Venus Pipes & Tubes IPO Estimate of Listing Price : Click

Venus Pipes & Tubes Grey Market News Today #
On 24 May 2022
Grey Market Premium Rs. 28, very few trades

Venus Pipes & Tubes IPO Subscription Trend
on 13 May 2022 @ 5.00 pm ( Day 3)
QIB 1014864 Sh : 12.02 T
NII : 761115 Sh : 15.66T
RII : 1775935 Sh : 19.04 T
Tot : 3551914 Sh : 16.31 T

Venus Pipes & Tubes IPO guidance : Click

Venus Pipes & Tubes Company Details
Venus Pipes & Tubes is one of the 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: (i) seamless tubes/pipes; and (ii) welded tubes/pipes, under which it is 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 . Under its brand name “Venus”, it supplies its 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.

It has one manufacturing plant which is strategically located at Bhuj-Bhachau highway, Dhaneti (Kutch,
Gujarat) in close proximity, around 55 kilometers and 75 from the ports of Kandla and Mundra, respectively, that helps it in reducing its logistic costs on procurement of raw materials and
imports and export of its Products. Its Manufacturing Facility has separate seamless and welded divisions with latest product-specific equipment and machineries including tube mills, pilger mills, draw benches, swaging machines, pipe straightening machines, TIG/MIG welding systems, plasma welding systems, etc. As of October 31, 2021, its Manufacturing Facility has a total installed capacity of 10,800 MT per annum. Further, it has a storage facility at our Manufacturing Facility for the purposes of holding inventories of raw material as well as finished products, in addition to a warehouse facility located at Ahmedabad, which ensures stability of operations. For more information, click www.venuspipes.com

The Promoters of Venus Pipes & Tubes
Megharam Sagramji Chowdhary , Jayantiram Motiram Chowdhary, Dhruv Mahendrakumar Patel & Arun Axaykkymar Kothari

Venus Pipes & Tubes IPO Main Objects
The Offer comprises the Fresh Issue by the Company
The Net Proceeds are proposed to be utilised towards 1)Financing the project cost towards capacity expansion, technological upgradation, cost optimization of its operations and support to the manufacturing facility and backward integration for manufacturing of hollow pipes; 2. To meet long-term working capital requirements;

Venus Pipes & Tubes IPO Details
IPO opens on 11 May , 2022
IPO closes on 13 May ,2022
Issue Type: Book Built Issue IPO
Issue : up to 50,74,100 Shares /Rs 165.41 Crore
* Fresh Issue of 50,74,100 Sh/ Rs165.41 Cr

Face Value per share : Rs. 10

Venus Pipes & Tubes IPO Price Band Per Equity Share: Rs. 310 to 326
Venus Pipes & Tubes IPO Retail Lot Size 46 Shares
Venus Pipes & Tubes Listing will at BSE,NSE

Shares offered to
QIB (50%) 2537050 Shares = Rs 82.72 Cr
NII (15%) 761115 Shares = Rs 24.81 Crs
RII (35%) 1775935 Shares = Rs 57.89 Crs
Lot size: 46 Shares = 38607 Forms
Min Retail Application : 46 Sh , Rs. 14996
Max Retail Application : 598 Sh, Rs 194948

Venus Pipes & Tubes IPO Tentative timeTable
Venus Pipes & Tubes IPO Allotment on 19 May 2022
Unblocking of ASBA 20 May 2022
Credit to Demat Accounts 23 May 2022
Listing on 24 May 2022

Venus Pipes & Tubes IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 3.15
Earnings per Share 2020-21,Rs 18.04
Earnings per Share 2021-22 9M Rs 15.50
Book Value of the Share as on 31.3.2021 Rs 30.48
Book Value of the Share as on 31.12.2021 Rs 79.15
Return on Net Worth: 19-20 25.36 %
Return on Net Worth: 20-21: 59.18 %
Return on Net Worth: 20-21 9M : 19.58 %
Equity Shares prior to the IPO : 15,222,010 Shares
Equity Shares after the IPO : 20,296,110 Shares
The company has issued 4,366,350 Bonus Shares issued on 10 September 2021, hence the above figures of Earnings have got diluted.

Ratio Analysis
Upper Price Band/latest annualised EPS: 15.78
Upper offer price/Book Value Ratio : 4.12
Upper offer price/BV after IPO Ratio:

Venus Pipes & Tubes IPO Peer Comparison:
Jindal Saw @ PE Multiple of 9.69
Ratnamani Metal @ PE Multiple of 41.51

Venus Pipes & Tubes IPO Lead Managers
SMC Capitals Limited
Registrar to Venus Pipes & Tubes IPO
Kfin Technologies India pvt ltd.

Registered Office of Venus Pipes & Tubes
Survey No. 233/2 and 234/1, Dhaneti, Bhuj, Kachchh – 370020 Gujarat
Company Secretary & Compliance Officer : Pavan Kumar Jain

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