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Venus Pipes & Tubes Limited IPO (Venus Pipes & Tubes IPO) Detail

Venus Pipes & Tubes Limited Logo

Venus Pipes & Tubes (IPO) Limited is a manufacturer and exporter of stainless steelpipes and tube. The company is manufacturing stainless steel tube products in two broad categories – seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes.

Venus Pipes & Tubes Limited has one manufacturing plant which is located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat) with an installed capacity of 10,800 MT per annum.

The company sells products in both domestic and international markets. Venus Pipes & Tubes exports its products to 18 countries including Brazil, the UK, Israel and countries in the European Union, etc.

Competitive Strengths:

  1. International Accreditations and product approvals.
  2. Specialised production of Stainless Steel Pipes and Tubes.
  3. Multi-fold demand for our Products.
  4. Customer Diversification.
  5. Experienced and Qualified Team.

Company Promoters:

Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari are the company promoters.

Company Financials:

ParticularsFor the year/period ended (Rs in Million)
Total Assets1,375.391,071.91791.23
Total Revenue3,120.311,793.221,205.06
Profit After Tax236.3241.2837.50

Objects of the Issue:

The company proposes to utilize the Net Proceeds raised through the Issue for the following objects:

  1. To meet long-term working capital requirements.
  2. General corporate purposes.
  3. Financing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.

IPO Details

Venus Pipes & Tubes IPO DateMay 11, 2022 to May 13, 2022
Venus Pipes & Tubes IPO Face Value₹10 per share
Venus Pipes & Tubes IPO Price₹310 to ₹326 per share
Venus Pipes & Tubes IPO Lot Size46 Shares
Issue Size5,074,100 shares of ₹10
(aggregating up to ₹[.] Cr)
Fresh Issue5,074,100 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Company PromotersMegharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari are the company promoters.

IPO Timeline (Tentative Timetable)

IPO opens on May 11, 2022, and closes on May 13, 2022. The IPO bid date is from May 11, 2022 10.00 A.M. to May 13, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Venus Pipes & Tubes IPO Opening DateMay 11, 2022
Venus Pipes & Tubes IPO Closing DateMay 13, 2022
Basis of AllotmentMay 19, 2022
Initiation of RefundsMay 20, 2022
Credit of Shares to DematMay 23, 2022
Venus Pipes & Tubes IPO Listing DateMay 24, 2022

IPO Lot Size

The IPO lot size is 46 shares. A retail-individual investor can apply for up to 13 lots (598 shares or ₹194,948).


IPO Promoter Holding

Pre Issue Share Holding64.27%
Post Issue Share Holding48.20%

IPO Prospectus

Company Contact Information

Venus Pipes & Tubes Limited
Survey No. 233/2 and
234/1, Dhaneti
Bhuj, Kachchh – 370020 Gujarat
Phone: +91 2836 232 183/84
Email: [email protected]

IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: [email protected]

IPO Lead Manager(s)

  1. SMC Capitals Limited