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Venus Pipes & Tubes Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Venus Pipes & Tubes Ltd IPO

Registered Office: Survey No 233/2 and 234/1,Dhaneti Bhuj , Kachchh. - 370201 , Gujarat , India.
Phone : 91-2836-232 183/84   Fax:
Email :  cs@venuspipes.com  
Website :  www.venuspipes.com
Initial public offering of up to 5,074,100 equity shares of face value of (Rs)10 each ("Equity Shares") of Venus Pipes & Tubes Limited ("Company" or the "Issuer") for cash at a price of (Rs)326/- per equity share (including a share premium of (Rs)316/- per equity share (the "Issue Price") aggregating up to (Rs)165.42* crores (the "Issue"). The face value of the equity share is (Rs)10. The issue price is 32.6 times the face value of the equity shares. The issue will constitute 25% of the post issue paid up equity share capital of the company. *Subject of finalisation of basis of allotment

Issue Money Payable On
Opens On Closes On Application Allotment
11-May-22 13-May-22 (Rs)326.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :46  Further Multiples of :46

  (Rs Cr) Lead Managers to the Issue
Project Cost 147.89
SMC Capitals Ltd
Project Financed through Current Offer 165.42  
Post Issue Equity Share Capital 20.30  
Issue Price (Rs)326.00  
 
Projects
Financing the Project Cost Towards Capacity Expansion & Backward Integration for Manufacturing of Hollow PipesGeneral Corporate Purposes
To Meet The Long Term Working Capital Requirements
Promoted By
Megharam Sagramji Choudhary  
Jayantiram Motiram Choudhary  
Dhruv Mahendrakumar Patel  
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd