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Category :
IPO
Headline :
Venus Pipes & Tubes announces launch of initial public offering
Date:
06/05/2022 12:30
Venus Pipes & Tubes Ltd. has announced public offering of 5074100 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 316.00 per share. The gross proceeds of the issue are expected to be Rs 16,541.57 lakhs.
The company's initial public offer (IPO) will open on 11 May 2022 and is expected to close on 13 May 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 310.00-326.00 per share.
The IPO includes a fresh Issue of 5074100 Equity Shares of the Company at an price of Rs 326.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 46 shares with bids in multiples of 46.
Venus Pipes & Tubes Ltd. anticipates using the proceeds of the issue for .
SMC Capitals Limited as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.
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