Venus Pipes IPO

Venus Pipes & Tubes Limited IPO | Review

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Venus Pipes & Tubes Limited has come up with an initial public offer (IPO). It will open on May 11-13, 2022 at Rs.310-326 a share. The IPO issue size is around Rs.165.42 crore. The minimum bid will be for 46 shares and in its multiples thereafter.


Venus Pipes & Tubes Limited was incorporated in 2015 at Gujrat. It is one of the growing stainless steel pipes and tubes manufacturers and exporters in India having over six years of experience in manufacturing stainless steel tubular products in two broad categories: (A) seamless tubes/pipes; and (B) welded tubes/pipes. The company is currently manufacturing five product lines, namely, (1) stainless steel high precision & heat exchanger tubes; (2) stainless steel hydraulic & instrumentation tubes; (3) stainless steel seamless pipes; (4) stainless steel welded pipes; and (5) stainless steel box pipes. The company has the brand name โ€œVenusโ€, which supplies its products for applications in diverse sectors including (a) chemicals, (b) engineering, (c) fertilizers, (d) pharmaceuticals, (e) power, (f) food processing; (g) paper, and (h) oil and gas.

Venus Pipes Ltd has one manufacturing plant which is strategically located at Dhaneti (Gujarat). Its manufacturing facility has a total installed capacity of 10,800 MT per annum. The company sells its products both in the domestic as well as the international markets such as Brazil, UK, Israel, Italy, Kuwait, and countries in the European Union.


Megharam Sagramji Choudhary – 22.98%Jayantiram Motiram Choudhary – 7.75%
Dhruv Mahendrakumar Patel – 16.95%Arun Axaykumar Kothari –  7.96%

Promoter Holding

Pre-Issue Shareholding – 64.27%Post-Issue Shareholding – 48.20%

Strength & Weakness

Experienced & Qualified Team Large and established competitors
Customer Diversification No long-term agreement with customers
Multi-fold demand for ProductsOnly 1 manufacturing facility
International Accreditations and product approvalsPricing depends on market demand & economic conditions
Specialized production of Steel Pipes & Tubes3rd party work agreement for manufacturing


APL Apollo Tubes LtdMaharashtra SeamlessKalyani Steels Ltd.
Mukand LtdUsha Martin LtdMSP Steel & Power

Company Financials

YearRevenue (in Crore)Profit (in Crore)

Object of Issue

1) Financing the project cost towards capacity expansion, technological upgradation, cost optimization of operations and support to the manufacturing facility, and backward integration for manufacturing of hollow pipes.

2) To meet long-term working capital requirements.

3) General corporate purposes, subject to the applicable laws.

Venus Pipes & Tubes IPO Lot Size


Venus Pipes & Tubes IPO details

IPO Opening Date May 11, 2022
IPO Closing Date May 13, 2022
Face Value Rs.10 per Equity Share
IPO Price Rs.310-326 per share
Market Lot 46 shares
Minimum Order Quantity 46 shares
Listing At NSE, BSE
No. of shares offered50,74,100 shares
Issue Size Up to Rs.165.42 Crore
QIB Shares Offered 50% of the offer
Retail Shares Offered 35% of the offer 
NII/HNI Shares Offered 15% of the offer 

Venus Pipes & Tubes IPO Timetable

IPO DateMay 11-13, 2022
Allotment DateMay 19, 2022
Initiation of RefundsMay 20, 2022
Credit of share to Demat a/cMay 23, 2022
IPO Listing DateMay 24, 2022

Allotment Status

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About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

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