Venus Pipes & Tubes Ltd. IPO

Venus Pipes & Tubes Private Limited manufactures stainless steel tubler products. The Company offers welded and steel box pipes, heat exchanger and instrumentation tubes, pilgers, draw benches, and annealing furnaces. Venus Pipes & Tubes serves customers in India.

RHP
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DRHP
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Open Date

2022-05-11

Close Date

2022-05-13

Venus Pipes & Tubes Ltd. IPO Details

Check out the issue details for Venus Pipes & Tubes Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 326

Price Band

₹ 310 - 326

Issue Size

165.42 Cr.

Issue Type

Book Built

Open

2022-05-11

Close

2022-05-13

Listingprice

₹ 337.5

ListingGain

3.53%

Listing Date

2022-05-24

CMP

₹ 1590.4

Current Return

387.85%

Company Financials

You can get the following financial statements of Venus Pipes & Tubes Ltd. as of now.

The details about the Venus Pipes & Tube IPO is as:

  • The issue size of the IPO is 165.42 Cr.
  • The price band for Venus Pipes & Tubes IPO is Rs 310 - 326.
  • The shares of Venus Pipes and tubes IPO will list on 24rth May 2022.
  • The latest tentative GMP of Venus Pipes and tubes IPO is Rs 25.
  • The Shares of Venus Pipes & Tubes have been subscribed 16.31 Times as of 13th May 2022. 

Venus Pipes and tubes IPO Valuation

The approx valuation of Venus Pipes & Tubes IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 326
Existing Shares (Qty) 1.52 Cr
Fresh Issue (Amount) 165.42 Cr
Market Cap 660.94 Cr
EPS  Rs 18.04
PE Ratio 18.07x
Industry PE 25.6x

 

Venus Pipes & Tubes IPO Issue Size

Venus Pipes & Tubes IPO issue size is 165.42 Cr. 

Issue Amount
Fresh Issue 165.42 Cr
Offer For Sale 0 Cr

 

Venus Pipes & Tubes IPO Market Lot

An Individual can apply for a minimum 1 lot of 46 shares and a maximum of 13 lots of 598 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 46 Rs 14,996
 Maximum 14 598 Rs 1,94,948

 

Venus Pipes & Tubes IPO Offer

The Shares of Venus Pipes & Tubes have been subscribed 16.31 Times as of 12th May 2022. The category-wise shares subscription are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 12.02 Times
Non-Institutional Minimum 15% 15.66 Times
Retail Individual Minimum 35% 19.04 Times
Total   16.31 Times

 

Venus Pipes & Tubes IPO Grey Market Premium

As on GMP (Tentative)
10 May 2022 Rs 35
11 May 2022 Rs 25

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Find below the dates for Venus Pipes & Tubes IPO:

Schedule Date
Basis of Allotment 19 May 2022
Refunds 20 May 2022
Credit to Demat Account 23 May  2022
IPO Listing Date 24 May 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 177.81 309.33 386.95 552.4 802.2
Total Expenditure 166.17 274.55 337.72 483.29 655.88
Operating Profit 11.64 34.78 49.24 69.1 146.32
Other Income 1.51 2.7 2.12 2.4 3.18
Interest 4.56 5.56 7.06 9.84 22.08
Depreciation 2.11 0.97 1.43 1.97 11.77
Exceptional Items 0 0 0 0 0
Profit Before Tax 6.49 30.95 42.88 59.69 115.64
Provision for Tax 2.36 7.32 11.21 15.48 29.66
Net Profit 4.13 23.63 31.67 44.21 85.98
Adjusted EPS (Rs.) 0.32 1.8 2.08 2.18 4.24

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 8.73 8.73 15.22 20.3 20.3
Total Reserves 7.54 31.2 113.31 301.91 385.8
Borrowings 18.59 18.49 14.26 24.69 33.96
Other N/C liabilities 1.48 0.96 1.31 2.05 8.52
Current liabilities 70.88 78.28 105.03 167.03 322.91
Total Liabilities 107.22 137.66 249.13 515.97 771.48
Assets
Net Block 12.28 19.6 21.36 59.86 281.82
Capital WIP 3.21 0 7.35 121.59 12.12
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 0.29 1.29 0.35 24.86 8.22
Other N/C Assets 1.75 0.03 1.34 0.25 0.05
Current Assets 89.69 116.75 218.73 309.41 469.26
Total Assets 107.22 137.66 249.13 515.97 771.48
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 0.48 2 0.14 1.02 3.65
Profit Before Tax 27.25 31.16 33.81 36.97 31.79
Tax 6.99 7.89 8.77 9.41 8.13
Profit After Tax 20.26 23.28 25.04 27.56 23.66
Adjusted EPS (Rs) 9.98 11.47 12.34 13.58 11.61

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 47.94 0
Jun 2024 48.68 0
Mar 2024 48.68 1.52
Dec 2023 48.68 0
Sep 2023 48.63 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 6.49 30.95 42.88 59.69 115.64
Adjustment 4.13 5.12 5.57 7.06 29.75
Changes in Assets & Liabilities -7.1 -24.01 -97.44 -39.37 -73.06
Tax Paid -1.1 -0.73 -11.02 -18.69 -20.11
Operating Cash Flow 2.41 11.33 -60 8.69 52.23
Investing Cash Flow -12.36 -2.42 -22.83 -167.39 -99.73
Financing Cash Flow 10.02 -9.19 82.77 169.45 37.78
Net Cash Flow 0.07 -0.28 -0.06 10.75 -9.72
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