Venus Pipes and Tubes Limited
IPO Size
`165.42 Cr
Price Band
`310-326 Per Share
Minimum Lot Size
46 Share
Face Value
`10 Per Share
Employee Discount
NA
Retail Allocation
35%
Issue Open Date
11 May 2022
Issue Close Date
13 May 2022
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
About the Company:
Venus Pipes and tubes are one of the growing stainless steel pipes and tubes manufacturers and exporters in India having over six years of experience in manufacturing stainless steel tubular products in two broad categories: (i) seamless tubes/pipes; and (ii) welded tubes/pipes.
The firm has one manufacturing plant which is strategically located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat) (“Manufacturing Facility”) nearby, around 55 kilometers and 75 from the ports of Kandla and Mundra, respectively, which helps in reducing logistic costs on procurement of raw materials and imports and export of Products.
Venus sells its products both in the domestic as well as international markets. Company started exporting its products in the year 2017 and as of October 31, 2021, Venus has exported to 18 countries including Brazil, the UK, Israel, and countries in the European Union, etc.
Outstanding Litigation:
| S.No. | Company | Directors | Promoters | |||
| Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
| Criminal cases | - | - | - | - | - | - |
| Material civil cases | - | - | - | - | - | - |
| Taxation matters | - | - | - | - | - | - |
| Regulatory Proceedings | - | - | - | - | - | - |
Financial Statements:
| Income Statement(in Milllions) | Jun'2021 | FY21 | FY20 | FY19 |
| Gross Operating Income | 823.38 | 3120.31 | 1,793.22 | 1,205.06 |
| Cost of Employee & Inventory | 11.62 | 26.69 | 32.00 | 25.34 |
| Other Expenses | 717.13 | 2744.16 | 1,663.09 | 1,104.59 |
| EBITDA | 106.25 | 376.15 | 130.12 | 100.48 |
| Depreciation | 3.38 | 21.1 | 9.65 | 19.93 |
| Finance Cost | 11.87 | 45.54 | 55.61 | 31.09 |
| Profit Before Tax | 91 | 309.51 | 64.86 | 49.46 |
| Tax | 22.94 | 73.19 | 23.58 | 11.96 |
| Profit After Tax | 68.06 | 236.32 | 41.28 | 37.50 |
Megharam Sagramji Choudhary
• Jindal Saw Limited • Ratnamani Metals and Tubes Limited.
Nil
The proceeds from the sale of 5,074,100 equity shares will be utilized for the following: • To meet long-term working capital requirements. • General corporate purposes. • Financing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.