Venus Pipes and Tubes Ltd. IPO_Know all details here:
Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes.
They have come up with an IPO. Last date to apply is 13th May, 2022. Let’s look at some of the details.
About the company:
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.
About an IPO:
◇ IPO opened on 11th May,2022 and closed on 13th May, 2022.
◇ The price which has been fixed per share is ₹310 - ₹326.
◇ A lot consists of 46 shares.
◇ The minimum investment required is ₹14,996.
◇ The allotment will happen on 19th May, 2022.
◇ The company will get listed on NSE and BSE.
◇ Venus Ltd. Listing date is 24th May, 2022.
Financials:
Pros:
◇ Rising trends in commodity markets helped this company to post super performance and considering bright prospects, it is on an expansion spree.
Cons:
◇ Not recommended for short term perspective
Overall, the company and industry seems to be in good health, however do your research before applying.
Happy Learning and Investing!!!
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