Venus Pipes and Tubes was incorporated on February 17, 2015. Venus Pipes and Tubes is a growing stainless steel pipes and tubes manufacturer and exporter in India having over six years of experience in manufacturing of stainless steel tubular products in two broad categories like seamless tubes/pipes; and welded tubes/pipes,
| Bidding Dates |
|---|
| 11 May 2022 - 13 May 2022 |
| Subscription |
|---|
| 16.31x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,996 | 1 | 13 | 46 | 5.1 M | ₹310 - ₹326 | 4.82 % | ₹1573.0 M - ₹1654.2 M | RHP DOC |
Venus Pipes & Tubes IPO SUBSCRIPTION STATUS
13 May '22Venus Pipes & Tubes IPO overall subscription rate was 16.31 times the total available shares
Venus Pipes & Tubes IPO retail subscription rate was 19.04 times in the retail segment
Venus Pipes & Tubes IPO non-institutional investor subscription rate was 15.66 times in the non-institutional investor category
Venus Pipes & Tubes IPO Qualified Institutional Bidder subscription rate was 12.02 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
13 May 2022 (Day 3) | 19.04x | 15.66x | 12.02x |
12 May 2022 (Day 2) | 7.52x | 2.59x | 0.36x |
11 May 2022 (Day 1) | 4.1x | 0.98x | 0.36x |
Venus Pipes & Tubes FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| 9MFY22 | 235.95 | 2,767.69 | -579.63 | -654.80 | 12.83% |
| FY21 | 236.32 | 3,093.31 | 113.26 | 62.87 | 11.24% |
| FY20 | 41.28 | 1,778.08 | 24.12 | -50.12 | 6.54% |
| FY19 | 37.50 | 1,187.52 | -66.58 | -87.46 | 6.98% |
Venus Pipes & Tubes IPO SUBSCRIPTION STATUS DETAILS
Venus Pipes & Tubes had 5.1 M shares on offer
Venus Pipes & Tubes IPO offer price was in the range ₹310 - ₹326
Venus Pipes & Tubes IPO minimum Investment was ₹14996
Venus Pipes & Tubes IPO issue size was ₹ 1573.0 M - ₹ 1654.2 M
Venus Pipes & Tubes had a minimum lot size of 46 Shares per application
Venus Pipes & Tubes NUMBER OF SHARES ON OFFER
Venus Pipes & Tubes IPO IMPORTANT DATES
| Issue Open Date | 11 May 2022 |
| Issue close Date | 13 May 2022 |
| Allotment Date | 19 May 2022 |
| Refund Date | 20 May 2022 |
| Demat Account Credit Date | 23 May 2022 |
| Listing Date | 24 May 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Venus Pipes & Tubes Allotment Status | Exchange |
Venus Pipes & Tubes IPO subscription opened on 11 May 2022, and closed on 13 May 2022
IPO allotment for Venus Pipes & Tubes was finalized on Thursday, 19 May 2022
IPO listing for Venus Pipes & Tubes was on NSE and BSE on Tuesday, 24 May 2022
Venus Pipes & Tubes IPO LISTING GAINS
| Issue Price (adjusted) | 326.0 |
| Listing Open Price | 337.5 |
| Listing Close Price | 354.4 |
| Listing Gain% | 3.5% |
| Current Gain% | 392.0% |
Venus Pipes & Tubes Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Venus Pipes & Tubes Ltd. | 1604 | 32555 | 32.6 | 3.3 | 2.8 | 15.2 | 7.8 | 1178.5 | 21.6 | 102 | 9.8 | 49.2 | 9.8 |
| APL Apollo Tubes Ltd. | 1970 | 54698.7 | 44.5 | 0.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1839.8 | 48532.2 | 21 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 515 | 15695.7 | 31 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 35.2 | 13768.5 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2693.5 | 6106.9 | 21.4 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Venus Pipes & Tubes INFORMATION ON IPO ISSUE
About Venus Pipes & Tubes
Venus Pipes and Tubes was incorporated on February 17, 2015. Venus Pipes and Tubes is a growing stainless steel pipes and tubes manufacturer and exporter in India having over six years of experience in manufacturing of stainless steel tubular products in two broad categories like seamless tubes/pipes; and welded tubes/pipes,
Object of the Issue
1. Financing the project cost towards capacity expansion, technological upgradation, cost optimization of our operations and support to the manufacturing facility and backward integration for manufacturing of hollow pipes;
2. To meet long-term working capital requirements; and
3. General corporate purposes, subject to the applicable laws
Venus Pipes & Tubes - PROMOTERS
| Name |
|---|
| Megharam Sagramji Choudhary |
| Jayantiram Motiram Choudhary |
| Dhruv Mahendrakumar Patel |
| Arun Axaykumar Kothari |
Venus Pipes & Tubes Book Running Lead Manager
SMC Capitals Limited
ipo.venus@smccapitals.com
Venus Pipes & Tubes Registrar to the Issue
Kfin Technologies Limited
venus.ipo@kfintech.com
Venus Pipes & Tubes Strengths
World class products
International Accreditations and product approvals.
Exclusively into production of steel products
Specialised production of Stainless Steel Pipes and Tubes.
Has a good demand
Multi-fold demand for our Products.
Venus Pipes & Tubes Risks
Major competition form peers
The company faces competition from other large and established competitors, and may fail to compete successfully against existing or new competitors
No long term agreements
The company singned no long-term agreements with the customers for purchasing the Products nor for the supply of raw materials with suppliers
Significant income driven by the top 10 clients
The company has historically derived, and may continue to derive, a significant portion of our income from the top 10 customers.
IPO FAQs
The promoters of the company are Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 310.0 - 326.0.
The IPO application opens on May 11, 2022 and closes on May 13, 2022.
The minimum lot size for the IPO is 46. The maximum lot size for the IPO is 598.
For all category investors, the minimum application amount for this IPO is Rs. 14,996.0, the maximum value for this IPO is Rs 194,948.0.
This IPO will be allotted on May 19, 2022.
The refund will be credited to your account on May 20, 2022.
The allotted shares will be credited to your demat on May 23, 2022.
Venus Pipes & Tubes Ltd.’s shares listed on the stock exchanges on May 24, 2022.