Venus Pipes & Tubes IPO Assessment: Venus Pipes & Tubes preliminary public be offering (IPO) will open for subscription on Would possibly eleventh, 2022, and shut on Would possibly thirteenth, 2022. The stainless-steel producer is taking a look to boost Rs.165.45 crores throughout the IPO. Stay Studying to determine.
About Venus Pipes & Tubes
Primarily based in Gujarat, Venus Pipes & Tubes is concerned within the manufacture and export of chrome steel pipes and tubes. The corporate has been related to the stainless-steel business for over 15 years now.
The corporate operates thru one production plant in Dhaneti, Gujarat. This plant has an put in capability of 10,800 MT consistent with annum.
inheritor chrome steel tube merchandise can also be divided into 2 classes specifically seamless tubes/pipes and welded tubes/pipes. Their merchandise below this class come with chrome steel top precision & warmth exchanger tubes, chrome steel hydraulic & instrumentation tubes, chrome steel seamless pipes, chrome steel welded pipes and chrome steel field pipes.
The corporate additionally exports its merchandise to many nations. Those come with Brazil, the United Kingdom, Israel and 15 others a few of which additionally shape a part of the Eu Union.
When indexed the corporate will compete in an business which has a number of competition in India. Those come with
Venus Pipes & Tubes IPO – Gray Marketplace Top class
Stocks of Venus Pipes & Tubes traded at a ten.7% top rate on Would possibly eighth. The stocks have been buying and selling at Rs 361. This provides a top rate of Rs 35 over the cap value of Rs 326.
Key IPO Knowledge
The promoters of the corporate come with Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari. They have got appointed SMC Capital Ltd. because the lead supervisor for the problem. KFin Applied sciences has been appointed because the registrar for the problem.
| Details | Main points |
|---|---|
| IPO Measurement | ₹165.42 Cr |
| Contemporary Factor | ₹165.42 Cr |
| Be offering for Sale (OFS) | — |
| Opening date | Would possibly 11, 2022 |
| Last date | Would possibly 13, 2022 |
| Face Price | ₹10 consistent with proportion |
| Worth Band | ₹310 to ₹326 consistent with proportion |
| Lot Measurement | 46 Stocks |
| Minimal Lot Measurement | 1 (46 stocks) |
| Most Lot Measurement | 13 (598 stocks) |
| Record Date | Would possibly 24, 2022 |
Function of the IPO
Budget raised from the IPO might be used for the next functions
- To fulfill long run running capital necessities
- Financing the undertaking price against capability growth and backward integration for production of hole pipes
- Basic company functions
In Last
On this article, we lined the Venus Pipes & Tubes IPO Assessment. The Preliminary Public Providing opens on Would possibly eleventh and closes on Would possibly thirteenth. On the other hand, the corporate is probably not receiving any proceeds from the IPO as it’s an be offering on the market.
For traders, it may be a excellent alternative to seem into the corporate and follow for the IPO after analysing the possibilities and strengths. Tell us what you take into consideration the Venus Pipes & Tubes IPO Assessment within the feedback beneath? Satisfied Making an investment!
Aron, Bachelors in Trade from Mangalore College, entered the sector of Fairness analysis to discover his pursuits in monetary markets. Out of doors of labor, you’ll be able to catch him binging on a display, supporting RCB, and dreaming of visiting Kasol quickly. He additionally believes that consuming child’s ice-cream is one of the simplest ways to show them taxes.
