Venus Pipes & Tubes IPO Allotment Status: Venus Pipes and Tubes Limited export as well as manufacture stainless steel tubes and pipes. The company is located in Bhuj, Gujarat. It has an installed capacity of 10,800 MT per annum. The company has a market not only in India but outside India also. The company exports to 18 countries worldwide. Venus Pipes and Tubes Limited opened its Initial Public Offering on 11th May 2022. After the completion of bidding, all the bidders are now waiting to check the Venus IPO Status. You can check the status of the Venus IPO on 19th May 2022. In the following article, we have mentioned detailed information concerning the Venus Pipes & Tubes IPO Allotment Status like the GMP, allotment links, the process to check the status, etc. So do read the article till the end.
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Venus Pipes & Tubes IPO Allotment Status
A huge number of people have applied for the shares. The IPO bidding closes on 13th May 2022. The company opened its IPO to fulfil the requirements of Long term working capital, provide finance for new projects and meet general corporate purposes. The registrar of the company is KFin Technologies Limited. The company had assets of Rs. 2,462.76 Million, revenue of Rs. 2,782.80 Million with a profit of Rs. 235.95 Million (excluding tax) on 31st December 2021. The lot size of the Company’s IPO is 46 shares. Bidders are instructed to visit the portal from time to time to get the latest update on IPO. We have also shared a direct link to check the Venus IPO Status which will be activated soon.
Venus IPO 2022 Allotment Details
| Name of the Company | Venus Pipes & Tubes Limited |
| Name of the Company’s Registrar | KFin Technologies Limited |
| Face Value of the IPO | Rs. 10 per share |
| Venus IPO Price | Rs. 310 to Rs. 326 per share |
| Lot Size of the IPO | 46 shares |
| Venus Issue Type | Book Built Issue |
| Price Listing At | BSE, National Stock Exchange |
| Size of the Issue | 5,074,100 shares of Rs. 10 |
| Location | Gujarat |
| Official Portal | https://www.venuspipes.com/ https://karisma.kfintech.com/ |
www.venuspipes.com IPO Subscription Status
The company has offered a maximum of 50% of the Net Offer to Qualified Institutional Buyers, 35% to Retail Individuals and 15% to Non-Individuals Investors. On 13th May 2022, The IPO was subscribed 16.31 times. We have provided a table below where you will see the subscription status of different categories:
| Category | Subscription |
| Qualified Institutional Buyers | 12.02 Times |
| Non-Individual Investors | 15.66 Times |
| Retails Buyers | 19.04 Times |
| Total | 16.31 Times |
Schedule of Venus IPO Allotment
| Events | Schedule |
| Commencement of IPO bidding | 11th May 2022 |
| Closing Date of IPO | 13th May 2022 |
| Finalisation of Basis of Allotment | 19th May 2022 |
| Commencement of Refund Process | 20th May 2022 |
| The Credit of Shares to Demat Account | 23rd May 2022 |
| Price Listing Date | 24th May 2022 |
Process to Check Venus Pipes & Tubes IPO Allotment Status
All the bidders who want to check the Venus Allotment but are not aware of the procedure must refer to this article. Here we mentioned the procedure to check the allotment most easily. Given below are the steps to check the Venus IPO Allotment:
- Start the procedure by visiting the official portal of KFin Technologies Limited i.e., https://karisma.kfintech.com/
- The home page of the registrar portal will get open on the device.
- Scroll through the page and find the Quick links section.
- After finding the Quick links section, tap on the option of Check IPO Status available under the Quick Links section.
- A new page will open on the screen where you will see five links to check the allotment.
- Tap on any one of the available links and a new page will get open.
- Now select the company and the option through which you want to check the IPO Status.
- After that, enter the details based on the choice made in the previous step.
- Finally, tap on the submit option and the allotment status will appear on the screen.
Venus IPO Allotment GMP
The Venus IPO Grey Market Price is the price at which the shares of the company are being exchanged. Through GMP, one can find the estimated listing price. You just have to add GMP with the face value of the IPO and then you will get the listing price. The Grey Market Price of Venus IPO is 26. By considering the above-mentioned formula, the estimated listing price of the IPO is 352.
Venus Pipes & Tubes IPO Allotment Status: Important Links
| Official Website of KFin Technologies | Click Here |
| Bihar News Homepage | Click Here |
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