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
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
11-May-2022
13-May-2022
₹ 326.00
₹ 0.00
Minimum Application for shares in Nos : 46.0
Further Multiples of : 46.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
147.89
SMC Capitals Ltd
Project Financed through Current Offer
165.42
Post Issue Equity Share Capital
20.30
Issue Price
₹326.00
Projects
Financing the Project Cost Towards Capacity Expansion & Backward Integration for Manufacturing of Hollow Pipes
To Meet The Long Term Working Capital Requirements