Venus Pipes and Tubes Limited IPO
Venus Pipes and Tubes Limited was a mainboard IPO in the Iron & Steel Products sector, offered at ₹310–₹326 per share to raise ₹165 crore. The issue was subscribed 16.31× overall (QIBs 12.02×, NIIs 15.69×, retail 19.04×). It listed on 24 May 2022 at ₹338 and closed its first day at ₹354, a listing gain of +8.7% versus the ₹326 issue price. It now trades around ₹1,807 (+454.4% versus the issue price).
Frequently asked questions
- How many times was the Venus Pipes and Tubes Limited IPO subscribed?
- The Venus Pipes and Tubes Limited IPO was subscribed 16.31× overall — 12.02× in the QIB category, 15.69× among non-institutional investors, 19.04× in retail.
- What were the Venus Pipes and Tubes Limited IPO listing gains?
- Venus Pipes and Tubes Limited listed on 24 May 2022 at ₹338, closing its first day at ₹354 — a listing gain of +8.7% versus the ₹326 issue price.
- What were the retail allotment odds for the Venus Pipes and Tubes Limited IPO?
- Retail was subscribed 19.04×, so a single-lot application had roughly a 5.3% chance of allotment (about 1 in 19), and allotment was finalised on 18 May 2022.
- What was the price band and lot size of the Venus Pipes and Tubes Limited IPO?
- The price band was ₹310–₹326 per share, with a minimum lot of 46 shares (₹14,996 at the upper band).
- Who were the registrar and lead manager for the Venus Pipes and Tubes Limited IPO?
- Kfin Technologies Limited was the registrar, and SMC Capitals was the book-running lead manager.