Venus Pipes & Tubes Ltd.
Issue Open Date 11-May-22  
Issue Closing Date 13-May-22  
Application Money 100  
Allotment Money  
Price Band () 310 - 326  
Minimum Bid Quantity. 46  
Issue Size (Shares) 5074100  
Market Lot 1  
Objective

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

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) sta...

Promoter's Holding
Total Share Capital   9782850  
Offered to Public   3551914  
Promoter's Holding (Pre-Issue)   64.27  
Promoter's Holding (Post-Issue)   48.2  
Address
Address :Survey No. 233/2
And 234/1
Dhaneti
Bhuj
City :Kachahh, State :Gujarat Pincode :370020 Phone :02836 232183 / 84 Email : cs@venuspipes.com Website : www.venuspipes.com
Registrar
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
Listed at
BSE, NSE
Lead Manager
SMC Capitals Ltd
Promoters
Arun Axaykumar Kothari
Dhruv Mahendrakumar Patel
Jayantiram Motiram Choudhary
Megharam Sagramji Choudhary

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