Venus Pipes IPO subscription status is to start on May 11, 2022, Wednesday. Venus Pipes is a mainline IPO. The IPO is been subscribed by QIB, NII, and Retail investors. They are going to raise ₹165 crores via IPO which comprises a fresh issue of ₹165 crores. The IPO price band is fixed at ₹310 to ₹326 with a market lot of 46 shares. Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel tubular products like stainless steel pipes and tubes. The company’s manufacturing plant is located in Kutch, Gujarat, The production facility is spread across 11 acres area. The company reported revenues of ₹312 in 2021 against revenues of ₹179 in 2020. The company’s financial report looks good and the profit is increased 5-6 times in 2021 against 2020. Please check the Venus Pipes IPO subscription status details over here.
IPOWatch View: We recommend investors may apply for an IPO with a long-term view. Investors should also look at the Retail and HNI numbers before investing. You can check the Venus Pipes IPO allotment status here.
Venus Pipes IPO Subscription Status (Live Update – Day 3)
IPO Subscribed Till Now – 5:00 PM
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.36 | 0.36 | 12.02 |
| NII | 0.92 | 2.59 | 15.66 |
| Retail | 4.00 | 7.52 | 19.04 |
| Total | 2.30 | 4.42 | 16.31 |
Venus Pipes IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Venus Pipes IPO Subscription Dates
The Venus Pipes IPO date is May 11 and the close date is May 13. The Venus Pipes IPO allotment will be finalized on May 19 and the IPO listing on May 24.
| Price Band Announcement: | May 05, 2022 |
| Anchor Investors Allotment: | May 10, 2022 |
| IPO Open Date: | May 11, 2022 |
| IPO Close Date: | May 13, 2022 |
| Basis of Allotment: | May 19, 2022 |
| Refunds: | May 20, 2022 |
| Credit to Demat Account: | May 23, 2022 |
| IPO Listing Date: | May 24, 2022 |
Venus Pipes IPO Form
How to apply for the Venus Pipes IPO? You can apply for Venus Pipes IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Venus Pipes IPO in the Invest section. The other option is you can apply for Venus Pipes IPO via IPO forms download via NSE and BSE. Check out the Venus Pipes forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Venus Pipes IPO Subscription Status FAQs:
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