venus Pipes & Tubes IPO Assessment within the feedback beneath? Blissful Investing!
Aron, Bachelors in Commerce from Mangalore College, entered the world of Fairness analysis to discover his pursuits in monetary markets. Outdoors of labor, you’ll be able to catch him binging on a present, supporting RCB, and dreaming of visiting Kasol quickly. He additionally believes that consuming child’s ice-cream is one of the best ways to show them taxes.
