Venus Pipes & Tubes IPO Allotment Status-Link, GMP, Listing Date, Price

Venus Pipes & Tubes IPO Allotment Status: According to the IPO allotment schedule, the share allocation of manufacturer & exporter of stainless pipes & tubes Venus Pipes & Tubes Ltd can be released anytime today (19th May 2022) whose IPO was started from 11th May 2022 and concluded on 13th May 2022. Those who’ve applied for the public issue worth Rs.165.42 crore can check their allotment status once it will be posted on the BSE & company’s registrar website KFin Technologies Ltd. Examine the rest of the article to know more about the Venus Pipes & Tubes IPO Allotment.

Venus Pipes & Tubes IPO Allotment

The Gujarat based company Venus Pipes & Tubes experienced a good response IPO subscription of 16.31 times on the last day of the KFin Technologies IPO date with the participation of the retail investors as it received the bids for over 5.9 crore shares against the offered size of 35.51 lakh shares as per the statistics provided by the National Stock Exchange (NSE). Check out the leftover topics such as the timetable, IPO subscription status, shares offered, and process.

Venus Pipes & Tubes IPO Allotment Status: Overview

Objectives of Venus Pipes & Tubes Ltd

The company propose to use the net income from the recruitment for the following purposes:

• Meet the need for long-term working capital and general business purpose.
• Financing project costs for increased capacity, technology upgrades, operational cost optimization and backward integration for hollow tube manufacturing.

Venus Pipes & Tubes IPO Allocation 2022 Timetable

Take a look at the table below to learn about the dates for various activities linked to the Venus Pipes & Tubes IPO Allocation 2022.

Delhivery IPO Allotment Status

Venus Pipes & Tubes IPO Subscription (Detail)

The IPO of Venus Pipes & Tubes was 16.31 times oversubscribed and by 13th May 2022, the public issue had been subscribed 19.04 times in the retail category, 12.02 times in the QIB category, and 15.66 times in the NII category. The figure given in the table is going to be beneficial to you because the statistics mentioned inside it will clear your doubts about Gujarat based Venus Pipes & Tubes comapny’s IPO subscription in-depth:

Shares Offered by Venus Pipes & Tubes Ltd

Venus Pipes & Tubes IPO is a public offering of 35,914 stocks where they offer 1,775,935 stocks to retail investors, 1,014,864 to qualified institutional buyers (QIBs) and 761,115 stocks to the Non-Institutional Investors (NIIs). The chart will help you in figuring out the subscription status of the Venus Pipes & tubes membership:

Venus Pipes & Tubes 2022 GMP

Companies like LIC, Venus Pipes & Tubes, Delhivery, and Prudent Coportate IPOs are leading the Grey Market Premium (GMP). According to the media reports, the actual IPO price of the company was Rs.326 but it saw an increment of Rs.26 and now the estimated listing price is 325 (7.98%). The company will listed on 24th May 2022 at BSE & NSE website.

How to check Venus Pipes & Tubes IPO Allotment status?

The ways through which you can the IPO Allotment status of Venus Pipes & Tubes are:

BSE Website:

• Go to the Application Status page of BSE website bseindia.com/investors/appli_check.aspx.
• Now start entering the particulars demanded inside the ‘Status of Issue Application’ and after completing it press on the ‘Search’ button.
• The details about your Venus Pipes & Tubes IPO allotment will appear on your device screen.

Registrar Website:

• Move towards the KFin Technologies main portal ris.kfintech.com/ipostatus.
• You will see multiple links on the right side of the page.
• Select any one of the link and the IPO Allotment Status page will get open.
• Commence the process by submitting the asked details and filling all of them tick on the ‘Submit’ box.
• Go through the particulars about your IPO allotment stand bookmark the page by selecting ‘Ctrl+D’ and the page will get added in the bookmark tab.

Venus Pipes & Tubes IPO Allotment Links