Dharmaj Crop Guard, an agrochemical company, and Venus Pipes & Tubes, a steel pipe company, have both secured regulatory licences to raise capital through initial public offerings (IPOs). Dharmaj Crop Guard’s IPO comprises of a fresh issue of equity shares worth up to Rs 216 crore and an offer-for-sale (OFS) of up to 14.83 lakh shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP).
Venus Pipes & Tubes IPO Details
|Venus Pipes & Tubes Opening Date||11 May 2022|
|Venus Pipes & Tubes Closing Date||13 May 2022|
|Venus Pipes & Tubes Price Band||Rs. 310 to Rs. 326 per share|
|Venus Pipes & Tubes Lot Size||46 Shares|
|Venus Pipes & Tubes Issue Size||5,074,100 shares of Rs. 10 (aggregating up to Rs. 165.42 Cr)|
|Face Value||Rs. 10 per equity share|
|Issue Type||Book Built Issue IPO|
|Exchange Board||BSE, NSE|
|Retail Shares Offered||Not less than 35% of the Net Offer|
|QIB Shares Offered||Not more than 50% of the Net Offer|
|NII (HNI) Shares Offered||Not less than 15% of the Net Offer|
|Fresh Issue||5,074,100 shares of Rs. 10 (aggregating up to Rs. 165.42 Cr)|
|Basis of Allotment Date||May 19, 2022|
|Initiation of Refunds||May 20, 2022|
|Credit of Shares to Demat Account||May 23, 2022|
|Venus Pipes & Tubes IPO Listing Date||May 24, 2022|
Venus Pipes & Tubes IPO Date
Venus Pipes & Tubes IPO is opening date is 11 May 2022 and it is going to list on BSE & NSE. The Venus Pipes & Tubes IPO open date is 11 May 2022, and the close date is 15 May 2022.
Venus Pipes & Tubes IPO Price
The IPO Price for Venus Pipes & Tubes has not declared yet. Venus Pipes & Tubes IPO Price is Rs. 310 to Rs. 326 per share. Venus Pipes & Tubes IPO will take place on second week of May 2022.
Venus Pipes & Tubes IPO Lot Size
The Venus Pipes & Tubes IPO lot size is 46 shares. A retail-individual investor can apply for up to 13 lots (598 shares or ₹194,948).
Venus Pipes & Tubes IPO Allotment Date and Listing Date
The IPO for Venus Pipes & Tubes will open on 11 May 2022, and IPO close date is 13 May 2022. The Venus Pipes & Tubes IPO Allotment Date is 19 May 2022. This IPO will take 5 days to list. The IPO Listing Date of Venus Pipes & Tubes IPO is 24 May 2022.
About Venus Pipes & Tubes Limited IPO
Venus Pipes & Tubes Limited is a stainless steel pipe and tube producer and exporter. Stainless steel tube products are manufactured in two broad categories: seamless tubes/pipes and welded tubes/pipes, with five product categories: stainless steel high precision and heat exchanger tubes, stainless steel hydraulic and instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes, and stainless steel box pipes.
Venus Pipes & Tubes Limited has one production factory at Dhaneti (Kutch, Gujarat) with a capacity of 10,800 MT per year.
The firm sells its goods both domestically and internationally. Venus Pipes & Tubes sells to 18 nations, including Brazil, the United Kingdom, Israel, and European Union countries, among others.
Promoters of Venus Pipes & Tubes IPO
The company’s promoters are Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari.
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