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

Venus Pipes & Tubes IPO 2022
Upcoming Venus Pipes & Tubes IPO | New Venus Pipes & Tubes IPO

Venus Pipes & Tubes IPO is a stainless steel pipes and tubes manufacturer and exporter in India having over six years of experience in two broad categories: seamless tubes/pipes and welded tubes/pipes, under which it currently manufactures five product lines, namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipe and stainless steel box pipes.

Under the brand name “Venus”, it supplies its products for applications in diverse sectors including chemicals, engineering, fertilizers, pharmaceuticals, power, food processing, paper, oil and gas. It has one manufacturing plant which is strategically located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat).

It has an in-house quality team comprising of 27 dedicated personnel, ensuring that raw materials as well as end products are tested on all quality parameters and fulfilling all international product standards.

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

  • International Accreditations and product approvals.
  • Specialised production of Stainless-Steel Pipes and Tubes.
  • Multi-fold demand of our Products.
  • Customer Diversification.
  • Experienced & Qualified Team.

Company Promoters

  1. Megharam Sagramji Choudhary
  2. Jayantiram Motiram Choudhary
  3. Dhruv Mahendrakumar Patel
  4. Arun Kothari

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

Object Of The Issue

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

Venus Pipes & Tubes IPO Peer Comparison

S. No.Face ValueCompany NamePE
12Jindal Saw Limited9.43
22Ratnamani Metal & Tubes Limited32.06

Venus Pipes & Tubes IPO Strengths

  • International Accreditations and product approvals
  • Specialised production of Stainless Steel Pipes and Tubes
  • Multi-fold demand of the products
  • Customer Diversification as products are sold domestically and internationally

Venus Pipes & Tubes IPO Risks

  • Competition from other large and established competitors and failing to compete may lead to decline in demand for the products.
  • Uncertainties in demand as there is no assurance of customers and suppliers continuing the business or purchases due to lack of long-term commitment.
  • Various challenge put toward due to limited operating history in a highly competitive industry.
  • Products maybe become obsolete due to a breakthrough in the development of technology or alternate products.
  • May not be able to adequately protect its intellectual property and may be subject to claims that the firm infringe on the intellectual property rights of others.

Venus Pipes & Tubes IPO – Details

IPO Opening Date11 May 2022
IPO Closing Date13 May 2022
Issue TypeBook Built Issue IPO
Issue Size₹165.42 Crore
Face Value₹10 per equity share
IPO Price₹310-₹326
Market Lot46 Shares (1 Lot)
Min Order46 Shares
Listing AtBSE, NSE
RegisterKFin Technologies Limited
QIB Shares Offered50% of the net offer
Retail Shares Offered35% of the net offer
NII (HNI) Shares Offered15% of the net offer

Venus Pipes & Tubes IPO – Date Schedule

IPO Open Date11 May 2022
IPO Close Date13 May 2022
Basis of Allotment Date19 May 2022
Initiation of Refunds20 May 2022
Credit of Shares to Demat Account23 May 2022
IPO Listing Date24 May 2022

Venus Pipes & Tubes IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

Promoter Holding

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

Venus Pipes & Tubes 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

Venus Pipes & Tubes IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000

Venus Pipes & Tubes IPO Lead Manager(s)

1. SMC Capitals Limited

Venus Pipes & Tubes IPO FAQs

When Venus Pipes & Tubes IPO will open?

The Venus Pipes & Tubes IPO dates are 11 May 2022 To 13 May 2022.
What is the lot size of Venus Pipes & Tubes IPO?

Venus Pipes & Tubes IPO lot size is 46 Shares and total amount is 
How to apply for Venus Pipes & Tubes IPO?

You can apply in Venus Pipes & Tubes IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Venus Pipes & Tubes IPO listing date?

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


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