Venus Pipes & Tubes Ltd - IPO

Venus Pipes & Tubes Ltd IPO Details

Initial public offering of up to 5,074,100 equity shares of face value of Rs. 10 each (Equity Shares) of Venus Pipes & Tubes Limited (Company or the Issuer) for cash at a price of Rs. 326/- per equity share (including a share premium of Rs. 316/- per equity share (the Issue Price) aggregating up to Rs. 165.42* crores (the Issue). The face value of the equity share is Rs. 10. The issue price is 32.6 times the face value of the equity shares. The issue will constitute 25% of the post issue paid up equity share capital of the company. *Subject of finalisation of basis of allotment

Objective of issue

Financing the Project Cost Towards Capacity Expansion & Backward Integration for Manufacturing of Hollow Pipes. To Meet The Long Term Working Capital Requirements. General Corporate Purposes.

Venus Pipes & Tubes Ltd Contact Details

Venus Pipes & Tubes Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@venuspipes.com

Website - www.venuspipes.com