Venus Pipes & Tubes Limited IPO

Opening Date 11 May 2022
Closing Date 13 May 2022
Minimum Quantity 46
Price Range 310 – 326
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Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories - seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes.

Venus Pipes & Tubes Limited has one manufacturing plant which is located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat) with an installed capacity of 10,800 MT per annum.

The company sells products in both domestic and international markets. Venus Pipes & Tubes exports its products to 18 countries including Brazil, the UK, Israel and countries in the European Union, etc.

Competitive Strengths:

  1. International Accreditations and product approvals.
  2. Specialised production of Stainless Steel Pipes and Tubes.
  3. Multi-fold demand for our Products.
  4. Customer Diversification.
  5. Experienced and Qualified Team.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Million)
  31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2,462.76 1,375.39 1,071.91 791.23
Total Revenue 2,782.80 3,120.31 1,793.22 1,205.06
Profit After Tax 235.95 236.32 41.28 37.50

Objects of the Issue:

The company proposes to utilize the Net Proceeds raised through the Issue for the following objects:

  1. To meet long-term working capital requirements.
  2. General corporate purposes.
  3. Financing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.


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