According to the Red Herring Prospectus (DRHP), 50.74 lakh equity shares of the company will be sold through the IPO of Venus Pipes & Tubes.
Venus Pipes & Tubes IPO: Venus Pipes & Tubes IPO is coming up. The company has filed a draft paper with the market regulator SEBI for this. According to the Red Herring Prospectus (DRHP), 50.74 lakh equity shares of the company will be sold through Initial Public Offering (IPO).
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Fund will be used here
Funds received from the issue will be used to enhance the company’s capacity. This will help the company to meet its working capital requirements and general corporate objectives.
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Know about the company
- Venus Pipes & Tubes is one of the leading Manufacturer and Exporter of Stainless Steel Pipes & Tubes in the country.
- Under the brand name ‘Venus’, the company supplies its products to different sectors, which include chemicals, engineering, fertilizers, pharmaceuticals, power, food processing, paper and oil & gas.
- SMC Capitals is the sole Book Running Lead Manager of the issue. It is proposed to list the equity shares of the company on BSE and NSE.
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