Venus Pipes & Tubes IPO (Initial Public Offering) is going to hit the primary market on 11th May 2022 and will be open for bidding till 13th May 2022. Through this public issue, Venus Pipes & Tubes is offering sale of 50.74 lakh equity shares. company. According to the red herring prospectus of Venus Pipes & Tubes IPO, the bidding for anchor investors will commence from May 10, 2022.
Venus Pipes & Tubes Limited has made it clear that the funds raised through the public offering will be used for capacity expansion to finance the project cost and backward integration for manufacturing of hollow pipes. In short, the company will use the funds to meet working capital requirements and for general corporate purposes. The company is yet to announce the Venus Pipes & Tubes IPO price band.
Venus Pipes & Tubes IPO Details
The IPO of Venus Pipes & Tubes will open for subscription on 11th May 2022 and will be open for bidding till 13th May 2022.
– most likely Venus Pipes & Tubes IPO Allotment Date May 19 is 2022. The refund will start from May 20, 2022 while the credit of shares in the demat account of the allottees is expected on May 23, 2022.
, Venus Pipes & Tubes IPO Listing Offered on BSE and NSE.
– tentative Venus Pipes & Tubes IPO Listing Date May 24 is 2022.
SMC Capitals is the sole Book Running Lead Manager of the issue.
Venus Pipes & Tubes Limited Nearly six years’ experience in manufacturing stainless-steel tubular products in two broad categories – seamless tubes and pipes; and welded tubes and pipes. Under the “Venus” brand name the company supplies its products for applications in a variety of sectors including chemicals, engineering, fertilizers, pharmaceuticals, power, food processing, paper and oil and gas.
Venus Pipes & Tubes IPO GMP is not available as the shares of Venus Pipes & Tubes Limited are yet to make their gray market debut.