Delhivery IPO
May 11, 2022Ethos Limited IPO
May 11, 2022
Venus Pipes & Tubes Limited IPO
Open: May 11, 2022 | Close: May 13, 2022
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About the business
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.
Funds from the fresh issue will be used for
The Company will utilize fresh issue proceeds for the following:
- To meet long-term working capital requirements.
- General corporate purposes.
- Financing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.
Company Financials (in crores)
IPO Schedule
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- Step 4: Submit the application and then approve the block funds request on the UPI App.
- Step 5: Done
Open: May 11, 2022 | Close: May 13, 2022