✓
Open
11 May 2022
✓
Close
13 May 2022
3
Allotment
—
✓
Listing
Tue, May 24, 2022
Price Band
₹310 to ₹326
Issue Size
50,74,100 shares (agg. up to ₹165 Cr)
Lot Size
46 Shares
Listing Date
Tue, May 24, 2022
Latest GMP
₹20
Est. Gain
6.13%
✦ AI Insight
GMP Trend
24-05-2022₹20Est. ₹346+6.13%
23-05-2022₹26Est. ₹352+7.98%
22-05-2022₹30Est. ₹356+9.2%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 9.56x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 246.28 | 137.54 | 107.19 | 79.12 |
| Total Income | 278.28 | 312.03 | 179.32 | 120.51 |
| Profit After Tax | 23.60 | 23.63 | 4.13 | 3.75 |
| EBITDA | 35.51 | 34.78 | 11.64 | 8.29 |
| NET Worth | 120.48 | 39.93 | 16.28 | 12.17 |
| Reserves and Surplus | 105.26 | 31.20 | 7.54 | 3.44 |
| Total Borrowing | 50.01 | 37.50 | 42.61 | 29.42 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Hariom Pipe Industries Ltd. | Mainboard | ₹130.05 Cr | ₹153 | 15.15 | ₹231.00 | +50.98% | ₹401.30 (-1.59%) |
| Shyam Metalics & Energy Ltd. | Mainboard | ₹908.80 Cr | ₹306 | null | ₹376.15 | +22.92% | ₹1,040.50 (+0.62%) |
| Adishakti Loha & Ispat Ltd. | SME | ₹2.00 Cr | ₹11 | null | ₹11.40 | +3.64% | ₹13.68 (-1.58%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the project cost towards capacity expansion and backward integration for manufacturing of Hollow Pipes | 111.58 |
| 2 | To meet the long term working capital requirements | 25.00 |
| 3 | General corporate purposes | 14.95 |
About Venus Pipes IPO
Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories - seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes. 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 for our Products. Customer Diversification. Experienced and Qualified Team. + Read More
Contact Details
Venus Pipes & Tubes Ltd. AddressSurvey No.233/2 and234/1, DhanetiBhujKachchh, Gujarat, 370020+91 2836 232 183/84cs@venuspipes.comVisit Website