Venus Pipes and Tubes IPO Date, Lot Size and Price

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 and Tubes IPO

Venus Pipes & Tubes IPO Details

Venus Pipes & Tubes Opening Date11 May 2022
Venus Pipes & Tubes Closing Date13 May 2022
Venus Pipes & Tubes Price BandRs. 310 to Rs. 326 per share
Venus Pipes & Tubes Lot Size46 Shares
Venus Pipes & Tubes Issue Size5,074,100 shares of Rs. 10 (aggregating up to Rs. 165.42 Cr)
Face ValueRs. 10 per equity share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
Retail Shares OfferedNot less than 35% of the Net Offer
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Fresh Issue5,074,100 shares of Rs. 10 (aggregating up to Rs. 165.42 Cr)
Basis of Allotment DateMay 19, 2022
Initiation of RefundsMay 20, 2022
Credit of Shares to Demat AccountMay 23, 2022
Venus Pipes & Tubes IPO Listing DateMay 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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Venus Pipes & Tubes IPO FAQs

What is Venus Pipes & Tubes IPO?

The Venus Pipes & Tubes IPO is a small business IPO with a total of 5,074,100 equity shares with a face value of Rs. 10 and a market capitalization of Rs. 165.42 crores. The issue’s price per equity share is Rs. 310 to Rs. 326 per share. 46 shares is the minimum order quantity.

When Venus Pipes & Tubes IPO will open?

The Venus Pipes & Tubes IPO opens on 11 May 2022 and closes on 15 May 2022.

What is the lot size of Venus Pipes & Tubes IPO?

The IPO lot size for Venus Pipes & Tubes is 46 shares, and the minimum order amount is 46 shares.

How to apply for Venus Pipes & Tubes IPO?

You can apply for the Venus Pipes & Tubes Initial Public Offering (IPO) online utilising UPI or ASBA as a payment option. The ASBA IPO application can be found in your bank account’s net banking. Brokers who do not provide banking services provide the UPI IPO application.

When Venus Pipes & Tubes IPO allotment?

The basis of allotment for the Venus Pipes & Tubes IPO will be finalised on 19 May 2022, and the allotted shares will be credited to your demat account by 23 May 2022.

When is Venus Pipes & Tubes IPO listing date?

The Venus Pipes & Tubes IPO listing date is 24 May 2022. The tentative date of Venus Pipes & Tubes IPO listing is 24 May 2022.

Who is the registrar of Venus Pipes & Tubes IPO?

KFin Technologies Limited is the registrar for Venus Pipes & Tubes IPO.

What is Venus Pipes & Tubes IPO Price Band?

Venus Pipes & Tubes IPO price band is Rs. 310 to Rs. 326 per equity share.