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Issue Open Date
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11-May-22
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Issue Closing Date
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13-May-22
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Application Money
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100
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Allotment Money
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Price Band
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310
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326
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Minimium Application No.
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46
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Issue Size (Shares)
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5074100
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Market Lot
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1
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Objective
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Our Company proposes to utilize the Net Proceeds raised through the Issue for the following objects: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; and3. General corporate purposes, subject to the applicable laws
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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761115
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11938472
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15.6855035047266
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Qualified Institutional Buyers
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1014864
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12199062
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12.0203909095209
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Retail Individual Investors
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1775935
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33811196
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19.0385323787188
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Business Description
We are one of the growing stainless steel pipes and tubes manufacturer and exporter in India having over sixyears of experience in manufacturing of stainless steel tubular products in two broad categories: (i) seamlesstubes/pipes; and (ii) welded tubes/pipes, under which we are currently manufacturing five product lines, namely,(i) stainless steel high precision & heat exchanger tubes; (ii) stainless steel hydraulic & instrumentation tubes;(iii) stainless steel seamless pipes; (iv) stainless steel welded pipes; and (v) stainless steel box pipes (“Products”). Under our brand name “Venus”, we supply our Products for applications in diverse sectors including (i) chemicals, (ii) engineering; (iii) fertilizers; (iv) pharmaceuticals, (v) power, (vi) food processing; (vii) paper; and (viii) oil and gas.
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Promoter's Holding
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Total Share Capital
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9782850
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Offered to Public
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3551914
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Promoter's Holding (Pre-Issue)
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64.27
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Promoter's Holding (Post-Issue)
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48.2
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Address |
Survey No. 233/2
And 234/1
Dhaneti
Bhuj
Kachahh,
Gujarat,
370020
Phone : 02836 232183 / 84
Email : cs@venuspipes.com
Website : www.venuspipes.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
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SMC Capitals Ltd
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Promoters |
Arun Axaykumar Kothari
Dhruv Mahendrakumar Patel
Jayantiram Motiram Choudhary
Megharam Sagramji Choudhary
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