Venus Pipes and Tubes IPO

Venus Pipes and Tubes Ltd.

₹14,260 /46 sharesMinimum Investment

Venus Pipes and Tubes IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
11 May ‘22 - 13 May ‘22₹14,26046₹310 - ₹326
Issue SizeIPO Doc
165.35Cr
RHP PDF

Subscription Status As on 13 May '22, 2:33 PM

  • Retail Individual Investor
    15.13x
  • Non-Institutional Investor
    9.13x
  • Qualified Institutional Buyers
    4.61x
  • Total
    10.84x

About Venus Pipes and Tubes

Venus Pipes and Tubes manufactures and exports stainless steel pipes and tubes. The company supplies its products for applications in diverse sectors including chemicals, engineering; fertilizers, pharmaceuticals, power, food processing, paper, and oil and gas. It sells its products in the domestic and international markets. ;
Parent Organisation
Venus Pipes and Tubes Ltd.
Founded
2015
Managing Director
Arun Axaykumar Kothari

Strengths & Risks

  • International Accreditations and product approvals
  • Specialized production of Stainless Steel Pipes and Tubes
  • Multi-fold demand for its products
  • A diversified customer base
  • Failure to compete successfully against existing and new competitors
  • Uncertainties in demand and a lack of long-term agreements with its customers
  • Risks pertaining to the non-compliance with regulatory laws and norms
  • Limited operating history in the highly competitive stainless steel pipes and tubes market
  • Volatility in the price and demand for steel products
  • Inability to adequately protect its intellectual property
  • Significant portion of the company’s revenue is derived from its top ten customers
  • Inability to efficiently utilize its manufacturing capacities
  • Foreign currency exchange risks and risks due to regulatory changes in foreign exchange management
  • Impact of the emergence of modern trade channels on the sales of its products
  • Significant raw material costs
  • Slowdown or shutdown of its manufacturing operations
  • Single manufacturing unit in Kutch, Gujarat
  • Disruption of the company’s relationships with its stockists, traders, distributors, changes in their business practices, their failure to meet payment schedules and provide timely and accurate information, conflicts among its channels of distribution, or its inability to further expand its distribution network

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular310 - 326₹2 Lakh
For Venus Pipes and Tubes IPO, eligible investors can apply as Regular.
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