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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹165.42 Cr |
| Fresh Issue | ₹165.42 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹310.00-326.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543528 |
| NSE Code | VENUSPIPES |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | SMC Capitals Ltd. |
| Allotment Status | |
| DRHP | |
| RHP | |
| Final Prospectus | |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 46 shares and in multiples thereof
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | |
|---|---|
| ROE | 59% |
| ROCE | 61% |
| Debt / Equity | 0.94% |
| RoNW | 59.18% |
| PAT Margin | 7.57% |
| EBITDA Margin | 11.24% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 18.04 | |
| P/E (x) | 21.03 | |
| Promoter Holding | 64.27% | 48.20% |
| Market Cap | ₹661.65 Cr. | |
