Venus Pipes & Tubes Ltd. IPO is open for subscription between May 11 and May 13, 2022. The price band has been kept between Rs 310-326 per share with a minimum lot size of 46 shares.
The Venus Pipes & Tubes IPO allotment status will be finalised around May 19 (tentative).
Here’s how you can check the allotment status:
Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:-
Step 1: Open the Groww App, scroll down the homepage to see the ‘IPOs’ section.
Step 2: Click on IPOs. On the next page click on the ‘Status’ tab next to the Venus Pipes & Tubes IPO (or any other IPO you had applied for). The status tab will not be visible if you have not applied for the IPO.
Step 3: If you have received the allotment in the IPO, ‘Allotted’ will be written next to your application number. Or else, the status will show as ‘Rejected’. It will show as ‘Approved’ till the allotment is finalized.
The registrar for this IPO is KFin Technologies Private Limited.
Step 1: Investors are required to follow this link to check their IPO allotment status on BSE: https://www.bseindia.com/investors/appli_check.aspx.
Step 2: You will then have to select the ‘Equity’ option and then from the dropdown, select issue name– ‘Venus Pipes & Tubes’’
Step 3: You will have to enter your application number and PAN card number next.
Step 4: After completing all the above-mentioned steps click on the “Search” button.
What happens to the IPO amount in my bank account?
After applying for an IPO, the amount gets blocked for use from your account. Therefore, the money is still showing in your balance but is blocked for use.
How are the Venus Pipes & Tubes shares being allotted?
If Venus Pipes & Tubes IPO is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets a minimum of one lot. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares. It is possible that few investors do not get any shares at all, in case of oversubscription.
Will my money come back if I don’t get Venus Pipes & Tubes IPO allotment?
If you don’t get the allotment in Venus Pipes & Tubes IPO, the amount will be unblocked, and you will be able to use the amount in your bank account.
When will Venus Pipes & Tubes IPO get listed?
Venus Pipes & Tubes IPO shares will get listed on BSE and NSE on May 24, 2022.