{"id":40159,"date":"2022-05-05T12:09:09","date_gmt":"2022-05-05T06:39:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-venus-pipes-2\/"},"modified":"2022-05-05T12:09:09","modified_gmt":"2022-05-05T06:39:09","slug":"biz-ipo-venus-pipes-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-venus-pipes-2\/","title":{"rendered":"Venus Pipes &#038; Tubes IPO to open on May 11"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-908442814\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, May 5 (PTI) The initial share-sale of Venus Pipes &#038; Tubes will open for public subscription on May 11.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3293018638\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The public issue, comprising sale of 50.74 lakh equity shares of the company,\u00a0will conclude on May 13. The bidding for anchor investors will open on May 10, according to the red herring prospectus (RHP).<\/p>\n<p> Proceeds from the public issue will be used for financing the project cost towards capacity expansion and backward integration for manufacturing of hollow pipes, to meet working capital requirements and for general corporate purposes.<\/p>\n<p> The company has about\u00a0six years of experience in manufacturing of stainless-steel tubular products in two broad categories &#8212; seamless tubes &#038; pipes; and welded tubes &#038; pipes.<\/p><div class=\"trade-content_5\" id=\"trade-1268214976\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The company under the brand\u00a0name &#8220;Venus&#8221; supplies its products for applications in diverse sectors including\u00a0chemicals, engineering, fertilizers, pharmaceuticals, power, food processing, paper and oil and gas.<\/p>\n<p> It is one of the growing stainless-steel pipes and tubes manufacturers and exporters in India.<\/p>\n<p> SMC Capitals is the sole book running lead manager to the issue. The equity shares of the company are proposed to be listed on BSE and NSE. PTI SP  ANU ANU<\/p>\n<div class=\"trade-after-content\" id=\"trade-222538871\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, May 5 (PTI) The initial share-sale of Venus Pipes &#038; Tubes will open for public subscription on May 11. The public issue, comprising sale of 50.74 lakh equity shares of the company,\u00a0will conclude on May 13. The bidding for anchor investors will open on May 10, according to the red herring prospectus (RHP). [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1516,31],"tags":[],"class_list":["post-40159","post","type-post","status-publish","format-standard","hentry","category-ipo","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Venus Pipes &amp; Tubes IPO to open on May 11 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ipo-venus-pipes-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Venus Pipes &amp; Tubes IPO to open on May 11\" \/>\n<meta property=\"og:description\" content=\"New Delhi, May 5 (PTI) The initial share-sale of Venus Pipes &#038; Tubes will open for public subscription on May 11. The public issue, comprising sale of 50.74 lakh equity shares of the company,\u00a0will conclude on May 13. The bidding for anchor investors will open on May 10, according to the red herring prospectus (RHP). 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