Venus Pipes & Tubes Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹326
Per ShareLot Size
46 Shares
Minimum Investment
₹14,996
Issue Size
₹157.3 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Venus Pipes & Tubes Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
55.64%
Promoter Holding (Post-Issue)
41.73%
Issue Type
Book Building
ISIN
INE0JA001018
About the Company
Venus Pipes & Tubes Limited is one of the growing stainless-steel pipes and tubes manufacturer and exporter in India having approximately 6 years of experience in manufacturing of stainless-steel tubular products in 2 broad categories: (i) seamless tubes/pipes; and (ii) welded tubes/pipes. We are currently manufacturing 5 product lines, namely, (i) stainless steel high precision & heat exchanger tubes; (ii) stainless steel hydraulic & instrumentation tubes; (iii) stainless steel seamless pipes; (iv) stainless steel welded pipes; and (v) stainless steel box pipes ("Products"). Under our brand name "Venus", we supply our Products for applications in diverse sectors including (i) chemicals, (ii) engineering; (iii) fertilizers; (iv) pharmaceuticals, (v) power, (vi) food processing; (vii) paper; and (viii) oil and gas.
Industry Overview
The Company operates in the stainless-steel products industry. Stainless steel is a value-added product with high corrosion resistant properties, superior aesthetic finish and higher life span. These features have helped in increasing the popularity of stainless steel across the world. Despite being one of the largest producers as well as consumers of stainless steel, the per capita stainless-steel consumption in India remains low. India's per capital stainless steel consumption has increased from 1.2 kg in 2010 to 2.5 kg in 2019, however, its consumption is much lower compared to the world average of 6 kg per capita. This low consumption pattern is an indication of the inherent opportunities existing in the sector.
Company History
Venus Pipes & Tubes Limited was incorporated in 2015, as Venus Pipes & Tubes Private Limited, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by the RoC on February 17, 2015. Thereafter, the Company was converted into a public limited company, and the name of the Company was changed to Venus Pipes & Tubes Limited pursuant to a revised certificate of incorporation issued by ROC on September 16, 2021, recording the change of the Company's name to `Venus Pipes & Tubes Limited'.
Products & Services
- The Company is one of the growing stainless-steel pipes and tubes manufacturer and exporter in India.
Growth Strategy
- Increasing existing capacity
- Backward integration and cost optimization to improve margins
- Tap new geographies to increase export
- Continue to improve operating efficiencies through technology enhancements
- Strengthen its brand value
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 5,074,100 equity shares of face value of Rs. 10 each ("Equity Shares") of Venus Pipes & Tubes Limited ("Company" or the "Issuer") for cash at a price of Rs. 326/- per equity share (including a share premium of Rs. 316/- per equity share (the "Issue Price") aggregating up to Rs. 165.42* crores (the "Issue"). The face value of the equity share is Rs. 10. The issue price is 32.6 times the face value of the equity shares. The issue will constitute 25% of the post issue paid up equity share capital of the company. *Subject of finalisation of basis of allotment
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- International Accreditations and product approvals,
- Specialised production of Stainless-Steel Pipes and Tubes,
- Multi-fold demand of our Products,
- Customer Diversification,
- Experienced & Qualified Team
- The continuing effect of the COVID-19 pandemic on its business, results of operations, operations and financial condition is highly uncertain and cannot be predicted.
- The company face competition, including from other large and established competitors, and its may fail to compete successfully against existing or new competitors, which may reduce the demand for its Products which may lead to reduced prices, operating margins, profits and further result in loss of market share.
- The Company has not entered into long-term agreements with its customers for purchasing its Products nor for the supply of raw materials with its suppliers. Its are subject to uncertainties in demand and there is no assurance that these customers and suppliers shall continue to purchase its Products or sell raw materials to its or that they shall not scale down their orders. This could impact the business and financial performance of its Company.
- The company is required to obtain consents under certain environmental laws, which are critical for operating its Manufacturing Facility. Its have in the past been non-compliant with the requirements under environmental law for its operations and there is no assurance that in the future its would be able to obtain such consent in a timely manner or at all.
- The company face certain challenges because of its limited operating history in the highly competitive stainless steel pipes and tubes market, which may affect its future performance.